Bolsa Mexicana de Valores Fact Sheet

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Electronic Trading
Americas
Bolsa Mexicana de Valores
Fact Sheet
The Exchange
Bolsa Mexicana de Valores
www.bmv.com.mx
Time Zone
CDT – Central Daylight Time (UTC/GMT – 6 hours)
Currency
Mexican Peso MXN
Market Hours
(Local Time)
Pre Open: 8:00 – 8:24:59 AM (9:00 – 9:24:59 AM EST)
Continuous Trading: 8:30 AM – 3:00 PM (9:30 AM – 4:00 PM EST)
Between 8:25 – 8:30 AM (9:25 – 9:30 AM EST) no new orders may be entered, and no
existing orders may be amended. There is no closing auction. The closing price is determined
by the VWAP of the last 20 minutes of trading. If no trade occurs in the last 20 minutes, then
the last tick is used.
Board Lots
1 share.
For stocks with a price > 200 MXN, the displayed size is rounded down to the nearest hundred.
Tick Size
Price
≤ 1.00 MXN
> 1.00 MXN
Major Equity Indices
IPC: The Indice de Precios y Cotizaciones is a capitalization-weighted index of the 35 leading
stocks traded on Bolsa Mexicana.
Tick size
0.001 MXN
0.01 MXN
Additional Indices: IPC RT, INMEX, INMEX RT
Settlement Cycle
T+3
Order Types
Buy/Sell, Market and Limit Orders
Due to exchange regulations, UBS will convert all market orders into marketable limit orders
with a limit price 6% away from the last sale price. This allows us to target immediate
execution while avoiding triggering a trading halt.
Useful Information
Reuters Suffix: MX
Bloomberg Suffix: MM
Bolsa Mexicana has the power to halt trading in any stock for a variety of reasons including
large intraday price movements. An intraday price movement of 15% or more is the
benchmark for a trading halt. Once trading has been stopped, the Exchange will contact the
company and require it to submit a statement with information concerning the reasons for the
price movement. When the Exchange deems that sufficient information has been provided,
they will hold an auction for the stock and resume trading. Usually, trading resumes within 20
minutes of a trading halt, but the Exchange has the right to suspend trading indefinitely.
During a trading halt, Bolsa Mexicana will reject all new orders entered. Orders entered during
an auction will participate in the auction; however, execution is not guaranteed.
For rules and operating procedures, please refer to www.bmv.com.mx
For additional information, or if you have questions about your specific order, please call your account manager or the
Direct Execution sales trading desk at the numbers below.
UBS Direct Execution
Americas: +1-800-563 8018 or +1-203-719 1750
Europe: +44-20-7568 8313
Asia: +852-2971 8334
Australia: +612-9324 2017
Japan: +81-3-5208 7249
[email protected]
Issued by UBS AG, or an affiliate thereof (“UBS”) to professional investors only. Issued in the US by UBS Securities LLC, member FINRA, NYSE and SIPC. Issued in Australia by UBS Securities
Australia Limited ABN 62 088 586 481 AFSL 231098. Issued in Europe by UBS Limited, Company Number 2035362, of 1 Finsbury Avenue, London, EC2M 2PP, United Kingdom, VAT Number
(GB)447151456. This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No
representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete
statement or summary of the securities, markets or developments referred to in the material. In the event of any discrepancy between this material and the information contained in any official
statement, the information contained in the official statement shall prevail. © UBS 2012. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.
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Electronic Trading
Americas
Bolsa Mexicana de Valores
Electronic Trading FAQs
Which algorithms are available on Bolsa Mexicana?
UBS offers UBS Tap, TapNow, Volume Inline, Price Inline,
Implementation Shortfall, VWAP, TWAP, Hidden, Float and
Pairs algorithms on Bolsa Mexicana.1
Which DMA order types can I trade on Bolsa Mexicana?
UBS supports both market and limit orders on Bolsa Mexicana.
Due to exchange regulations, UBS will convert all market orders
into marketable limit orders with a limit price 6% away from
the last sale price. This allows us to target immediate execution
while avoiding triggering a trading halt.1
Can I trade GTC or GTD orders with UBS on Bolsa
Mexicana?
No, orders on Bolsa Mexicana are only good for the day on
which they are entered.
Are there any restrictions for odd lot trading on
Bolsa Mexicana?
No. As of January 23, 2012, there are no odd lots on Bolsa
Mexicana and one lot equals one share.
How do I participate in the opening auctions on Bolsa
Mexicana?
UBS begins accepting DMA orders for the opening auction at
8:00 AM local time (9:00 AM EST). The cut-off for entering
orders to the opening auction is 8:24:59 AM (9:24:59 AM EST).
No orders may be entered or amended between 8:25 – 8:30
AM (9:25 – 9:30 AM EST). Currently, algorithmic trading orders
will not participate in the opening auction.
Is there a closing auction on Bolsa Mexicana?
No, there is no closing auction on Bolsa Mexicana. The closing
price for a stock is calculated as the VWAP of the last 20
minutes of trading. If no trades occur in the last 20 minutes,
then the last tick is used.
What circuit breakers exist on Bolsa Mexicana?
No exchange-wide circuit breakers exist for Bolsa Mexicana.
However, the exchange does have the power to halt trading
in any individual stock for a variety of reasons, including large
price movements. Usually, a 15% price movement triggers a
trading halt. Once trading has been stopped, the Exchange will
contact the company and require it to submit a statement with
information concerning the reasons for the price movement.
When the Exchange deems that sufficient information has
been provided, they will hold an auction for the stock and
resume trading. Usually, trading resumes within 20 minutes
of a trading halt, but the Exchange has the right to suspend
trading indefinitely.
Can I enter orders on Bolsa Mexicana during a trading
halt or intraday auction?
During a trading halt, Bolsa Mexicana will reject all new orders
entered. Orders entered during an auction will be accepted to
participate in the auction; however, execution is not guaranteed.
Can I settle my electronic Mexican trades in USD?
At this time, UBS supports settlement in Mexican Pesos only.
UBS Direct Execution
Americas: +1-800-563 8018 or +1-203-719 1750
Europe: +44-20-7568 8313
Asia: +852-2971 8334
Australia: +612-9324 2017
Japan: +81-3-5208 7249
[email protected]
UBS algorithmic trading and DMA are only available to UBS clients trading into Mexico. At this time, they are not available to clients domiciled in Mexico trading in Mexico.
1
Issued by UBS AG, or an affiliate thereof (“UBS”) to professional investors only. Issued in the US by UBS Securities LLC, member FINRA, NYSE and SIPC. Issued in Australia by UBS Securities
Australia Limited ABN 62 088 586 481 AFSL 231098. Issued in Europe by UBS Limited, Company Number 2035362, of 1 Finsbury Avenue, London, EC2M 2PP, United Kingdom, VAT Number
(GB)447151456. This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No
representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete
statement or summary of the securities, markets or developments referred to in the material. In the event of any discrepancy between this material and the information contained in any official
statement, the information contained in the official statement shall prevail. © UBS 2012. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.