Monday , September 26 2022

Volatility has made SIC more attractive


Exchange volatility has increased appetite for investing in the International Quotation System (SIC), from the Mexico Stock Exchange (BMV), explaining the stock exchange's operations director, Alfredo Guillen.

So far in November, the number of daily trades rose to 11,000 million pesos on average, 72.8% more than 6.240 million registered on average per day in the previous month.

"So far, this number has approached 11,000 million pesos, just because of the exchange rate effect, there is more interest in investing in Mexico in exchange-protected securities," Guillen told the conference on the 15th opportunity. SIC anniversary.

He reiterated that investment in this type of securities allows investors to hedge against exchange rate movements. So far in November, the peso has been valued at 0.40% against the dollar, to 20.2195 units compared to 20.3000 at the end of October.

"SIC is naturally local, covering themselves. Volatility produces business because there are always opportunities to buy and sell," he said.

Fifteen years after the creation of this platform, there are more than 1,700 securities that quote -51% are ETFs and 49% of companies – from 43 countries, with accumulated assets of more than 778,000 million pesos.

With the number of transactions, international securities represent more than 41% of the total number of local stock markets.

At present, there are more than 15,000 active investors investing in SIC, such as Afores, insurance companies, investment funds, individuals and they are increasing.

In the framework of SIC's 15th Anniversary, Grupo Bolsa Mexicana de Valores, Director of Promotion and Issuer, Juan Manuel Olivo, announced new changes to the platform.

For the list of stations, now only four data are requested – the key to the offer, the market place of registration and the currency used – before 20 is requested and the registration time starts from 10 to four working days.

To simplify the process, the number of prisoner providers in the international market decreased from nine to three.

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