What is the 'Mexican Stock Exchange (MEX) .MX'

The Mexican Stock Exchange (MEX) .MX (Bolsa Mexicana de Valores, or BMV), headquartered in Mexico City, is the full service securities exchange of the country, dealing in cash equities, derivatives and fixed income products. Established in 1886 as the Mexican Mercantile Exchange, it adopted its current name in 1975 and is presently the second-largest stock exchange in Latin America in terms of market capitalization of listed companies (after Brazil). Its trading system became fully electronic in 1999. Other milestones were the first listing of a foreign company (Citigroup) in 2001 and an initial public offering of the shares of the stock exchange in 2008.

BREAKING DOWN 'Mexican Stock Exchange (MEX) .MX'

The types of securities exchanged through the Mexican Stock Exchange (MEX) .MX include stocks, debentures, government and corporate bonds, warrants and other derivatives. Shares of initial public offerings are made available through the BMV. The Mexican Stock Exchange's roles include facilitating securities trading, clearing, settlement and custody; making securities information available to the general public; promoting fair market practices; and ensuring transparency.

Some of the main requirements for listing on the exchange are 200 shareholder minimum, three previous consecutive years of profits, and at least 15% of the shares held by the public. The National Banking and Securities Commission is the main regulator of the Mexican Stock Exchange.

Top Listings on the Exchange

The S&P/BMV IPC Index represents the largest and most liquid stocks on the stock exchange. The consumer staples, materials, financials, telecommunication services, industrial, consumer discretionary and utilities sectors comprise the index, which is reflective of the broader economy. Grupo Mexico SAB, America Movil SAB, Grupo Bimbo SAB, Fomento Economico Mexicano SAB, Grupo Televisa SAB, Wal-Mart de Mexico SAB and Cemex SA are some of the prominent companies listed on the exchange. There were approximately 150 companies in total on the exchange at the end of 2017 with an aggregate market capitalization of over US$500 billion.

  1. Regional Stock Exchange

    A regional stock exchange is a place outside of a country's primary ...
  2. Exchangeable Security

    An exchangeable security is a security that can be exchanged ...
  3. Equity Market

    An equity market is a market in which shares are issued and traded, ...
  4. Listing Requirements

    Listing requirements comprise the various standards established ...
  5. Tequila Effect

    The Tequila Effect, also known as the 1994 Mexican Peso Crisis, ...
  6. Primary Listing

    A primary listing is the main stock exchange, such as the New ...
Related Articles
  1. Investing

    Who Owns The Stock Exchanges?

    As M&A heats up among the exchanges, here's how the market currently looks.
  2. Investing

    The Top 3 ETFs For Investing in Mexico (EWW, AMX)

    Discover some of the most popular exchange-traded funds available that offer investors exposure to the economy and stocks of Mexico.
  3. Investing

    Stock Exchanges Around The World

    We tell you about five of the most popular stock exchanges from around the globe.
  4. Financial Advisor

    Want To Invest In Mexico? Start With The EWW ETF

    The iShares MSCI Mexico Capped ETF (EWW) is one-stop shopping for your exposure to a growing Mexican economy. Here's a look.
  5. Investing

    Mexico’s FEMSA Posts Mixed Earnings

    Coca-Cola's Mexican bottler offers a cautious outlook for 2017 in light of Trump headwinds.
  6. Investing

    Rebounding Peso Powers Mexico ETF

    The Mexico ETF is soaring in 2017, and the rebounding peso is a big reason why.
  7. Insights

    Carlos Slim's Net Worth

    How did Carlos Slim Helú get to be so wealthy? A look at his road to success.
  8. Retirement

    Going Back to Mexico to Retire: A How-to Guide

    Looking to spend your post-working days in your own or your parents’ birthplace? Here is what you need to know to plan your move.
  1. What are all of the securities markets in the U.S.A?

    Learn about the major and somewhat lesser-known U.S. financial securities markets. Read Answer >>
  2. What does it mean when my broker says that shares are for auction?

    An auction market is one in which stock buyers enter competitive bids and stock sellers enter competitive offers at the same ... Read Answer >>
  3. Who facilitates buying and selling on the primary market?

    Learn more about the primary marketplace -- home of initial public offerings -- and the major players that make buying and ... Read Answer >>
  4. What exactly is being done when shares are bought and sold?

    Most stocks are traded on physical or virtual exchanges. The New York Stock Exchange (NYSE), for example, is a physical exchange ... Read Answer >>
  5. How does the balance of payments impact currency exchange rates?

    Take a brief look at the relationship between a nation's balance of payments and the exchange rate value of its currency ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A yield curve is a line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but ...
  2. Portfolio

    A portfolio is a grouping of financial assets such as stocks, bonds and cash equivalents, also their mutual, exchange-traded ...
  3. Gross Profit

    Gross profit is the profit a company makes after deducting the costs of making and selling its products, or the costs of ...
  4. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  5. Intrinsic Value

    Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, and may differ ...
  6. Current Assets

    Current assets is a balance sheet item that represents the value of all assets that can reasonably expected to be converted ...
Trading Center