Bolsa Institucional de Valores protocols that adapt to the participants’ different business models. • Modern indices, representative of our market and globally distributed in partnership with FTSE Russell. • Market data with all levels of depth. • BIM platform for real-time market data. Bolsa Institucional de Valores The Institutional Stock Exchange (), commonly known as BIVA, is Mexico's second stock exchange, based in Mexico City. BIVA began operations on 25 July 2018 and trades the same instruments as the other exchange in Mexico, the Bolsa Mexicana de Valores: equities, debts, warrants and some Mexican-specific instruments such as CKDs and FIBRAs. On 29 August 2017,
Bolsa de Valores de Nicaragua domestic investors and foreign shareholders a platform to conduct operations within the framework of an open market economy. The main characteristics of this market are the following: (1) Fixed income financial instruments in U.S. dollars and local currency indices; (2) A total exemption of income and capital gains taxes for traded securities; (3) No restrictions on foreign direct investment (FDI); (4) An effective regulatory frame. Bolsa de Valores de Nicaragua is supervised by the "Superintendencia de Bancos y Otras Instituciones Financieras" (Supervision of Banks and Other Financial Institutions). This institution supervises trading activity, market positions, as well as stock brokers