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News

Chile, Colombia, Peru Integrated Exchange to Start May

Bogotá, Lima, Santiago April 30, 2011

The integrated bourses of Chile, Colombia and Peru will begin trading next month, as part of their plan to create the second-largest bourse in Latin America by market value after Brazil.

Mercado Integrado Latinaomericano, or Mila, as the integrated exchange has been named, is scheduled to begin joint operations May 30, after completing a four-week preparation phase which will last four weeks and will begin April 25, the bourses said in an e-mailed statement.

 “This decision was taken after the successful completion by the exchanges and clearinghouses of two test phases,” the statement said.

The integrated bourses would have total market value of

$633 billion, surpassing Mexico’s $492 billion and behind Brazil’s $1.6 trillion, according to data compiled by Bloomberg.

Fuente: Bloomberg