Guía de Emisores Acciones BVC ● Guide of Listed Companies 2014 Guía de Emisores Acciones BVC ● Guide of Listed Co | Page 57

Bolsa de Comercio
de Santiago
Santiago Securities
Exchange

After three yeArs of
existence, the integrAted
LAtin AmericAn mArket, which
brings together the stock
exchAnges And centrAL
securities depositories of
coLombiA, chiLe And peru,
is on the roAd to becoming
A regionAL ALternAtive And
A mAjor pLAyer for
foreign investors.
The inTegraTion of counTries has been a major trend since
the mid-twentieth century. A study
by the World Trade Organization
(WTO) revealed that 300 trade agreements were carried out between 1950
and 2010. The capital market was also
affected by this dynamic of building
regional synergies.
On May 30, 2011, the Integrated
Latin American Market (MILA) came
into existence as an initiative conceived in the heart of the Ibero-American Federation of Stock Exchanges
(FIAB), which sought to consolidate
the region’s stock markets and provide
foreign investors with another pivotal
space in Latin America in which to put
its capitals, in addition to Brazil.
Colombia, Peru and Chile, three
of the countries with the best macroeconomic performance in the region,
are in charge of this project, which
after recently completing three
years of operations, is advancing and
helping the three countries’ domestic securities market expansion to
become a reality. Moreover, Mexico
is expected to join the group by the
end of 2014 or in early 2015.

PERSPECTIVAS

MILA

moves miles
ahead

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