The merger of the New York and Frankfurt stock exchanges to create the world’s biggest stock market made big headlines last week, but there is a lesser-known process in South America that should also draw our attention – the union of the Chilean, Peruvian and Colombian stock exchanges.
The stock exchanges of the three South American countries announced recently that they have finished the regulatory paperwork to start joint operations, and that they are preparing to do so within the next few months.
The three-country stock market, known as the Integrated Latin American Market, or by its Spanish initials MILA, will be Latin America’s