Federación Iberoamericana De Bolsas

What Federación Iberoamericana De Bolsas does

Federación Iberoamericana de Bolsas (FIAB) is a non-profit international federation of stock exchanges, founded on September 27, 1973 in Rio de Janeiro and currently headquartered at the Buenos Aires Stock Exchange building in Argentina. It comprises 25 member exchanges across 16+ Ibero-American countries spanning Latin America, Spain, and Portugal, and serves as the coordinating and representational body for these exchanges. Its mission is to promote the development and convergence of securities markets, facilitate cross-border integration, harmonize norms and practices, and represent members before international organizations such as IOSCO and the World Federation of Exchanges (WFE).

FIAB's core products are knowledge and coordination services rather than technology platforms. These include monthly statistical reports, annual yearbooks (continuous from 1998 to 2023), an Interactive Statistics Dashboard for customizable market data queries, predetermined Statistics Reports covering market capitalization by sector, derivatives, and indices, plus dedicated microsites for sustainability (sostenible.fiabnet.org) and technology mapping (fiabnet.org/mapa.php). The organization also convenes annual General Assemblies (52nd held in Madrid in 2025, 53rd scheduled for 2026) and coordinates working subcommittees on member priorities. It does not develop proprietary technology products or offer public-facing APIs; its systems are largely administrative and member-restricted.

FIAB's business model is membership-funded: it does not have product pricing and does not publish revenue figures. It operates with a small staff of 12 employees under an Executive Committee governance structure, with elected leadership drawn from CEOs and senior executives of member exchanges (President: CEO of nuam; Vice President: CEO of Grupo Bolsa Mexicana de Valores; Secretary General: Chief of Staff of BYMA). Its go-to-market is event-driven — anchored by annual assemblies, quarterly newsletters, and annual statistical publications distributed through its member exchange network. Past development funding has come from multilateral partners, notably the Inter-American Development Bank (IDB) under the Regional Public Goods Program (2005-2008).

Name

Federación Iberoamericana De Bolsas

Legal name

Federación Iberoamericana de Bolsas

Website

https://fiabnet.org

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

Federación Iberoamericana de Bolsas (FIAB) is a non-profit federation of 25 stock exchanges across 16+ Ibero-American countries, founded in 1973 and headquartered in Buenos Aires. It coordinates cross-border securities market integration and publishes regional market statistics.

Ownership category

akta.pro rank

Product category

Securities Exchange Federation Services

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Regulatory Reporting Hubs & Aggregators (Multi-Regime/Multi-Asset) (FSAFAJAF)

akta.pro secondary industry

Regulator/Authority Connectivity & Submission Gateways (APIs, Portals) (FSAFAKAN)

Keywords

• Securities market federation
• Stock exchange coordination
• Market data statistics
• Annual financial reports
• Exchange collaboration network

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

FIAB is a non-profit international federation that coordinates 25 stock exchanges across Ibero-America, promoting collaboration, regulatory convergence, and integration of securities markets. It provides statistical publications including monthly and annual reports, an interactive statistics dashboard, and dedicated microsites covering sustainability and technology mapping for member exchanges in Latin America, Spain, and Portugal.

Product overview

FIAB (Federación Iberoamericana de Bolsas) is a federation of Ibero-American stock exchanges providing coordination, standardization, and market integration services. The organization offers a portfolio of publications and statistical services: Monthly and Annual Reports (historical data from 1998-2023) documenting market performance across member exchanges, an Interactive Statistics Dashboard for customizable market data queries, and predesigned Statistics Reports covering market capitalization, derivatives, and indices. Additionally, FIAB operates sustainability and technology mapping microsites to support member exchange development initiatives. The organization does not offer a public-facing software product but serves as a knowledge-sharing and coordination body for its 24 member exchanges across Latin America and Spain.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and moderate.

• Inter-American Development Bank (IDB)coreStrategic or Co-development Partner · 1 April 2008IDB supported the FIAB's Regional Public Goods Program 'Project of Strengthening and Development of the Regional Securities Market' conducted between 2005 and 2008, laying foundations for cross-border market integration.
• Instituto Iberoamericano de Mercados de Valores (IIMV)coreStrategic or Co-development PartnerIIMV is an institution created to promote progress and modernization of securities markets in Iberoamerica. Established May 20, 1999, by the Spanish Ministry of Economy and Treasury and the CNMV (Spain's securities regulator). Supports joint meetings of Presidents of member entities.
• World Federation of Exchanges (WFE)coreStrategic or Co-development PartnerWFE is the global federation of exchanges. FIAB maintains important cooperation with WFE and other regional federations for market development and standardization.
• CAF - Development Bank of Latin AmericamoderateStrategic or Co-development PartnerCAF is a development bank that cooperates with FIAB on financial market development initiatives in Latin America.
• Americas' Central Securities Depositories Association (ACSDA)moderateStrategic or Co-development PartnerACSDA is a non-profit organization comprising securities depositories and clearing houses in the Americas, headquartered in Lima, Peru. Cooperates with FIAB on regional market infrastructure.
• FIAFIN - Ibero-American Federation of Investment FundsmoderateStrategic or Co-development PartnerFIAFIN cooperates with FIAB on investment fund market development and integration initiatives.
• International Organization of Securities Commissions (IOSCO)moderateStrategic or Co-development PartnerIOSCO brings together securities regulators worldwide. FIAB cooperates with IOSCO for regulatory harmonization and standards.

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• B3 (Brasil, Bolsa, Balcão): B3 is the dominant Latin American exchange operator and a FIAB member. It sits in FIAB's Executive Committee through its International Relations Superintendent and represents the largest integrated market infrastructure in the region, illustrating the type of organization FIAB aggregates.
• Bolsa Mexicana de Valores (BMV): BMV is the Mexican exchange operator whose CEO (Jorge Alegría) serves as FIAB's Vice President. BMV is one of the largest FIAB members and exemplifies the type of established exchange that the federation convenes.
• International Organization of Securities Commissions (IOSCO): IOSCO is the global body of securities regulators, of which FIAB is not a member but a strategic partner. As a higher-tier standards-setting body, IOSCO provides the regulatory framework FIAB's harmonization efforts ultimately feed into.
• World Federation of Exchanges (WFE): Global federation of exchanges and FIAB's most direct counterpart at the global level. WFE represents ~250 exchanges and CCPs and is already a strategic partner of FIAB, making it the most natural comparator for federation-level cooperation across regions.
• BME (Bolsas y Mercados Españoles): BME is the Spanish exchange operator and a FIAB member whose CEO (Juan Flames) sits on FIAB's Executive Committee. As part of the SIX Group, BME is one of the most established FIAB members and one of the most developed exchanges in the federation.

Direct peers

• Federation of European Securities Exchanges (FESE): FESE represents European exchange operators and advocates for harmonized capital markets regulation in the EU. Like FIAB, it is a non-profit federation coordinating among national exchanges across a multi-country region, providing the clearest structural analog for FIAB in a different geography.
• Americas' Central Securities Depositories Association (ACSDA): ACSDA is the federation of central securities depositories across the Americas, an existing strategic partner of FIAB. It is a closely adjacent non-profit federation operating regional post-trade infrastructure coordination, making it a near-direct peer in mission and governance.
• Ibero-American Federation of Investment Funds (FIAFIN): FIAFIN represents investment fund associations across Ibero-America and is a formal partner of FIAB. It shares the same non-profit federation model, regional scope, and regulatory harmonization mandate, differing mainly by asset class.
• African Securities Exchanges Association (ASEA): ASEA is the pan-African federation of stock exchanges, with a comparable mandate to FIAB: coordinating multiple national exchanges, producing market statistics, and promoting regional integration. ASEA's developing-market footprint and member-driven model parallel FIAB's structure.
• Asian Securities and Derivatives Federation (ASDF): Regional federation coordinating securities market development across Asia. ASDF mirrors FIAB's role in standards harmonization, statistical reporting, and convening exchanges across multiple jurisdictions within a heterogeneous region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/federaci%C3%B3n-iberoamericana-de-bolsas

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Federación Iberoamericana De Bolsas