After years of discussions, Latin America’s Federación Iberoamericana de Bolsas (FIAB – federation of stock exchanges), with support from the Washington-based Inter-American Development Bank (IDB), is due to launch a regional stock market initiative in the next few months. This will, for the first time, allow brokers in Mexico to offer investors a sample of Brazilian stock, in addition to shares listed on Mexico City’s exchange; and likewise, give brokers at Bovespa, Brazil’s main stock exchange in Sao Paulo, the opportunity to sell Mexican stock alongside Brazilian offerings.
Small fry? Decidedly, when compared to the consolidations and outright mergers now occurring between European and US bourses.
