Recent reports stated that S&P Dow Jones indices agreement will pursue the licensing of all BMV indices, including IPC or Indice de Precios y Cotizaciones, whereas the final conformity will undergo investigation for authoritative approvals.
S&P Dow Jones seems to be taking action to protect its shareholders and traders, especially now that recent reports indicated that its 500-stock index fell by up to 0.6%. Although loss recovery has been traced, the losses are broad and only its energy sector seems to be recovering discreetly. The research showed that this issue escalated due to the Ukraine and Gaza incidents, which made the investors become concerned about a long period of fallout.
The commercial and marketing licensing of BMV indices is being assumed by S&P Dow Jones with the agenda of developing new indices with BMV, which is considered to be fifth largest exchange in Americas, while second in Latin America. BMV indices are recognized internationally; thus satisfying the market’s evolving needs will be easier along with the efforts of S&P Dow Jones to ensure a smooth transition of indices and end-of-day data production. S&P Dow Jones indices agreement seems to be a win-win situation for the participants, especially in measuring trends and market health globally.