The Mexican Stock Exchange (BMV) and Standard & Poors Dow Jones Indices (S&P DJI), one of the world’s leading providers of financial market indices, announced on Thursday May 14th, that they have signed an agreement to license all of the BMV indices including their flagship index, IPC (Indice de Precios y Cotizaciones) – the broadest indicator of the BMV’s overall performance. A signing ceremony was conducted at the Exchange.
This agreement aims to achieve an integration of operational processes between the institutions, a business strategy which allows for the expansion of clients globally, and the development and licensing, distribution and administration of new indices. In addition, the indices will be governed by an index committee composed of employees from both S&P DJI and BMV, which will sponsor the adoption of international practices.
According to the agreement, the BMV will transition the index calculation of its indices to S&P DJI over time ensuring a smooth transition that will have minimal impact to existing and new clients. S&P DJI will be responsible for the commercial licensing of the indices and the end-of-day data while the BMV will continue to commercialize real-time index data. As part of the agreement, all current BMV indices will be co-branded S&P/BMV.
A signing ceremony took place today at the Exchange and was attended by Jose-Oriol Bosch Par, the General Director (CEO) of the Grupo BMV and Alex Matturri, the CEO of S&P Dow Jones Indices.
“Today is a very exciting day for S&P Dow Jones Indices as we officially embark on our joint strategic initiative with the BMV to bring a deeper lineup of index choices to the Mexican financial markets,” says Alex Matturri, CEO of S&P Dow Jones Indices. “Combining the BMV’s internationally recognized benchmarks with the global marketing, commercial licensing, and calculation prowess of S&P Dow Jones Indices will result in a new era of index based measurement and investing in Mexico.”
Moreover, Jose-Oriol Bosch commented, “We are very pleased to execute this agreement, associating the BMV with a global company with extensive experience in the creation and administration of financial market indices. We already have a similar agreement for fixed income indices through Valmer, and now via this agreement, will be able to leverage the distribution, capacity, and reach of S&P Dow Jones Indices’ internationally recognized brand and indexing capabilities.”
- For more information on S&P Dow Jones Indices, please visit: www.spdji.com.
- For more information on the BMV, please visit: www.bmv.com.mx.
more recommended stories
What Spring Breakers need to know about the U.S. government’s Mexico Travel Advisory
The United States government is warning.
AMLO to help “El Chapo” family seek US humanitarian visas
Mexican President Andres Manuel Lopez Obrador.
Save the Yucatecan Possum: a master of survival
The opossum, tlacuache or “zorro” as.
Frozen strawberry shipment from Mexico contained $12.7 million USD worth of meth
A commercial shipment of frozen strawberries.
Club Sibarita: A national gastronomic encounter in Yucatán
Jean Philippe Guillot, co-founder of the.
“You will be captured”. Yucatan Chief of Police
The Ministry of Public Security of.
Historic Canadian investment for Southern Quintana Roo
TORONTO (CGC).– Quintana Roo´s governor Carlos.
Mexico’s National Guard unanimously approved by Senate (it won’t be military-led)
(Reuters) – On Thursday February 21st,.
Mexico’s national anthem to be sang in Maya language
As part of a select group,.
As usually for the last 30 years, Cancun will draw thousands of college students for “Spring Break 2019”
College students all over the US and.