Via The Financial Times:
The Mexican stock exchange, Bolsa Mexicana de Valores or BMV, has signed a letter of intent to join the Chilean, Peruvian and Colombian bourses in Latin America’s first stock market group.
The objective would be to give the Mercado Integrado Latino Americano (Mila) or Integrated Latin American Market, a significant uplift in trading and initial public offerings, as these regional bourses follow the global trend of stock market integration in recent years .
Mexico's Bolsa Mexicana de Valores is the second-largest exchange in Latin America after Brazil's BOVESPA, with a total market capitalization of more than $450bn. With Mexico on board, it's expected that Mila’s combined market capitalization will exceed $1,000bn.
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