page_title: Mexican Stock Exchange
section_title: Bolsa de Valores de México, S.A.
hierarchical_section_title: Mexican Stock Exchange / History / Bolsa de Valores de México, S.A.
context_page_description: The Mexican Stock Exchange, commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after São Paulo based B3 in Brasil. It is also the fifth largest stock exchange in the Americas. 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 México, which operated in Mexico City, the Bolsa de Occidente in Guadalajara, and the Bolsa de Monterrey. 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 second largest securities market by total capitalisation in Latin America.
context_section_description: 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 México, 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 México.
  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. 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.
caption: President Abelardo L. Rodríguez
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