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CITY OF MEXICO – For the first time in more than 40 years, the stock market has two competitors in Mexico with the start of operations of the Institutional Stock Market (BIVA)
What will be the role of BIVA? , which begins to operate this Wednesday, July 25 in Mexico City
BIVA is a new scholarship that will be based at Boulevard Manuel Avila Camacho 36-2201, in the delegation Miguel Hidalgo of Mexico City
Its director is María Ariza, who during five years was director general of the Mexican Association of Private Capital (Amexcap) institution in which she distinguished herself by her work in the promotion and promotion of BIVA
It will be in direct competition with the Mexican Stock Exchange (BMV), which has hoarded the Mexican stock market for more than four decades with 148 issuers equating to a capitalization index of nearly $ 400,000 million.
To put BIVA on the market, it took five years of work and an investment of 600 million pesos. The promise is to promote competition and generate benefits for users of the stock markets.
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BIVA worked with FTSE Russell to develop its main index, according to the methodology that this group uses in other international indexes, but with modifications depending on the Mexican market.
FTSE-BIVA members must not weigh more than 15% of the index; América Móvil, which is the most representative, has only 13.11% of the share.
BIVA will be divided into three: 23 large enterprises, 19 medium and 15 small . In the S & P / BMV CPI, there are 22 large, 11 medium and two small. Their indices will not have a fixed number of members, so they can increase as the market grows.
Some major companies that will list the BIVA are América Móvil, FEMSA and Grupo Financiero Banorte, which are also listed on the BMV. BIVA will include Fibras as a relevant and representative sector of the economy, something that does not happen in the BMV.
In the middle sector are Telesites, Bachoco and Aeromexico, while in the list of small companies Terra, Fibra Macquire, Herdez and Vesta, among others
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