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Invest in MILA

Market Closed 09-19-2019 09:56 AM GMT -03:00


The Integrated Latin American Market -MILA- is the result of an agreement signed between Santiago Exchange, Colombian Stock Exchange, Lima Stock Exchange and Mexican Stock Exchange, as well as the security depositories Deceval, DCV, Cavali and Indeval, which form a regional market for equities trading in the four countries, making MILA the Pacific Stock Market Alliance.​

MILA's mission is to integrate the markets of its member countries and promote the growth of its participants’ financial business, providing the best alternative for investment, diversification, liquidity and funding.

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  • How is the MILA managed?

    MILA is managed by an Executive Committee composed of the chairmen or CEOs of the participating exchanges and depositories, four sub-committees each with a leader to manage commercial, legal, operational and technological matters, and the MILA general secretary, whose task is to coordinate and monitor the MILA initiatives to comply with mandates of the Executive Committee. 

  • Does belonging to this market mean that each country loses its autonomy over its exchange?

    No, one of the MILA’s key features is that no market loses its independence or regulatory autonomy and grows in conjunction with the integrated market, given how the markets complement one another. 

  • What system do MILA countries use to trade?

    MILA countries negotiate directly from their own trading systems to reach all other countries: Lima (Elex), Santiago (Telepregón), Bogota (Xtream) and Mexico (NSO MILA). 

  • In what currency are trades on MILA made?

    All MILA negotiations are done in local currency through local intermediaries without currency having to leave their countries, which further facilitates international transactions through this tool.  

  • What is the role of the DCV?

    The DCV is the Central Securities Depository, sole custodian of securities in Chile. Its function is to safeguard public securities, both domestic and foreign, which are traded in the market, and to facilitate the transfer of ownership of such securities through debit and credit mechanisms to the accounts held by the depositors in the DCV. It is also responsible for managing the securities in custody, notifying when charges are made and maturities reached and giving information to investors. The DCV is also the entity authorized by law to accurately register dissolved issuances.  

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