expanded with text translated from the corresponding article in spanish . february 2013 click show for important translation instructions . view a machine translated version of the spanish article . google s machine translation is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the english wikipedia . do not translate text that appears unreliable or low quality . if possible verify the text with references provided in the foreign language article . after translating translated es bolsa mexicana de valores must be added to the talk page to ensure copyright compliance . for more guidance see wikipedia translation . mexican stock exchange bolsa mexicana de valores front of the mexican stock exchange buildings in 2008 . type stock exchange location mexico city mexico founded september 5 1933 1933 09 05 owner bmv group currency mexican peso no . of listings 140 1 market cap usd 402.99 billion february 2016 2 volume usd 134.86 billion jan dec 2015 3 indices ipc inmex rt irt largecap irt compmx website www.bmv.com.mx the mexican stock exchange spanish bolsa mexicana de valores commonly known as mexican bolsa mexbol or bmv is the only stock exchange in mexico . it is the second largest stock exchange in latin america only after brazil s bm & f bovespa . it is also the fifth largest stock exchange in the americas . 4 the exchange platform is owned by bmv group which also owns the derivative exchange mexder and the custody agency indeval . the bmv was created out of the merger of the three stock exchanges which formerly operated in mexico the bolsa de valores de m xico which operated in mexico city the bolsa de occidente occidental stock exchange in guadalajara and the bolsa de monterrey monterrey stock exchange . the exchange kept modernising until its introduction of a fully electronic system for trading which was consolidated in 1999 . in 2014 the mexican stock exchange completed its first trade as a part of mila which together with the stock exchanges of santiago lima and colombia is the largest securities market by total capitalisation in latin america . contents 1 history 2 structure and operations 3 indices 4 some listed companies 5 see also 6 references 7 external links history edit from 1880 to 1900 plateros and cadena streets in the historic centre of mexico city were home to recurring meetings in which brokers and businessmen purchased and sold all kinds of commodities as well as stocks in public offerings . afterwards exclusive groups of shareholders and issuing company representatives would gather to negotiate behind closed doors in different places around the city . madero avenue home of the first stock exchange in mexico is today a pedestrian mall . in 1894 manuel algara camilo arriaga and manuel nicol n pushed among the most distinguished brokers of the time the idea of a normative and institutionalised system to trade securities . with the increased backing and widespread support for his ideas the bolsa nacional national stock exchange was founded on 31 october 1894 at 9 plateros street later renamed madero street . less than a year later another group of brokers led by francisco a. llerena and luis g. necochea formed a society named bolsa de m xico stock exchange of mexico and registered as a competing establishment on 14 june 1895 . because of coinciding objectives and links between members of the two institutions leaders began discussing a union between them . on 3 september 1895 the merger was finalised keeping the name bolsa de m xico and the administrative offices at the plateros street address . the company was officially inaugurated on 21 october 1895 . by the start of the following year bolsa de m xico had three public issuing companies and eight private ones among them the bank of mexico the national bank of mexico and the banco de londres y m xico es later acquired by banco santander . on 1 march 1933 the congress of mexico passed and president abelardo l. rodr guez signed into law the regulatory decree of the general law of credit institutions and auxiliary organisations normalising the exchange of securities and the stock market in mexico . president abelardo l. rodr guez because of the legal reforms of the time and the concession authorised by congress on 28 october 1933 which for the first time included stock exchanges the charter and bylaws of the bolsa de valores de m xico s.a. stock exchange of mexico were approved and on 5 september the institution was incorporated . that same year the national securities commission later renamed national banking and securities commission was established to supervise the bolsa de valores de m xico . because of substantial industrial and commercial growth in mexico mid century owing to the rise in the creation of maquiladoras in northern mexico as well as the accumulation of capital and the constant creation of new businesses at the time the monterrey stock exchange was established and it grew to serve the entire north of the country reaching over 100 listings . 5 soon after businesses in guadalajara started organising a third stock exchange and in 1960 the occidental stock exchange was established to serve the west coast of mexico . because of low performance in the guadalajara and monterrey stock exchanges however congress passed in 1975 the securities market law which prompted the bolsa de valores de m xico to change its name to bolsa mexicana de valores mexican stock exchange and merge the other two exchange houses into it creating thus the single entity that remains to this day the only stock exchange in mexico . the stock exchange centre in 2012 on 19 april 1990 the centro burs til was finished on paseo de la reforma turning the stock exchange centre into the heart of the financial district of mexico city . five years later the bmv completely modernised the centre introducing a completely electronic system bmv sentra which was phased into the workings of the exchange becoming fully operational by 1999 . in 2001 citigroup became the first foreign company to begin trading in the bmv opening the door to many new companies to do the same especially from central and south america . the same year the securities market law was reformed according to the demutualisation of bmv . the following year the corporativo mexicano del mercado de valores s.a. de c.v. was constituted to manage the hiring of personnel and administration of the stock exchange and other financial institutions within the centre . in 2003 the global market was made available through the bmv allowing national investors access to foreign securities from within the country . in 2006 the mexican securities market was opened to foreigners through the mexder system allowing them operation from anywhere in the world . in october of the same year four etfs exchange traded funds over indexes of the stock exchange itself were listed placing bmv in the first place in latin america in terms of etfs listed over own indexes and as the leading stock exchange in terms of total etfs . in 2010 the bmv signed an alliance with the world s largest derivatives exchange the chicago mercantile exchange putting mexican derivatives within reach of international investors . mexico is a founding member of the pacific alliance which seeks large scale economic integration . mila was conceived as the first step in said integration offering a consolidated securities market for the alliance . the mexican stock exchange bmv announced its first trade made as part of the latin american integrated market mila by its spanish initials on 2 december 2014 . 6 the trade on miila was a 1 415 purchase of 200 shares in chilean retailer falabella executed by gbm mexico through gbm chile . 6 with the entry of mexico into mila the integrated stock market now counts 798 issuers among the four countries making it the biggest market by number of listed companies in latin america and the biggest in terms of market capitalization according to the world federation of exchanges . 6 the joint capitalization of the four bourses tops us 1.25 trillion making it larger than the us 1.22 trillion bm & f bovespa . 7 the move comes largely as step in the integration efforts between mexico chile colombia and peru as members of the pacific alliance . structure and operations edit bmv is now a public company following its ipo in june 2008 and its shares are traded on the bmv equities market . it operates by concession of the secretariat of finance and public credit . 8 until its ipo bmv was owned by its members which were a group of banks and brokerage firms . the exchange trades debt instruments including federal treasury certificates cetes federal government development bonds bondes investment unit bonds udibonos bankers acceptances promissory notes with yield payable at maturity commercial paper and development bank bonds . in addition it also trades stocks debentures mutual fund shares and warrants . trading is conducted electronically through the bmv sentra equities system . settlement is t 3 and trading hours are 8 30 a.m. to 3 p.m. for the capital markets and 8 a.m. to 2 30 p.m. for debt instruments monday through friday indices edit the bmv calculates 13 indices of stock prices . each index can be used as an underlying value for derivative products listed on specialized markets . the main benchmark stock index is called the ipc which stands for ndice de precios y cotizaciones and is the broadest indicator of the bmv s overall performance . it is made up of a balanced weighted selection of shares that are representative of all the shares listed on the exchange from various sectors across the economy and is revised twice a year . weight is determined by market capitalization . the ipc s value is related to the previous day s value rather than the base date of october 30 1978 . since february 2009 the ipc index has included bmv s own a shares . indice mexico inmex is a market capitalization weighted index of 20 to 25 of the bmv s most highly marketable issuers using their most representative series . the sample is limited to issuers with a minimum market value of 100 million and is revised every six months . the weighting can not be greater than 10 % at the start of each calculation period . some listed companies edit am rica m vil telecom cemex cement femsa conglomerate alfa conglomerate grupo aeroportuario del pacifico airports grupo bimbo food grupo industrial saltillo conglomerate grupo modelo beverage banco santander mexico retail and private banking siemens ag conglomerate azteca television media televisa television media telmex telecom walmex retail see also edit wikimedia commons has media related to mexican stock exchange . list of companies traded on the bolsa mexicana de valores list of mexican companies economy of mexico mexican peso references edit listado de empresas emisoras listing of issuing companies . retrieved 15 january 2015 . title banco de mexico information structure details url http www.banxico.org.mx sieinternet consultardirectoriointernetaction.do accion consultarseries title bolsa mexicana de valores reporte trimestral 4q2015 url https www.bmv.com.mx docs pub reportetrimestral bmv4q15 engf.pdf http www.world exchanges.org statistics monthly reports title desigualdad poder y cambio social en monterrey by menno vellinga . 1988 . siglo veintiuno editores a b c jude webber . mexico exchange names sacrist n as new head . financial times . retrieved 9 january 2015 . peter kohli . the andean exchange a developing market opportunity in our backyard . nasdaq . retrieved 9 january 2015 . http www.stockexchange.com.mx external links edit official site v t e mexico articles history pre columbian era colonial era war of independence first mexican empire first mexican republic centralist republic texas revolution