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The new Bolsa Institucional de Valores (BIVA) will contribute to business growth and job creation, in addition to providing new alternatives for Afores in order to obtain higher yields for workers, according to the president of Central Corretajes (Cencor), Santiago Urquiza.
The president of Cencor said that the current administration has done a engaged and professional job to grow the stock market and make more inclusive, financial reform, to the new law Fintech to regulate financial technology companies
In an interview with the news agency, Notimex, asked the following administration "] continue with these important efforts that have cost so much work because the financial, banking and stock market system is the trigger for growth. "
In a rich historical event for the Mexican financial system, BIVA began operations on July 25 to compete with Mexican Stock Exchange (BMV), a market of over years of history and which was the only stock market in the country for 43 years .
Urquiza, who is now also a member of BIVA, reiterated her goal of arguing that in the next three years there will be 50 new stations on the market to reach about 200 "We do not necessarily speak to be with BIVA, here the answer is no longer what percentage to the Mexican Stock Exchange or BIVA, but the market, that's what we believe that Urquiza pointed out that stock market growth, with the participation of a second stock market, supports business development and there are more job alternatives and this in turn gives more motivation to the business. emergence of new entrepreneurs
He adds that the participation of the Afores both in the investment that BIVA required for its creation, that in the products it offers, p makes it possible to diversify the portfolios da where savings are invested for retirement and better returns are made for workers.
He sees this as a virtuous circle because, on the one hand, workers invest in companies and on the other hand millions of investors in Grupo Cencor, with whom he will share the profits. that he receives, "besides the fact that we also help the economy through our daily work, it becomes an important virtuous circle."
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