BIVA is the new stock exchange in Mexico.
No, we are going to list companies of all sectors.
No, is an exchange for medium and large companies. /span>
|Capital certificates||SIC (global debt)|
|SIC (global capital)|
|Trading hours||Market sessions|
|07:50:00 - 08:00:00||Cancellation period|
|08:00:00 - 08:30:00||Opening auction|
|08:30:00 - 14:50:00||Continuous market|
|14:50:00 - 15:00:00||Closing auction|
Nothing. All companies that are listed at the BMV, trade automatically in BIVA and vice versa.
Through the Contraparte Central de Valores (CCV) and the Indeval.
Only the broker dealers authorized by the CNBV.
Only the broker dealers authorized by the CNBV that are connected to BIVA. Institutional clients (pension funds, mutual funds, etc.) and individuals can access through a broker dealer.
BIVA has a SIC with the same securities that are listed in the BMV. When a new issuer is listed in the SIC (in BIVA or in the BMV), the security trades automatically in both exchanges.
Through an auction between 14:50:00 - 15:00:00 hrs
An auction consists in an accumulation period in which the orders reflect without a match being made, followed by a random allocation period during the last two minutes of the auction.
The rules for the allocation are the following:
·The price at which most of the volume can be matched.
·If there are two or more prices that can match the highest volume, then the price with the least residual amount is chosen.
·If there are two or more prices with the same residual amount, the closest price to the last trade will be chosen.
·If there are two prices at the same distance of the last traded price, then the largest price is chosen.
The closing price of the exchange in which the security is listed, will be used as the official closing price.
The broker dealers can or cannot accept orders directed to a specific exchange. If there is not an instruction on which exchange to trade, the orders will be sent by the criteria of best execution established by the CNBV (best price, largest volume, and largest probability of execution).
The FTSE BIVA Index.
There isn’t a fixed number of participants; as the Mexican market grows, the number of members will grow along.
There are large, medium, and small cap companies.
Semi-annual reviews, in March and September.
It includes REITs.
As established in the General Rules for Issuers (CUE) and in the Internal Rules of BIVA, the issuer that makes the switch must comply with the following requirements:
Chapter II, Paragraph A of the Internal Rules of BIVA.
As established in the General Rules for Issuers (CUE) and in the Internal Rules of BIVA, the issuer must comply with the following listing requirements:
According to the security type, the issuer must hand to the CNBV and BIVA, the request with the information and documents according to the CUE, for their review.
Approval of the request from the CNBV and BIVA once they comply with all the requirements.
The issuer must make the deposit of the title in the Indeval, through the intermediary.
BIVA makes the listing and public offering of the security.
Chapter II, Paragraph A of the Internal Rules of BIVA..
AWe help companies obtain the greatest benefits from the securities market through our value-added offer focused on innovation, service, and value.
BIM: BIVA’s Market Information. Free access.
DIV:Divulgation system. With automatic alarms to comply with the regulatory obligations, reminding dates and including the documents required.
BIVA Intelligence: customized reports, for a better decision making.
BIVA: Web page with an easy way of searching and exporting information in different formats, including the relevant information published by the companies www.biva.mx
IPO without a preestablished hour to find the best moment to obtain the greatest benefit from the market.
Closing price established by an auction, aligned with the best international practices.
Latest generation indices, that are inclusive and representative. Association with FTSE Russell.
360º accompaniment: Link-up: before, during, and after issuing.
Agile Listing Committee that promotes the market.
Team dedicated to solving problems in a timely manner.
Logistical support for events and auditorium availability.
Auction system for the book-building in debt collocations.
PR, social media, web pages.
Strategic broadcasting in digital and printed media.
Forums with analyst and press, and presence in the BIVA Day.
Live news broadcasting in our offices at the company’s disposal.
Link-up with “key agents”: investors, analysts, investment banks, etc.
Lower fees in listing and maintenance.
Modern and innovative image.
Alliances with global leaders: FTSE Russell and Nasdaq.
Cutting-edge technology: BIVA is one of the most advanced exchanges around the world.
No, the issuers only comply with the regulatory obligations in the exchange they are listed.
- Corporate governance:
- 3 years operating
- Shareholders’ equity of $72 million pesos.
Section 25 from the First Chapter, Third Title, CUE and Chapter II, Appendix A of the Internal Rules of BIVA
Chapter II, Appendix A Section 1 of the Internal Rules of BIVA
Title II, Chapter II from the LMV
No, although different issuances of the same company can be listed in different exchanges.
The best valuation is obtained.
It accelerates the company’s growth.
No se pierde el control.
Control is not lost.
Deep source of equity and debt resources.
Facilitates future sales to shareholders.
Reduces transaction costs when buying-selling shares.