Mexican Stock Exchange

The Mexican Stock Exchange (BMV), or Bolsa Mexicana, is Mexico's sole stock exchange. The exchange was formed in 1886 and today is the second-largest stock exchange in Latin America after Brazil's BM&F Bovespa.

The BMV market supports the trading of stocks, debentures, debt instruments (government and corporate bonds), warrants and other derivative instruments. The exchange operates a fully electronic trading system, BMV-SENTRA Capitales. The exchange gradually transferred floor operations to the electronic system during the 1990s, and has been fully electronic since 1999.

Part of the Exchange's stated mission is to contribute to domestic savings, productive investment and stock brokerage in the country, meeting the needs of companies, issuers and governments, as well as domestic and foreign investors.

Mexican Derivatives Exchange

The Mexican Derivatives Exchange (MexDer), the derivatives subsidiary of the Mexican Stock Exchange, began operations in 1998 with the listing of futures on financial underlying assets.

MexDer is completely automated and offers futures and options contracts on interest rates, stock indexes, currencies and single stock futures. The exchange and its clearinghouse, Asigna, are self-regulatory entities that operate under financial authorities, including the Ministry of Finance and Public Credit (SHCP), Banco de México, the National Banking and Securities Commission (CNBV) and the BMV. Asigna, a triple-A rated clearinghouse, handles clearing and settlement for MexDer.