The Mexican Stock Exchange (BMV) has successfully transferred its indices to the S&P Dow Jones Indices, a June 7 news release from S&P Dow Jones Indices said.
The indices, rebranded as S&P/BMV, started being calculated, maintained and distributed by S&P Dow Jones Indices as of June 5, the release said.
"Our strategic partnership will promote global exposure of the Mexican indices while enhancing the customer base; this also represents an opportunity to increase trading flow to the Mexican markets as a result of the innovation of products and the creation of new investment assets," Jose-Oriol Bosch, CEO of the Mexican Stock Exchange, said in the release. "In addition, a renewed governance body will be responsible for implementing policies and practices in accordance with international standards."
S&P Dow Jones Indices CEO Alex Matturi praised the move, citing the two entities' relationship as a global example of how strengths can be complimentary and help participants in the market.
"BMV has an influential presence in the region, and we are proud to unite our index licensing, calculation and distribution capabilities with BMV's long-standing knowledge for the expansion of index-based concepts and measurement of Mexico's capital markets,” Matturi said.