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Mercado Integrado Latinoamericano
Program to integrate the stock exchange markets of Chile, Colombia and Peru
Program to integrate the stock exchange markets of Chile, Colombia and Peru
| Field | Value | ||
|---|---|---|---|
| name | MILA | ||
| nativename | Mercado Integrado Latinoamericano | ||
| logo | [[File:Mila logo.svg | 250 px | alt=The logo of MILA]] |
| type | Stock exchange | ||
| city | Santiago, Chile | ||
| Bogotá, Colombia | |||
| Mexico City, Mexico | |||
| Lima, Peru | |||
| founded | |||
| currency | Chilean peso, Colombian peso, Mexican peso, Peruvian sol | ||
| listings | 712 | ||
| mcap | USD 836.271 billion (April 2016) | ||
| volume | USD 174.052 billion (Jan-Dec 2015) | ||
| indexes | COLCAP (Colombia) | ||
| IGBVL (Lima) | |||
| IPC (Mexico) | |||
| IPSA (Santiago) | |||
| homepage | [mercadomila.com](http://mercadomila.com/) |
Bogotá, Colombia Mexico City, Mexico Lima, Peru IGBVL (Lima) IPC (Mexico) IPSA (Santiago) The Mercado Integrado Latinoamericano, more commonly known as MILA, is a program that integrates the stock exchange markets of Chile, Colombia, Mexico, and Peru. The three founding members are the Lima Stock Exchange, the Santiago Stock Exchange, and the Colombia Stock Exchange. The integration aims to develop the capital market through the integration of the four countries, to give investors a greater supply of securities, issuers and also larger sources of funding.
MILA is largely a part of economic integration efforts among the Pacific Alliance member countries of Chile, Colombia, Mexico, and Peru. With the successful integration of the Mexican Stock Exchange with the Chilean, Colombian, and Peruvian bourses MILA has become Latin America's largest stock exchange.
Investors are able to access MILA through one of the registered brokers that have access to the common trading platform for buying and selling stocks in any of the three countries. In the same way, the companies participating in MILA have increased availability to capital by means of new investors.
History
In September 2009, an agreement was signed by the Colombia, Chile, and Peru Exchanges, to create a unique market, with the objective to unite the equity trading platforms and in this way concentrate a bigger number of issuers, investors, and intermediaries.
The formal ceremony was held in the location of BVL in Lima. The MILA started officially operations on May 30, 2011 as the second biggest market of Latin America in market capitalization with US$720 billion, and the third largest market in trading volume in the region with US$87,000 million a year.
The Mexican Stock Exchange, BMV, announced its first trade made as part of MILA on 2 December 2014. The trade on MIILA was a $1,415 purchase of 200 shares in Chilean retailer Falabella, executed by GBM Mexico through GBM Chile. With the entry of Mexico into MILA, the integrated stock market now counts 798 issuers among the four countries, making it the biggest market by number of listed companies in Latin America, and the biggest in terms of market capitalization, according to the World Federation of Exchanges. The joint capitalization of the four bourses tops US$1.25 trillion, making it larger than the US$1.22 trillion BM&F Bovespa.
References
References
- http://www.mercadomila.com/home/milanews{{Dead link. (May 2025)
- "Valores Bancolombia - Comisionista de Bolsa".
- "Integración | Mercado Integrado".
- "Anuncios y avisos de Venta y alquiler de casas, departamentos, terrenos, oficinas, locales comerciales, en Diario16 Perú".
- "Bolsa de Valores de Lima inicia este lunes sus operaciones como parte del Mercado Integrado Latinoamericano | AméricaEconomía - el sitio de los negocios globales de América Latina".
- Jude Webber. (2 December 2014). "Mexico exchange names Sacristán as new head". Financial Times.
- Peter Kohli. "The Andean Exchange: A Developing Market Opportunity In Our Backyard". Nasdaq.
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