The Mexican Stock Exchange (BMV) is one of two stock exchanges in Mexico and it is the second largest stock exchange in Latin America. It was founded in 1894.
The BMV was created from the merger of three stock exchanges that operated in Mexico, which were the Bolsa de Valores de México, which operated in Mexico City, the Bolsa de Occidente (Occidental Stock Exchange) in Guadalajara, and the Bolsa de Monterrey (Monterrey Stock Exchange). The exchange kept modernising until its introduction of a fully electronic system for trading which was consolidated in 1999.
The Institutional Stock Exchange (BIVA), based in Mexico City, is Mexico's second stock exchange. BIVA began operations on July 25, 2018 and trade the same instruments as the Mexican Stock Exchange, which includes equities, bonds, warrants and some Mexican specific instruments such as CKDs and FIBRAs.
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The effort to create a derivatives market in Mexico began in 1994 when the Mexican Stock Exchange and S.D. Indeval jointly took on the commitment to create a derivative exchange. The Mexican Stock Exchange financed the project to create a futures and options market.
In August 1998, the Mercado Mexicano de Derivados S.A. (MexDer) was incorporated and trading began on December 15, 1998.