Mexico City /
Following the approval of the secondary regulation of the Securities Market Law, Jorge Alegríadirector of the Mexican Stock Exchange (BMV), pointed out that this new framework will give rise to the companies can access more efficient and cheaper financing.
The representative of the BMV indicated in his participation in the podcast “Financial North” Banorte Financial Groupthat this secondary regulation approved on September 5 is a step in the right direction.
“These new rules, which were just approved a little over two weeks ago, will allow, and it is a very important step in the right direction, they will allow more companies to search in an easier, cheaper, more efficient way.” financing in the stock market via debt and also via equity,” he said Happiness.
He commented that this change is “a good sign from the country’s financial authorities”and which was well received by different intermediaries as well as by potential issuers.
The derivatives market can be a booster for the stock market, since this sector has a large area that could be explored. investors.
“For me now in the role of head of the Mexican Stock Exchange It is very interesting to see that the derivatives market, for example, in Mexicothe market for these instruments is enormous.”
“The use of derivatives, which today is very important, what we are looking for is also, being very efficient in the administrative services of derivative instruments and their guarantees, local investors, mainly, will prefer to stay in Mexico”he added.
BMV, with its sights set on the young market
Happiness He highlighted that one of the strong points of the head of the BMV will be to continue with innovation and technological adoption within the institution, with the objective of attracting young segments to the national stock market.
With this objective, he indicated that a project related to the “Market Data” to provide investors with much more complete information on different portfolios.
“At the stock market we are developing a much more ambitious market data project to feed these algorithms, artificial intelligence and portfolio management with more information that we have in the stock market,” he noted. Happiness.
Another point to strengthen is the retail and retail segment, since this is a trend that is observed in other stock exchanges worldwide and that already shows results in their growth.
Elections in Mexico and the US gave uncertainty
In his participation, Happiness He added that the negative behavior shown by the BMV This year it is largely due to the electoral process that took place in the country and the upcoming presidential elections in USA.
He added that as the effect of these political issues passes, the stock market will once again be cautious and perform better next year.
“It is no secret to anyone to see the price levels shown by the Mexican stock market, measured by its main indicator, the CPIthe index of the Mexican Stock Exchange, has had a year with negative behaviors that contrast with the behaviors of other markets,” he added.
“And this, in some way, can be understood by general caution to invest in the stock market, let’s hope this changes. We have recently seen a small change in trend and a recovery in share price levels,” he concluded.
M.R.A.
