Download: Bolsa de Santiago de Chile whitepaper on opportunities and challenges in financial markets integration
Andres Araya Falcone, Chief Information Officer at Bolsa de Santiago de Chile, provided this whitepaper, ‘Opportunities and challenges in financial markets integration: The MILA case.’
In September 2009, three Latin-American stock markets and their respective Central Securities Depositories (CSDs) signed an agreement to integrate their equity markets. The Latin-American Integrated Market (MILA) was formed as a result, allowing brokers in Colombia, Peru and Chile to trade securities listed on any of the exchanges directly from their local terminals alongside the locally listed stocks.
MILA officially opened for business in May 2011. Since its launch 50% of trades correspond to transactions in Colombian equity securities, 49% correspond to transactions in Chilean equity securities, and 1% in Peruvian equity securities.
“The initiative was born out of the need to offer competitive trading services for investors that seek to trade easily across emerging markets, as well as, to respond to the need for high frequency trading. These platforms decrease latency… and increase the volume of trade at competitive costs.”
Learn more about the opportunities – and futures challenges – resulting from financial markets integration, with valuable insights from the case study of MILA.
Andres will be presenting a keynote address at Exchange Technology World Chicago on the topic, ‘New strategies and innovations to boost liquidity, improve efficiency, cut costs, and create a scalable & flexible system.’ He will also be participating in a panel session on ‘Is an increasingly consolidated market a bad thing for small and medium exchanges or does it open doors for niche players?’ Register now to hear him share his insights on exchange infrastructure and exchange technology.
