Bolsa Mexicana de Valores

Brief history

Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV) was founded in 1894. In 1995, it started operating the BMV SENTRA-Debt Securities trading platform (an electronic facility for trading debt securities), and in 1996 it began managing the BMV-SENTRA Capitales platform (for trading capital market instruments).

In 1998, the company Servicios de Integración Financiera (SIF) was constituted as a subsidiary of the Bolsa with the purpose of providing electronic brokerage. Then, in January 1999, all the share negotiation was incorporated into the electronic system. Thus, on January 1, 2002, the Mexican Corporate Market Securities services company, S.A. of C.V. for the hiring, administration and control of personnel of the Exchange and of the other financial institutions of the Stock Exchange Center that joined this process.

The Mexican Stock Exchange concluded with the process of demutualization, becoming a company whose shares are susceptible to trading in the stock market, carrying out on June 13, 2008 the Initial Public Offering of its shares representing its capital stock.

On the other hand is the derivatives market which was created in 1994 as MexDer, Mercado Mexicano de Derivados, S.A. of C.V. being Indeval [1], constituted on August 20, 1987, which would promote the creation of the derivatives clearing house that is called Asigna, Compensación y Liquidación. In 1978, contracts for the future began to be listed, since 1977 hybrid debt instruments by the Federal Government such as petrobonds, promissory notes, treasury bonds, etc., since 1989 the Brady Bonds for the renegotiation of the public sector’s external debt, in the decade From the nineties, OTC (over the counter) forward contracts were negotiated and, from October 1992, the Optional Securities (warrants) on individual shares, baskets and stock indices began to operate on the Mexican Stock Exchange.

On the other hand is Valmer, is a company founded by the Mexican Stock Exchange (BMV) and Algorithmics Incorporated in 2000 and is responsible for valuation of financial instruments, as well as comprehensive services of calculation, information, analysis and risks, related to said prices.

On January 29, 2010, a new organizational structure was approved, which includes all the companies of the Mexican stock exchange group named above, now having five business divisions (markets and information, liquidation and custody, technology, promotion and planning). , and corporate services and government relations).

In November 2016, the BMV started operations with its new Motor FIX, a technologically advanced piece that allows receiving in microseconds the orders registered, modified, canceled and executed by its members for the operation of the different securities that make up the Capital Market, including the titles listed in the International Quotation System. Additionally, in the same year, the first placements of a FIBER E, a CERPI and a Green Bonus were made.

During 2017, the BMV invested in several technology projects, among the most outstanding: improvements to the market surveillance system (SMARTS), the connection of the Exchange, the exchange of the central engine of the Central Securities Counterparty for clearing and settlement (SCO). and the implementation of a system that automates the process of identification, analysis and management of operational risk in a single environment (OpenPages).

In addition to continuing organic growth, BMV is committed to promoting financial markets in Mexico through education. In the last quarter of 2017, Grupo BMV invested in the construction of the Stock Exchange Museum (MUBO).

[1] Services:

1) Securities Loan the Securities Loan Program, through the Electronic Trading System – VALPRE since January 1997 to allow participants to register positions anonymously, establishing the characteristics of the positions; 2) since 1994, the ISINy number assignment has been started since 1996, and the ISIN Numbers Electronic Directory has been launched jointly with the BMV; and 3) establishes a direct connection between the Indeval systems and the direct market participants.