Mexico Stock Exchange to Link With LatAm Bourses Gabriel Stargardter - Reuters
go to original June 20, 2014

NUEVO VALLARTA - Mexico's stock exchange said on Thursday it will be connected to bourses in Chile, Colombia and Peru by year-end through the Latin American Integrated Market, or MILA, nearly doubling the size of the bloc.

MILA was formed in 2011 to boost market liquidity within the Pacific Alliance trade grouping, and the tie-up aims to create more business for the financial markets in the region.

"The Pacific Alliance will have in MILA's bourses an effective instrument of economic integration," said Luis Tellez, head of Mexico's bourse.

At the end of last year, the combined valued of the four countries' stock exchanges was $1.1 trillion, Tellez said.

According to the World Federation of Exchanges, Mexico's stock market is nearly as big as those of the three Andean countries combined.

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