Integrated Latin American Market (Mila)

This past Monday, May 30, the Colombian Stock Exchange (BVC), the Peruvian Stock Exchange (BVL) and the Chilean Commerce Exchange (BCS) initiated trading operations through the Integrated Latin American Market (MILA). The MILA is first in the region by number of issuers, second by market capitalization and third by trading volume. The MILA aims to promote the integration of the three national economies with investment grade status, increase investment options for investors, decrease financing costs for issuers and facilitates financing opportunities through the capital markets, stimulate the creation of new investment vehicles and boost the number of broker spots for capital market intermediaries.

Only equity securities (including stock indices, participations in mutual funds that invest in equity and similar instruments) listed on any of the three stock exchanges may be traded on the MILA. The rights of the securities holders are governed by the rules of the country of original issuance.

The purchase of foreign securities through MILA must be conducted through a local broker that has signed an intermediary routing agreement with a broker located in the country where the securities were originally issued.

The MILA was designed with a second phase to be implemented in the future, in which brokers from any of the three member countries would be allowed to directly initiate trades of securities issued outside their home country.

For further information, please contact:

 Manuel Quinche Gonzzáles      This e-mail address is being protected from spambots. You need JavaScript enabled to view it

              Luis Gabriel Morcillo     This e-mail address is being protected from spambots. You need JavaScript enabled to view it   

                 Robert S. Kuster     This e-mail address is being protected from spambots. You need JavaScript enabled to view it