Mexico’s bourse looks more like a battleground these days than a financial market.
The smoke has yet to clear but heads have already started to roll, beginning with Manuel Robleda’s, the exchange’s president for the past nine years.
Robleda has been forced out following a simmering feud between exchange management and it shareholders over how to revive the market’s sagging fortunes.
After years of being held at bay, the 25 active brokerages with seats on the board of the stock exchange won a partial victory by ousting him.
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