 | |
| Type | Stock Exchange |
|---|---|
| Location | Mexico City,Mexico |
| Founded | 2017 (2017) |
| Owner | Cencor |
| Key people | Santiago Urquiza (Presidente) María Ariza (CEO) |
| Currency | MXN |
| Market cap | Private company |
| Website | www |
TheInstitutional Stock Exchange (Spanish:Bolsa Institucional de Valores), commonly known asBIVA, isMexico's secondstock exchange, based inMexico City. BIVA began operations on 25 July 2018 and trades the same instruments as the other exchange in Mexico, theBolsa Mexicana de Valores: equities, debts, warrants and some Mexican-specific instruments such as CKDs and FIBRAs.
On 29 August 2017, PresidentEnrique Peña Nieto presented Santiago Urquiza Luna Parra, president of BIVA's parent company Cencor, with the concession to open and operate a new stock exchange in Mexico, the Bolsa Institucional de Valores (BIVA).[1] The concession itself was published the same day in theDiario Oficial de la Federación.[2]
The stock exchange commenced operations on 25 July 2018, ending the 43-year monopoly of the BMV in the Mexican stock exchange market.[3] The exchange's first opening bell was rung in a ceremony at the Altar de la Patria in Mexico City.[4]