Latin America’s two biggest equity markets have agreed to integrate as part of a pilot scheme to bolster liquidity in the region. The São Paulo stock exchange (Bovespa) and its Mexico City counterpart (Bolsa Mexicana de Valores – BMV) will allow investors in the two countries to buy shares in each other’s markets. It will be the first example of market integration in Latin America.
Under the scheme, which should get under way in January, Brazilian investors will be able to buy Mexican stocks from Brazilian brokers, and vice-versa.
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