An upcoming Mexican trading venue taking on incumbent bourse BMV believes it can add supply to the country’s securities lending market.
BIVA, short for Bolsa Institucional de Valores, has been in the works four years now but is set to launch later in 2017 and operate a full fledge stock exchange, subject to regulatory approvals.
It would then leverage the assets of its holding company, Cencor, which runs an interdealer broker business, fair value price provider, institutional broker and securities lending platform, MEI.
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