The Mexican Stock Exchange (Bolsa Mexicana BMV) has released its 2010 financial results, which were driven by increased trading volume and greater market access.
Total 2010 revenues rose to 1,890.8 million pesos (US$155.2 million), a nearly 22% jump over 2009.
The exchange says the revenue boost was due to increased cash market activity, which impacted BMVs cash equity and custody businesses; the recovery of the derivatives market; and increased access by international market participants.
2010 was indeed a banner year for the BMV Group as we saw an increase in interest in our markets and witnessed impressive growth in trading volume following a concerted effort to streamline market access to new pools of potential traders, says Luis Tllez, chairman and CEO of BMV Group. Most importantly, we have put ourselves in position for growth in the future with further market enhancements and connections to international capital markets.