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CITY OF MEXICO.- After years of work, the Institutional Securities Exchange (BIVA) will finally enter into operation on Wednesday, with which it will become a direct competitor of the Mexican Stock Exchange (BMV), while that as of this Monday, the brokerage houses must be attached, by law, to the network of the new market.
Santiago Urquiza, president of Central Corretajes (Cencor) and who was behind the emergence of BIVA, announced, via Twitter, to witness the historic moment, just connect to the Internet from 7:30
Meanwhile, María Ariza, director of BIVA, said: "With deep joy and emotion, we can confirm the start of operations on July 25 after a final successful test approved by @cnbvmx." Millions of thanks to all those who made this possible, especially to the amazing @BIVAMX team, everything is fine. "
The launch of a new stock exchange will be historic, since since 1975 there has been no had no competition in this industry. then the Mexican Stock Exchange consolidated the Monterrey and Guadalajara Stock Exchanges.
Since the announcement of its emergence, the beginnings of BIVA have been postponed again and again and the postures around its birth have been polarized, mainly because of the fact that in the current market, there is no 147 companies with listed shares, of which only 35 are very important, to which must be added that Mexicans are not characterized by a stock market investment, as there are barely 255 000 475 accounts National Banking and Securities Commission
Thus, after the realization that involves the opening of operations, the challenges will continue, the first being that the rest of the participants adapt to
CHANGES
L & # 39; One of the key promises of BIVA is to be a technology company. Urquiza himself said that to operate will not require a large building and so the facilities where all the action will take place occupy only 600 square meters, there will be from reception to computers where daily operations will be monitored.
The technology with which BIVA will operate comes directly from the NASDAQ, so it will be one of the fastest in the world, but this technological change has brought challenges for the rest of the market players, including the stockbrokers. securities.
Martín Lara, director of Signum Research's fundamental analysis, "a challenge is that everything works fine, this bag is very technological, they say that they bring Nasdaq systems, we hope that" They all serve very well. "
Cipactli Jiménez, Private Investor, felt that understanding a new technology in a "somewhat outdated" market will require a period of adjustment, at least six months.
Mie ntras, Gerardo Copca, MetAnálisis specialist, during this period of adaptation, will probably have to make adjustments to be a market that works properly.
Let's see in practice how it works. This will be seen in the coming months, the profit and the competition that will be given will be in five years, "said Jorge Gordillo, director of economic analysis and stock market at CIBanco.
THE SIGNAL
l & # 39; investor expects that "signal" that this market is serious, which is to see the first listed company.
For Jimenez, this must happen early next year: "He has all the rest of the year to make a difference, it is the new companies that we are waiting for, we want to see where we can deposit the money and trust. "
According to Jiménez, this new stock market will be ideal for millennia to invest in. Some people think the market is something old and bored, so they prefer to invest in Bitcoins, but they could be an opportunity for BIVA.
He said that among the companies that might be interested in participating in BIVA are mainly of medium size.
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