Mexican stock exchange

The BMV, or the Bolsa Mexicana de Valores, S.A.B de C.V. for its acronym, is a Mexican financial entity founded in 1894, which operates privately, and which has been described as organized and prosecuted to make movements of values through financial intermediaries, the broad brokerage firms, broad in the sense that they are known.

The stock exchanges offer facilities, or in other words, mechanisms and instruments, in the negotiation of securities subject to public offering, at prices determined by auction. carry out stock market operations, more specifically the so-called organized market in Mexico, to facilitate securities transactions. Generally, these actions are carried out so that the market develops, according to them they promote its expansion and generate competitiveness.

It is supervised by regulatory authorities such as: National Banking and Securities Commission, Bank of Mexico, Tax Administration Service and Ministry of Finance and Public Credit. Its main index is the Prices and Quotations Index.^{[citation required]}

It is worth mentioning that the Mexican Stock Exchange only operates in Mexico.

The money market appeared in Mexico during the colony, with private or ecclesiastical moneylenders. Subsequently, the money market was reborn with CETES (Federal Treasury Certificates), in 1978. Since 2011, the BMV is part of the Latin American Integrated Market (MILA).

Functions

Among its main functions are that the stock market:

Establishes the premises, facilities and mechanisms to facilitate relations and operations between supply and demand of securities, credit instruments and other documents registered in the National Securities Registry (RNV), likewise provides services necessary for carrying out processes of issue, placement in exchange of such securities.

Regarding the publications, you must keep available to the public publications made on the information related to the securities registered in the Mexican Stock Exchange and those listed in the International Quotation System of the Stock Exchange itself, about its issuers and the operations that in she are done.

Establishes necessary measures so that operations carried out on the Mexican Stock Exchange by brokerage firms are subject to the provisions that are applicable to them.

Issuance of regulations not to establish standards and operational and conduct schemes, so as to promote fair and equitable practices in the stock market. It also imposes disciplinary and corrective measures for non-compliance with them, and such are mandatory for brokerage firms and issuers with registered securities.

Companies that require resources (money) to finance their operation or expansion projects can obtain it through the stock market, through the issuance of securities (shares, bonds, commercial paper, etc.) that are made available to investors. investors and exchanged (bought and sold) on the Mexican Stock Exchange, in a transparent market with free competition and equal opportunities for all its participants.

Majority partners

Companies that make up the BMV Group

Mexican Stock Exchange

The Mexican Stock Exchange is a private financial entity that operates by concession of the Ministry of Finance and Public Credit, in accordance with the Securities Market Law. It provides the material and technological infrastructure to carry out the exchange of values, thus consolidating the stock market in Mexico.^{[citation required]}

MexDer

MexDer began operations on December 15, 1998. MexDer connects sellers and buyers of derivative instruments on electronic trading platforms. It offers market participants the opportunity to trade futures contracts on interest rates, equity indices, equities, fixed income instruments and currencies, options contracts on equity indexes, equity securities and currencies. MexDer has become one of the main regional derivatives exchanges in Latin America, especially when it comes to interest rates.

If ICAP

SIF ICAP was founded in 1998 and in 2000 a joint venture was carried out with Latin America Holdings, B.V. (“ICAP”). ICAP is the world's largest brokerage firm and a strategic partner. The main function of SIF ICAP is to provide brokerage services between bidders and bidders with fixed rate instruments. In addition, SIF ICAP specializes in OTC derivative products and securities related to this type of derivative.

CCVs

Reforms to the previous LMV in 2001 resulted in the creation of the CCV. The main function of the CCV is to act as the central counterparty in all stock operations carried out through the BMV, to guarantee the default risk of these operations, and to reduce counterparty risk and systemic risk within the bag. CCV started operations in February 2004.

Assign

Asigna, Compensación y Liquidación is an administration and payment trust. In the listed or standardized derivatives markets, the function of the Clearing House is of great importance because it becomes the counterparty and therefore the guarantor of all financial obligations derived from the operation of derivative contracts. This function is fulfilled by Asigna.

Indeval

Indeval is the central securities depository in Mexico. It was created on August 20, 1987 as a result of the privatization of the Institute for the Deposit of Securities, which was an agency of the Mexican government. Indeval is the only institution in Mexico authorized to operate as a securities depository. Until 1994, Indeval was solely responsible for securities transfers, the payment of which was arranged by the counterparties. In 1995, with the supervision and support of Banco de México, the Interactive System for the Deposit of Securities (“SIDV”) was implemented, which allowed the settlement of operations on the basis of delivery against payment. During 2008, the Indeval system was completely renewed and the DALI system began operations; for the deposit, administration and settlement of securities, whose system closes operations every business day at 4:15 in the afternoon.

Valmer

Valmer was founded in 2000 as a joint venture with Algorithmics, a world leader in the risk measurement and management systems sector. Valmer is not an independent price provider.

Bursatec

Bursatec was founded in 1998 and is dedicated to the design and administration of information technology, as well as providing communication systems for the BMV, Indeval, MexDer, Asigna, Valmer, AMIB and various financial institutions in Mexico. Bursatec was born in 1998 as a subsidiary of the Mexican Stock Exchange. On October 27, 2015, BURSATEC merged with Corporativo Mexicano del Mercado de Valores (CMMV) as a merging company as of January 1, 2016, reflected in its financial statements as of that date.

Corporate

On January 1, 2002, the service company Corporativo Mexicano del Mercado de Valores, S.A. was established. de C.V. for the hiring, administration and control of the personnel of the Stock Exchange and of the other financial institutions of the Stock Market Center that joined this process.

History

Corridors of the time

1880-1900

The beginning of the bursatile life

The streets of Plateros and Cadena, in the center of Mexico City, witnessed meetings in which brokers and businessmen carried out buying and selling of all kinds of goods and securities on public roads. Subsequently, exclusive groups of shareholders and issuers were formed, who met to negotiate behind closed doors, in different parts of the city.

1894

Corridors begin to organize

In 1894, among the most distinguished brokers of the time, Manuel Algara, Camilo Arriaga and Manuel Nicolín promoted the idea that securities trading should have a regulatory and institutional framework.

October 31, 1894

The National Bag is born

On October 31, 1894, the National Stock Exchange was founded, with its headquarters at 9 Plateros Street (now Madero Street).

The National Bag is born.

June 14, 1895

Mexico Stock Exchange

Another group of brokers, led by Francisco A. Llerena and Luis G. Necoechea, formed a company under the name of Bolsa de México, registering the public deed on June 14, 1895.

September 3, 1895

Merge the bags

The coincidence of objectives and links between members of the two groups led to the search for a merger, keeping the name of Bolsa de México, S.A. The headquarters remained at Calle de Plateros number 9.

October 21, 1895

Opening of the Mexican Stock Exchange

The Board of Directors of the Mexico Stock Exchange, headed by Manuel Nicolín y Echánove, invited the president of the City Council of the Capital of Mexico, Sebastián Camacho, to the official inauguration of the institution, on October 21, 1895.

1896

The first stations of the Mexican Stock Exchange

At the beginning of 1896, three public and eight private stations were listed on the Mexico Stock Exchange; Among the latter were Banco de México, Banco Nacional de México, Banco de Londres y México and Banco Internacional Hipotecario.

1907

Mexico's Private Bag S.A.

After periods of stock market inactivity, caused by economic crises and international metal prices, the Bolsa Privada de México, S.A. was inaugurated in Callejón de la Olla (today 5 de Mayo street). The first president of the private stock market was Agustín Quintanilla, and the members were Alfredo A. Guzmán, Alberto Morales, Humberto Andragnez and Carlos Scherer.

1911

The Mexican Stock Exchange begins to grow

Agustín Quintanilla considered that the time had come to expand the facilities of Bolsa de Valores de México, S.C.L., and proposed to the Board to lease the rest of the building and the adjoining passage in Callejón 5 de Mayo, where the start was made. to form a specialized library.

March 1916

The Bolsa is modernized

The Mexican Stock Exchange contracted the installation of private telephones and carried out other improvement works, both on the Trading Floor and in the offices.

March 1, 1933

Initiating stock regulation

The Regulatory Decree of the General Law of Credit Institutions and Auxiliary Organizations entered into force, in relation to the stock exchanges.

September 5, 1933

Mexico Stock Exchange, S.A.

The deeds and statutes of the Bolsa de Valores de México, S.A. were approved, in accordance with the concession authorized on August 28, 1933, which for the first time included the stock exchanges. The articles of incorporation were registered on September 5, 1933.

1933

The modern Mexican stock market life begins

The Stock Market Regulatory Law is promulgated and the Stock Exchange of Mexico, S.A. is established, supervised by the National Securities and Exchange Commission (now the National Banking and Securities Commission).

1950

The Monterrey Stock Exchange

Industrial and commercial development, as well as the accumulation of capital and the constant emergence of companies, led to the founding of the Monterrey Stock Exchange in 1950.

1960

The Bolsa de Guadalajara is born

In Guadalajara, the Bolsa de Occidente began operating, which had begun to be organized since 1956.

1975

It consolidates a single bag

The Securities Market Law entered into force, and the Mexican Stock Exchange changed its name to the Mexican Stock Exchange, and incorporated the Guadalajara and Monterrey stock exchanges within it.

April 19, 1990

The new headquarters was ready

The construction process of the Centro Bursátil, which began in March 1987, culminated in the early 1990s, after 36 months of intensive work. The new and current stock exchange office was inaugurated on April 19, 1990. In the new office, the operation of the Trading Floor held the session live by voice with a fully electronic display of information.

1993

Mexicans go for ADRs

A significant number of Mexican Companies are listed in foreign markets through ADRs.

1994

The Mexican Stock Exchange is affected by the famous "Error de diciembre"

A large amount of foreign currency fled during the first weeks of the term of former president Ernesto Zedillo Ponce de León, due to bad decisions by the then president and his economic team.

1995

The Bag acquires an electronic system

The Mexican Stock Exchange introduces the BMV-SENTRA Debt Securities system.

1996

The Bolsa continues to modernize

The operations of BMV-SENTRA Capitales begin, a system to which the members of the Stock Exchange have access to formulate bids and arrange operations in the Capital Market.

1998

Financial Integration Services

The company Servicios de Integración Financiera (SIF) is established, which operates the trading system for debt securities market instruments (BMV-SENTRA Debt Titles).

Nace MexDer y Asigna

Starts MexDer and Asigna operations, considering the open voice scheme. The Derivatives Market (MexDer) was established on December 15, 1998, by listing futures contracts on the dollar.

Home of Bursatec

Bursatec was born in a highly competitive environment as a subsidiary of the Mexican Stock Exchange and S.D. Indeval. Its goal is to provide state-of-the-art technology for the national market to ensure operational continuity through the use of advanced technology, thus promoting the growth of financial markets within a framework of international competitiveness.

January 11, 1999

The market becomes electronic

All capital market negotiations were incorporated into the electronic system. From then on, it is fully operated through the BMV-SENTRA Capitales electronic trading system.

2000

The National Banking and Securities Commission (CNBV) issues a circular that allows the electronic routing of orders to be carried out directly from the brokerage house system to the stock market trading system. At this time, new companies would be incorporated.

2001

First foreign company registered

Citigroup becomes the first foreign company to list on the Mexican Stock Exchange, which opened the door to new companies, especially from Central and South America.

During this year, stock certificates were incorporated into the market as a Debt instrument and the Securities Market Law was reformed considering the demutualization of the BMV.

January 1, 2002

BMV Building on the Avenue Paseo de la Reforma (to the center). On the left, the Reform Building 265, and on the right, the Mapfre Tower.

Mexican Corporate of the Securities Market

The service company Corporativo Mexicano del Mercado de Valores, S.A. is established. de C.V. for the hiring, administration and control of the personnel of the Stock Exchange and of the other financial institutions of the Stock Market Center that joined this process.

2003

Opens the Global Market

Through the Mexican Stock Exchange, access is given to Mexican investors to invest in international shares. It currently represents between 20% and 35% of the daily trading volume. The Stock Exchange does not allow knowing with whom the facts have been agreed in the Global Market.

2004

Options Market

The Options Market was launched through a strategic alliance with the Spanish financial futures market. This market features IPC futures, individual stocks and currency options.

The Central Securities Counterpart begins operations. Also during this year, new instruments for the global market were listed: Europe Section, Asia, ETFs, i-SHARES, among others.

April 2005

Launch of SIBOLSA

The Stock Exchange launches the SIBOLSA product (together with infobolsa.es) which replaces the technological platform of more than 10 years, known as SIVA. It is a platform in which, for a cost of 116 to 163 dollars per month, an investor can have access to real-time information on the Mexican and foreign markets.

In this year, the Siefores enter the stock market of the BMV.

October 2005

New indicators are launched that complement the Stock Market's indices offer, such as the composite index of large, medium and small companies.

2006

MexDer opens operations for foreigners

MexDer opens its operations to foreigners, allowing them to operate from anywhere in the world. Foreign participation in this market is very important, since it has the highest international standards.

During the month of October, 4 TRAC's were listed on the Stock Exchange's indices, placing the BMV in first place in Latin America with the largest number of ETF's listed on its own indices and as the leader of EFT' s own and outside of Latin America.

2008

The Bag is certified

The Mexican Stock Exchange obtains the ISO 9000 quality certification of the BMV Operational Control and Market Surveillance processes.

January 2009

The first ETF's on an index created and calculated by the BMV that monitors the Brazilian market is listed, facilitating investors access to said market through the Stock Exchange's own trading platform.

2010

The BMV signed an alliance with the world's largest derivatives exchange, the Chicago Mercantile Exchange (CME), thus bringing Mexican derivatives to large international investors.

During that year, a communication protocol for capital operations, known as FIX, was implemented; Likewise, the operating model of the Mexican market was substantially modified through the implementation of the RINO project.

April 15, 2010

The BMV, AMIB and CNBV present “RINO”

They introduced the financial and stock market community in Mexico, and announced the beginning of the implementation of the RINO Project, which will take new steps in the modernization of stock operations in Mexico, by adopting the best international practices in the market of Mexican capitals.

April 19, 2010

The Board of Directors of the BMV approved an organizational restructuring that meant moving from an organization based on individual companies to five business divisions: (I) Markets and Information, (II) Deposit, Clearing and Settlement, (III) Technology, (IV) Promotion and Planning and (V) Corporate Services and Institutional Relations.

December 5, 2011

Since 2014 it is part of the Latin American Integrated Market, as part of a unified Pacific Alliance bag.

BMV signs agreement of intent with the stock exchanges that make up the Latin American Integrated Market (MILA)

In the framework of the II Summit of the Pacific Alliance, held in the city of Mérida, Yucatán, the Mexican Stock Exchange signed an agreement of intent with the stock exchanges of Colombia, Lima (Peru) and Santiago (Chile), which formed the Latin American Integrated Market (MILA).

December 8, 2011

Sustainable IPC launch

International trends and the current environment call for new initiatives that encourage greater social responsibility on the part of companies and the stock markets. The Sustainability Indices make it possible to monitor the performance of companies in matters of environmental care, social responsibility and corporate governance.

September 3, 2012

MoNeT launch

MoNeT is the new trading system for the operation of the Mexican stock market, which will allow the BMV to attract more sophisticated international participants, through electronic algorithms, which will give greater depth and dynamism to the market.

This trading system is the equivalent of an electronic trading floor and, compared to the system it replaces (Sentra Capitales), it is around three hundred times faster.

October 16, 2012

NYSE Technologies, BMV and ATG will provide access to the Mexican capital market

NYSE Technologies, announced that in collaboration with Grupo Bolsa Mexicana de Valores (BMV) and Americas Trading Group (ATG) they have built and launched next-generation transactional infrastructure, global connectivity, personalized risk control portals and distribution of information products for foreign investors who wish to operate in the Mexican markets.

February 28, 2013

Signature of strategic agreement between the BMV and the Lima Stock Exchange

The BMV, through its subsidiary Participaciones Grupo BMV, S.A de C.V., signed a share purchase-sale agreement with a group of shareholders, by virtue of which, subject to compliance with certain conditions, it will acquire approximately 5.9% of the Series A shares of the Lima Stock Exchange S.A. (BVL).

Similarly, the investment is complemented by the signing of an agreement for a strategic association between both Stock Exchanges in order to develop joint activities and businesses for the development of the Peruvian and Mexican stock markets.

April 15, 2013

MexDer estrena MoNeT

The Mexican Derivatives market (Mexder) launched, on April 15, the Transactional Negotiation Engine (MoNeT), with which it seeks to position itself as one of the main markets worldwide.

MoNeT is the new bet by Grupo Bolsa Mexicana de Valores; is a trading system that replaced Sentra Capitales in the stock market and now replaces Sentra Derivatives and S-Mart as the systems where trading in the derivatives market was carried out.

19 June 2014

The BMV joins the Latin American Integrated Market, during the IX Summit of the Pacific Alliance that took place in Nayarit.

Listing on the capital market

The Mexican Stock Exchange is a financial entity, which operates by concession of the Ministry of Finance and Public Credit, in accordance with the Securities Market Law. Derived from the monitoring of world trends and the changes that have occurred in the legislation, the Mexican Stock Exchange concluded the demutualization process, becoming a company whose shares can be traded on the stock market, carrying out the June 13, 2008 the Initial Public Offering of its shares representing its capital stock.

How does the BMV work?

"Experience Bag", where university students can visit the auction floor.

• Any natural or moral person of Mexican or foreign nationality may invest in the values (of capital or debt) listed in the stock exchange.

The process begins when an investor is interested in buying or selling a listed security. In the first instance, said investor must sign an intermediation contract with one of the Mexican brokerage firms.

• Below is the process of buying stocks in the Mexican Stock Exchange:
• Juan decides to analyze the possibility of investing in the Mexican stock market.
• Andrea decides to sell 5,000 shares of the XYZ company he acquired some years ago.
• Juan consults a promoter of a stock exchange house, and analyzes different investment options, based on the extensive financial and market information available. After analyzing different alternatives, Juan asks his promoter to provide him with the market quote to acquire shares of the XYZ company, and establishes a contractual relationship with the bag house (intermediation contract).
• Andrea calls her promoter to request quote for the sale of the 5,000 shares she wants to sell.
• Using the BMV's e-dissemination systems, account executives get the information about the best purchase and sale prices for XYZ actions, and report to Andrea and Juan.
• Taking into account what you already know about the XYZ company, and after the conversation with the promoter, Juan instructs the bag house, through his promoter, to acquire 5,000 shares of the XYZ company, at market price.
• Andrea instructs her promoter to sell, at the BMV, 5,000 shares of the XYZ company, at market price.
• The promoters enter the systems of their respective stock exchange houses, the characteristics of the orders of Andrea and Juan. The purchase and sale orders are then entered by the operators of the stock exchange houses in the Electronic System of Negotiation, Transaction, Registration and Assignment of the Capital Market (BMV-SENTRA Capitales).
• After perfected or "closed" the operation in the BMV, Andrea and Juan are notified, and the Stock Exchange informs all market participants about the characteristics of the operation, through the electronic and printed media ready for such effect.
• Three business days after the transaction has been concluded, the central deposit of securities of Mexico (S.D. Indeval), after instruction of the seller stock exchange house, transfers the shareholder values of the account of the seller stock exchange to the account of the buyer stock exchange house; and the amount corresponding to the transaction is transferred from the buyer stock exchange house to the seller stock exchange house.
• Juan liquidates to his bag house the amount corresponding to the purchase operation, including a previously agreed commission.
• Andrea receives from her bag house the amount corresponding to the sale operation, minus a previously agreed commission.
• People interested in investing in the BMV should contact any bag house.

How to list on the stock market?

In order for a company to issue shares listed on the Mexican Stock Exchange, it must, first of all, contact a brokerage firm, which is the specialized intermediary to carry out the placement. From there, a process will begin to be able to have the authorizations of the Mexican Stock Exchange and the CNBV.

• Interested companies must be registered in the National Securities Register (RNV)
• Submit a request to the Mexican Stock Exchange, through a stock exchange house, annexing the corresponding financial, economic and legal information.
• Compliance with the provisions of the Internal Regulations of the Mexican Stock Exchange
• Cover the list and registration requirements in Bag.

Once the status of issuer has been achieved, the company must comply with a series of listing maintenance requirements (such as the obligation to periodically make public the information on its financial statements).

Participants

Issuing companies

Are corporations, public bodies, federal entities, municipalities and financial entities when acting in their capacity as trustees that, complying with the established provisions and being represented by a brokerage firm, offer to the investing public, in the scope of the Mexican Stock Exchange, securities such as shares, debt securities and obligations.

In the case of the issuance of shares, companies that wish to make a public offering must comply with the listing requirements and, subsequently, with the maintenance requirements established by the Mexican Stock Exchange; in addition to the general provisions contained in the circulars issued by the CNBV.

Stock brokers

They are brokerage houses authorized to act as intermediaries in the stock market and carry out the following activities, among others:

• Conduct stock sales operations.
• Provide advice to companies in securities placement and investors in the constitution of their portfolios.
• Receiving funds for transactions with values, and transactions with values through your system, through your operators.

The operators of the brokerage houses must be registered and authorized by the CNBV and the Mexican Stock Exchange.

Investors

Investors are natural or legal persons, national or foreign, who place their resources through brokerage firms; They buy and sell securities, in order to minimize risks, maximize returns and diversify their investments.

In the stock markets of the world, the participation of the group of so-called "institutional investors" stands out, represented by investment companies, pension funds, and other entities with high investment capacity and extensive knowledge of the market and its implications.

Investors designated as "Qualified" They are those who have sufficient resources to gather the necessary information for making investment decisions, as well as to safeguard their interests without the need for the intervention of the Authority.

Authorities and self-regulatory bodies

They promote and supervise the orderly operation of the stock market and its participants in accordance with current regulations. In Mexico, the regulatory institutions are the Ministry of Finance and Public Credit (SHCP), the CNBV, the Bank of Mexico and, of course, the Mexican Stock Exchange.

Satisfies the interest:

• of the company
• savers
• of the State

Stations

The issuers of securities are all those economic entities that go to the Stock Market to obtain financing, placing debt or capital instruments, among the investing public, in order to cover their needs for capitalization, expansion of production plant, capital of work, etc.

The stations can be:

• federal government
• state and municipal governments
• private companies
• parastatal companies
• financial institutions
• investment companies
• specialized investment companies of Savings Systems for Retreat

Markets and stock market instruments

In the Mexican Stock Market it is possible to invest through a large number of instruments that we develop below. These instruments belong to the capital market (mainly, shares and FIBRAs) or to the debt market (government debt or corporate debt). It is also possible to invest directly from the offices of a brokerage house (Monex, Accival, Finamex, Punto, GBM...) or from their online platforms, which are currently highly developed and allow convenient access to financial investment products. (Kuspit, Actinver, GBM+, Finamex). Also, someone can manage the assets of a person, who can turn to financial advisory companies that distribute their assets in a diversified portfolio with active management that maximizes their returns.^{[citation required]}

Capital Markets

• Actions

These are titles that represent part of the social capital of a company that are placed between the large investment public through the BMV to obtain financing. The possession of shares grants its buyers the rights of a partner.

The return for the investor is presented in two ways:

♪ Dividendos that generates the company (the shares allow the investor to grow in society with the company and therefore participate in its profits).

♪ Capital gains, which is the differential - if any - between the price to which it was bought and the price to which the action was sold.

• FIBRAs

They are vehicles for the financing of real estate. They offer periodic payments (returns) and at the same time have the possibility of having capital gains (plus value).

Defined in Article 223 and 224 of LISR: they are trustees that are dedicated to the acquisition or construction of real estate that is intended for the lease or acquisition of the right to receive income from the lease of such property and to grant financing for those purposes.

• Trac’s

TRACs are investment instruments that act in the same way as certain benchmarks.

The Trac ́s operate (purchase-sale) through an account with any Stock Exchange and are negotiated in the Mexican Stock Exchange.

They operate in the same way as actions, that is, they can be bought and sold at any time of the stock session.

However, unlike the actions in which titles are operated directly, in the Trac ́s negotiation, a diversified basket of values from different sectors is acquired in a single operation, thus incurring lower operating costs.

• Global Market

The Mercado Global Bolsa Mexicana is a mechanism designed to list and operate, within the Mexican Stock Exchange, under the regulatory and operating scheme of the International System of Quotations (SIC), values that were not the subject of public supply in Mexico, which are not registered in the Securities Section of the National Securities Registry, and which are listed in foreign securities markets that have been recognized by the National Banking Commission.

Development capital market

• CKDes

Trust titles or values for the financing of one or more projects, by acquiring one or more companies promoted, mainly in sectors such as infrastructure, real estate, mining, business in general and technology development.

The yields are variable and depend on the usufruct and benefit of each project with a certain period of maturity.

Debt market

• Government

• CETES: The Federation Treasury Certificates are titles of credit to the bearer in which the obligation of its transmitter, the Federal Government, to pay a fixed sum of money on a default date is set.
• Udibonos: This instrument is indexed to the National Consumer Price Index (INPC) to protect the investor from inflationary lifts, and is supported by the federal government.
• Developmental bonds: Known as Bondes, they are issued by the federal government.
• I'll pay for Retar Compensation: It is known as PIC-FARAC (because it belongs to the Trust of Support for the Rescue of Concessioned Autopists), it is a payment endorsed by the Federal Government through the National Bank of Works and Services S.N.C. in the capacity of trust.
• BPAS Bonuses: emissions from the Banking Institute for Savings Protection to meet its contractual obligations and gradually reduce the financial cost associated with savings support programmes.

• Short-term Debt Instruments

• Bank acceptances: Bank acceptances are the letter of change (or acceptance) that issues a bank in support of the loan that makes a company. The bank, to be anchored, places acceptance in the debt market, thanks to which it is not supported in the public deposits.
• Commercial paper: It is a negotiable payment issued by companies participating in the stock market.
• I will pay with Liquidable Performance to the Dead: Known as the PRLV's, they are short term titles issued by credit institutions. The PRLV's help to cover bank capture and achieve the internal savings of individuals.
• Certificate of Short Term: It is a credit title that is issued in series or in mass, intended to circulate in the stock market, classified as a debt instrument that is placed at discount or at performance and under the protection of a program, whose emissions can be in pesos, investment units or indexed to the exchange rate.

• Mid-term Debt Instruments

• I'll pay for Mid-term: Debt title issued by a Mexican company with the power to contract liabilities and subscribe credit titles.

• Long-term Debt Instruments

• Obligations: They are instruments issued by private companies participating in the stock market.
• Certificates of real estate participation: Titles placed in the stock market by credit institutions from a trust whose assets are integrated by real estate.
• Certificate of Ordinary Participation: Titles placed in the stock market by credit institutions from a trust whose assets are integrated by movable property.
• Certificate: Medium- and long-term debt instrument, emissions can be in pesos or in investment units.
• I will pay with Liquidable Performance to the Greater Dead at a Year: Known as the PRLV's, they are titles issued by credit institutions. The PRLV's help to cover bank capture and achieve the internal savings of individuals.

Investment Funds

SPAC

Information Center

The Information Center offers for users consultation, stock market and financial data on information related to the issuers and securities listed on the Mexican Stock Exchange, the staff provides support and guidance for locating documents sent by the issuers, according to with the guidelines for its registration and maintenance, in addition, it provides access to statistical, historical and real-time information through consultation terminals that allow the user to follow the market.

Information products and services

The Mexican Stock Exchange has different products for accessing and consulting information directly from the official source of the Mexican stock market.

The products offered by BMV have been developed thinking of satisfying specific information needs.

Through the information services section, the user finds the products that best suit their needs, whether for consultation in real time, deferred, at market close, access to historical databases and much more..

Additionally, the user can consult the collection of publications that contain a wide variety of value-added content, published daily, monthly, quarterly and annually; These contents are found through the Information Center located in the heart of the Stock Market building, where, in addition to internal publications, it obtains Books, Magazines and specialized Publications. In this space, the user can consult the information terminals that allow him to follow the market in real time.

Experience Stock Market

The Bolsa Experience is for university students, for groups of professionals or Institutions. Visits are free and take place Monday through Friday at 10:30 a.m.

The Stock Exchange Experience consists of:

• Institutional video projection BMV Group
• Policy on the structure of Capital Markets, Debt and Derivative Titles (Instruments, Commercial Intermediaries, Emisoras, Regulation, Investors, Scheme and Operating Figures, etc.)
• Question and Response Session
• Group photo taken in the Balcony of Remates Flat
• Tour of the Museum and Timeline
• Information Centre (Bibliotheque)
• A brief practice to see what you learned
• Temporary work at the BMV