Authorities from the Mexican Stock Exchange decided not to go ahead with the implementation of the new trading rules for crosses done on the BMV. The Equities Committee asked the authorities late last Friday to postpone the changes until January of next year in order to avoid “technical risks” in the implementation.
Authorities had originally planed for today, changes to trading rules in the BMV. Where crosses in any stock that tradeded on the Mexican Stock Exchange would be left to cross “clean” (as in without interference from other brokers) as long as the cross is executed at a price between the bid and offer, and as long as it was less than 50% of the average traded volume of the last six months in a particular stock. The changes to these rules would have very likely facilitated trading in the MSE and increase liquidity on the market.
Source: IXE, 30.11.2009
Filed under: BMV - Mexico, Exchanges, Latin America, Mexico, News , BMV Bolsa Mexicana de Valores, Exchanges, IXE, Mexico, Regulation
