Mexico has only one stock exchange, the Bolsa Mexicana de Valores (BMV), which is known internationally as the Mexican Stock Exchange. It is the result of the merger of three stock exchanges which formerly operated in Mexico and is headquartered in Mexico City. It is the second largest stock exchange in Latin America and has a total market capitalization of 530$ billion. The BMV launched a fully electronic trading system in 1999 and lists actively traded companies such as América Móvil, Walmart de México, Grupo Financiero Banorte, Grupo Bimbo and Cemex.
The BMV has a benchmark stock market index called the IPC which consists of 35 representative shares, all large and liquid, of all sectors. It is a broad and representative index covering the Mexican stock market. The BMV is part of the Mercado Integrado Latinoamericano (MILA), which combines the stock exchanges of four countries (Chile, Colombia, Mexico, and Peru) into a single exchange. Their joint market cap is 1.25$ trillion.