Grupo BMV

What Grupo BMV does

Grupo BMV (legal name Bolsa Mexicana de Valores, S.A.B. de C.V., ticker BOLSA A) operates Mexico's primary securities exchange and is the second-largest stock exchange in Latin America with over $530 billion in listed market capitalization. The group operates cash equity, listed derivatives, and OTC markets through an integrated subsidiary structure that includes MexDer (derivatives), Asigna (derivatives clearing), Indeval (securities depository), CCV (central counterparty), Valmer (valuation), SIF (debt trading), and Bursatec (trading technology). Core infrastructure comprises the MoNet electronic trading engine for order matching, BMV-SENTRA for debt and capital market trading, and EMISNET for issuer disclosures; the group is migrating trading and clearing to Nasdaq Eqlipse with cloud infrastructure under a MXN 500 million 2026 CapEx plan, and in November 2025 launched Mexico's first central counterparty for fixed income bonds.

Monetization combines listing and admission fees (including a simplified issuer process launched late 2023 that has attracted mid-cap names such as Aeromexico, Banamex, and the residential FIBRA Fibra Park Life), transaction and market-maker fees on 30+ brokerage firm members routing order flow through MoNet, market data sales via INTRA, SIBOLSA, Databases, and Web Solutions, and licensing of S&P/BMV indices (notably the S&P/BMV IPC) for use as ETF, structured-product, and swap underlyings. Distribution is intermediated: the exchange serves corporate issuers (domestic, foreign, and FIBRAs), brokerage firms, retail investors via the SIBOLSA app and Mexican Stock Exchange School, and institutional investors accessing foreign securities through the International Quotations System and the MILA cross-border alliance with Colombia, Peru, and Chile. Full-year 2025 revenue reached MXN 4.5 billion (up 7% year-over-year) with MXN 2.5 billion EBITDA at a 56% margin.

Name

Grupo BMV

Legal name

Bolsa Mexicana de Valores, S.A.B. de C.V.

Website

https://bmv.com.mx

Company type

Public

Founded year

1933

Operating status

Operating

Headcount range

101–250 employees

Short description

Grupo BMV operates Mexico's primary securities exchange, providing trading, clearing, settlement, custody, and market data infrastructure across equities, fixed income, and derivatives for corporate issuers, brokerage firms, and institutional and retail investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Cuauhtémoc

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Listing and Admission Fees: Companies pay listing fees to be admitted and maintain securities on the exchange. The exchange offers simplified listing rules launched in late 2023 to attract mid-sized companies and high-profile names like Aeromexico and Banamex.
2. Trading and Transaction Fees: Brokerage firms execute trades through MoNet system and pay transaction fees. The exchange also collects trading fees for market data and order flow.
3. Index Licensing: BMV calculates and publishes indices under trademark listings. Companies and financial institutions pay licensing fees to use BMV indices as underlying for ETFs, structured products, swaps and other financial instruments.
4. Market Data Products: Sale of closing prices, indexes, rights, traded volume, financial information through INTRA, SiBolsa, Databases and Web Solutions products
5. Information Products: Online Publications, Market Data feeds and specialized information services for investors and financial institutions

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Grupo BMV operates Mexico's primary securities exchange group, providing organized marketplaces for equities, derivatives, and fixed income instruments through electronic trading systems (MoNet and BMV-SENTRA). It delivers end-to-end post-trade services via subsidiaries Indeval (depository), Asigna (derivatives clearing), and CCV (central counterparty), and monetizes market data and a family of S&P/BMV indices licensed for ETFs, structured products, and global derivatives.

Product overview

Grupo BMV (Bolsa Mexicana de Valores) operates as a fully integrated exchange group providing comprehensive securities market infrastructure. The core platform comprises multiple interconnected systems: MONET serves as the electronic trading and transaction system; BMV-SENTRA Capitals handles equity trading while BMV-SENTRA Debt Securities manages fixed income operations; and Asigna/Indeval/CCV provide post-trade clearing, settlement, and custody services. Information products include SIBOLSA (retail investor platform), INTRA (market data), Databases, Online Publications, and Web Solutions. Derivatives trading operates through MexDer with Asigna clearing. The company also licenses its S&P/BMV IPC and related indices for structured products, offers custom index creation, and operates the MILA cross-border market integration connecting Latin American exchanges. EMISNET supports issuer regulatory filings, while a Market Maker Program enhances liquidity for listed securities.

Differentiator

Problem solved

Functional benefit

Products and services

• SIBOLSA Online trading and market data platform providing retail investors real-time stock market data, charts, key indicators, and investment access.
• INTRA Market Data Real-time and delayed market data product distributing information on securities, indices, and trading activity for institutional and retail subscribers.
• Historical and Statistical Databases Databases containing closing prices, indexes, rights, traded volume, and financial information for research and analytical use.
• Online Publications Digital publications and reports including market bulletins, statistical data, and regulatory information distributed to market participants and investors.
• Web Solutions Web-based information services and data solutions enabling market data distribution and integration for financial institutions.
• S&P/BMV IPC and Related Indices Family of stock market indices including the flagship S&P/BMV IPC and sector-specific variants (IPC ESG, IPC CompMx, IPC LargeCap, IPC MidCap, INMEX, FIBRAS, Dividends) maintained jointly with S&P Dow Jones Indices and used as underlyings for financial instruments.
• Index Licensing and Custom Indexes Trademark usage licensing allowing companies to issue financial instruments based on BMV indices, plus tailored index design and calculation services according to client requirements.
• MexDer Derivatives Exchange Mexican Derivatives Exchange operating futures and options markets on financial instruments including the Mexican peso and equity underlying.
• Asigna Derivatives Clearing Central counterparty clearing house providing clearing, settlement, and risk management services for derivatives traded on MexDer.
• Indeval Securities Depository Securities depository providing custody, clearing, and settlement services for securities traded on the Mexican exchange.
• CCV Central Counterparty Central securities counterparty providing risk management and guarantee services for cash market transactions on BMV.
• Valmer Valuation Services Valuation and risk assessment services for securities and investment portfolios.
• TRACs (Equity-Linked Certificates) Exchange-traded certificates (Títulos Referenciados a Acciones) representing equity investment trusts that replicate the behavior of underlying stocks or portfolios, similar to ETFs.
• Market Maker Program Program authorizing brokerage firms to promote liquidity and establish reference prices during trading sessions for specific securities in exchange for market maker designation.
• Global Market (Mercado Global) / SIC International Quotation System providing Mexican investors access to foreign securities and enabling cross-border trading through standardized protocols.
• Central Counterparty for Fixed Income Bonds Central counterparty clearing service for fixed income bonds enabling electronic trading and centralized clearing, representing Mexico's first CCP for fixed income.
• Simplified Issuer Listing Process Simplified listing process with reduced requirements launched in late 2023 for mid-sized companies and high-profile names such as Aeromexico and Banamex.

Quantifiable outcome

• Second largest exchange in Latin America with over $530 billion market cap
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Four partnerships are on record, tiered minor, core and major.

• Lima Stock Exchange (BVL)minorStrategic or Co-development Partner · 1 January 2013Through subsidiary Participaciones Grupo BMV, acquired approximately 5.9% of A Series shares of the Stock Exchange of Lima (BVL) with strategic alliance for joint market development.
• MILA (Mercado Integrado Latinoamericano)coreStrategic or Co-development Partner · 1 January 2011Strategic alliance with Colombia (BVC), Peru (BVL), and Chile (Santiago Stock Exchange) stock exchanges to develop joint activities and business for the Latin American securities markets. Enables cross-border trading of securities across member exchanges through standardized protocols.
• CME Group (Chicago Mercantile Exchange)majorStrategic or Co-development Partner · 1 January 2010Alliance with the world's largest derivatives exchange to bring Mexican derivatives to international investors, expanding market reach beyond domestic participants.
• S&P Dow Jones IndicescoreStrategic or Co-development PartnerJoint index committee with S&P Dow Jones Indices maintaining S&P/BMV indices including the flagship S&P/BMV IPC. Indices are used as underlying for ETFs, structured products, and derivatives globally.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CME Group: CME Group is the world's largest derivatives exchange and clearing operator and is BMV's strategic partner for international distribution of Mexican derivatives. Comparable through its derivatives-focused exchange and clearing model and its role in cross-border product distribution for MexDer.
• B3 (Brasil, Bolsa, Balcão): B3 is Brazil's main exchange operator, running cash equities, derivatives, fixed income, and FX markets through a similarly integrated trading, clearing, and settlement structure. It is the most directly comparable Latin American exchange to BMV in product breadth, revenue mix, and integrated group model.
• Bolsa de Valores de Lima (BVL): BVL is Peru's main stock exchange and a MILA partner in which BMV holds approximately 5.9% of A Series shares. Directly comparable as a regional integrated exchange and a key node in BMV's Latin American cross-border strategy, making it both a partner and a competing venue for Peruvian listings.
• Bolsa de Valores de Colombia (BVC): BVC is Colombia's main securities exchange and a core MILA partner of BMV, connecting cross-border trading flows between Mexico and Colombia. Comparable in operating model and emerging-market positioning, and competes with BMV for regional listings and index-linked product distribution.
• Bolsa de Santiago: Bolsa de Santiago is Chile's principal stock exchange and one of BMV's three MILA alliance partners. Directly comparable in business model (cash equity, fixed income, derivatives, indices) and as a regional integrated exchange serving a smaller Latin American market with cross-border linkages to BMV.

Broad incumbents

• Japan Exchange Group (JPX): JPX operates the Tokyo Stock Exchange and Osaka Exchange, with integrated cash, derivatives, and clearing businesses and a strong licensing franchise around TOPIX. Comparable to BMV as an Asian regional integrated exchange group with similar product breadth and revenue model.
• NYSE / Intercontinental Exchange (ICE): ICE operates the NYSE and a global network of exchanges and clearing houses spanning equities, derivatives, fixed income, and data services. Comparable to BMV as a multi-asset exchange operator with deep index licensing and clearing franchises, but at far larger scale and with global footprint.
• Hong Kong Exchanges and Clearing (HKEX): HKEX operates Hong Kong's cash, derivatives, and commodities markets alongside clearing and depository businesses and is a key gateway for international capital into emerging Asia. Comparable to BMV as a multi-asset exchange operator connecting domestic issuers with global investors through index-linked products.
• Deutsche Börse: Deutsche Börse operates the Frankfurt Stock Exchange, Eurex derivatives exchange, Clearstream post-trade infrastructure, and a major index business (STOXX/DAX). Comparable to BMV as an integrated exchange group with cash equities, derivatives, clearing, and indices under one corporate roof.
• Nasdaq, Inc. Nasdaq operates US and Nordic equity exchanges, clearing, and the largest index licensing franchise (including the Nasdaq-100). BMV is migrating its trading and clearing platforms to Nasdaq Eqlipse technology, making Nasdaq both a technology partner and a strategic competitor in index licensing and exchange services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/GrupoBMV
• Xx.com/bmvmercados
• LinkedInlinkedin.com/company/bmv

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo BMV