Accionamos el futuro

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Gertrude Greene
5 years ago
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1 Accionamos el futuro

2 The new stock exchange in Mexico BIVA s goal is to contribute to the growth of the stock exchange through innovation, state-of-the-art technology, and accessibility. The world s leading economies have been moving towards competition among exchanges, generating better product offers for brokers, investors, and issuers. The goal is to attract a greater number of participants, thus driving the growth and modernization of the securities market. Powered by Nasdaq and it s the most advanced technological platform in the world, the highest execution quality standards is offered. BIVA one of the most advanced exchanges in the world.

3 Attracting more investors and companies will drive a larger and more inclusive securities market.

More than 25 years developing infrastructure for financial markets Central de Corretajes, SAPI de CV (cencor) has contributed to the growth of financial markets in

In February 2013, cencor submitted the project to create a new stock exchange to the Mexican financial authorities.

Banking and Securities Commission (Comisión Nacional Bancaria, CNBV) toward its development. 1993 ENLACE, the first interbank brokerage firm in Mexico.

4 More than 25 years developing infrastructure for financial markets Central de Corretajes, SAPI de CV (cencor) has contributed to the growth of financial markets in Mexico, the United States, and Latin America. The companies comprising this group are Enlace, PiP and MEI. In February 2013, cencor submitted the project to create a new stock exchange to the Mexican financial authorities. Since then it has worked closely with the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público), the Mexican Central Bank, and the Mexican Banking and Securities Commission (Comisión Nacional Bancaria, CNBV) toward its development ENLACE, the first interbank brokerage firm in Mexico PiP, leader in valuation prices in Latin America MEI, institutional brokerage firm, securities lending, and investment platform. In October 2015, cencor formally applied for a concession to organize and operate the Bolsa Institucional de Valores (BIVA), which was granted in August 2017.

5 An innovative, accessible, and inclusive stock exchange

The new stock exchange structure Companies will have the option to list their debt or capital securities on just one of the two exchanges, and their securities will be quoted on both.

6 The new stock exchange structure Companies will have the option to list their debt or capital securities on just one of the two exchanges, and their securities will be quoted on both. Securities will be settled through the current clearing house (Contraparte Central de Valores CCV). Broker dealers will route their orders to either of the exchanges following the principles of best execution which has to consider price, volume, and the probability of execution.

Competition makes markets grow BIVA s entry into the securities market provides the following benefits: It improves service offerings and reduces transaction costs.

7 Competition makes markets grow BIVA s entry into the securities market provides the following benefits: It improves service offerings and reduces transaction costs. It actively promotes the stock exchange. It fosters continuous innovation in trading technology and models. It ensures the market s continuity, giving participants greater security. It represents an accessible and inclusive option for public financing of new companies through market-based debt and/or capital. It generates new modern and inclusive securities indices.

8 The best partner is the public market BIVA s comprehensive value proposition consists of: 1. Trading Modern plans, adhering to international standards Anonymous market Block trading model for handling high volumes with low impact to the market Transparent and efficient determination of closing prices through auctions Personalized monitoring that includes industry, sector, and issuer analyses 3. Market data and indices Connection protocols that adapt to the participants different business models Modern indices, representative of our market and globally distributed in partnership with FTSE Russell Market data with all levels of depth BIM platform for real-time market data 2. Listing and maintenance Prompt and expeditious processes that reduce listing times Attracts a greater number of companies to the market with visibility and liquidity models Value-added services for issuers BIVA-T maintenance program: BIVA understands you, welcomes you and is with you every step of the way

9 Choose to grow

Its platforms are used in more than 70 marketplaces in 50 countries around the world.

10 Partnerships with world leaders in the sector Worldwide leading technology provider for stock exchanges, listings, market data and corporate governance services. Its platforms are used in more than 70 marketplaces in 50 countries around the world. Part of the London Stock Exchange Group (LSEG), is a global leader in indices that measure and benchmark markets in more than 70 countries, covering 98% of the investable capital worldwide.

Mercado Electrónico Institucional started operations in 2005. It offers brokerage services for institutional investors and financial intermediaries.

11 cencor companies have been agents of change in the financial markets w Founded in 1993, as the first interbank brokerage firm in Mexico. The Enlace goal is to disseminate the price of securities in the exchange, debt and derivatives market between banks/ brokerages to facilitate their trade and generate greater liquidity. Mercado Electrónico Institucional started operations in It offers brokerage services for institutional investors and financial intermediaries. MEI also operates platforms for securities lending, auctions and investment fund trading. Proveedor Integral de Precios was created in 2000 as the first company authorized by the CNBV to provide calculation, determination, and pricing services for the daily valuation of financial securities, documents, and instruments. PiP has offices in Mexico, Colombia, Costa Rica, Panama, and Peru, and will soon open offices in Brazil and Chile. Provides advanced technology solutions to the interbank and institutional market community. It covers a wide range of products in money markets, derivatives, and exchanges.

12 Torre Esmeralda II Blvd. M. Ávila Camacho 36 Lomas de Chapultepec Ciudad de México T. +52 (55) biva.mx

International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom 25 April 2011, Madrid

Santiago Cuadra Secretario General International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom Email: commentletters@iasb.org 25 April 2011, Madrid Exposure Draft ED/2011/1