Mercado Integrado Latinoamericano

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MILA

Mercado Integrado Latinoamericano
Type	Stock exchange
Location	Santiago, Chile Bogota, Colombia Mexico City, Mexico Lima, Peru,
Founded	2010; 14 years ago (2010)
Currency	Chilean peso, Colombian peso, Mexican peso, Peruvian nuevo sol
No. of listings	712
Market cap	USD 836.271 billion (April 2016)[1]
Volume	USD 174.052 billion (Jan-Dec 2015)[1]
Indices	COLCAP (Colombia) IGBVL (Lima) IPC (Mexico) IPSA (Santiago)
Website	mercadomila.com

The Mercado Integrado Latinoamericano, more commonly known as MILA, is a program that integrates the stock exchange markets of Chile, Colombia, Mexico, and Peru. The three founding members are the Lima Stock Exchange, the Santiago Stock Exchange, and the Colombia Stock Exchange.^[2] The integration aims to develop the capital market through the integration of the four countries, to give investors a greater supply of securities, issuers and also larger sources of funding.^[3]

MILA is largely a part of economic integration efforts among the Pacific Alliance member countries of Chile, Colombia, Mexico, and Peru. With the successful integration of the Mexican Stock Exchange with the Chilean, Colombian, and Peruvian bourses MILA has become Latin America's largest stock exchange.

Investors are able to access MILA through one of the registered brokers that have access to the common trading platform for buying and selling stocks in any of the three countries. In the same way, the companies participating in MILA have increased availability to capital by means of new investors.^[4]