The Mexican Stock Exchange, known as Bolsa Mexicana de Valores (BMV) in Spanish, or Mexican Bolsa, Mexbol, is the principal stock exchange in Mexico. Established on October 31, 1894, it is located in Mexico City and is responsible for the trading of equity and debt securities. The BMV operates under a fully electronic trading system, which replaced the traditional floor trading in 1999.
The Mexican Stock Exchange is the second-largest stock exchange in Latin America, after Brazil's B3. It plays a crucial role in the Mexican financial market by providing a platform for companies to raise capital through the issuance of shares, bonds, and other financial instruments. The exchange lists various securities, such as stocks, fixed-income products, warrants, and exchange-traded funds (ETFs).
The BMV is regulated by the National Banking and Securities Commission (CNBV) and is supervised by the Mexican Ministry of Finance and Public Credit. The exchange is also a member of the World Federation of Exchanges and the Sustainable Stock Exchanges Initiative.
The most well-known index of the Mexican Stock Exchange is the Índice de Precios y Cotizaciones (IPC), which is a benchmark index that tracks the performance of the 35 most liquid and highly capitalized stocks listed on the exchange. The IPC is a market capitalization-weighted index, meaning that larger companies have a more significant impact on the index's value. It is widely used by investors and analysts as an indicator of the overall health of the Mexican stock market.
Some of the largest and most prominent companies listed on the Mexican Stock Exchange include América Móvil (telecommunications), Grupo México (mining and transportation), Grupo Bimbo (food and beverage), and FEMSA (beverage and retail). The companies listed on the BMV represent a diverse range of sectors, including financial services, consumer goods, industrial, and real estate.