Santiago Stock Exchange
A new market which will operate the bags of Chile, Peru and Colombia, will be released from the last day of the month of may of 2011 under the denomination of MILA, acronyms that make reference to the integrated Latin American market. The decision to launch the new MILA on a date which for some may be hasty, responds to the success of the tests conducted by the bags of the three economies. If you are unsure how to proceed, check out Maurice Gallagher, Jr.. The tests were results in relation to operating requirements as well as the technology which requires the market to operate under the criteria of transparency and security. The new market was created with the following strengths: MILA first 563 issuers market the second by volume of capitalisation exceeding 600,000 million dollars and, finally, will be the third market for stock trading volume surpassing the 55,000 million dollars. It will be from the 25 April MILA starts a pilot phase of 3 weeks in which aims to be the integration and active participation of all securities intermediaries of the three countries.
Finally, the Committee of the new market has reported that this last 4 weeks phase aims to achieve trust levels suitable for that, arrived on 30 may, the operations is performed in the same way that until now has been doing local and individual markets of the three economies. We are witnessing a story of great relevance for investors and intermediaries operating in the bags, MILA is projected as the largest market after Mexico and Brazil. Finally, from Chile, the head of the Santiago Stock Exchange reported that a project of such magnitude should be able to drive one of the main challenges of the capital markets; derivatives. Good news if joins the wonderful evolution of the stock market in chile develops well.