The Mexican stock and derivatives market operator, Bolsa Mexicana de Valores, may raise trading fees and phase out privileges enjoyed by its former owners in an effort to boost profits, echoing similar moves by newly-public markets in the US and Europe.
BMV, which sold a stake of around 41% in an initial public offering last month, will save about $3m (â¬1.9m) a year by abolishing free data feeds and exchange memberships for the local banks and brokers that used to be sole owners of the exchange, according to chairman and chief executive Guillermo Prieto Trevino, speaking to Bloomberg.
