On the heels of an unprecedented flurry of deals among the world’s leading exchanges, Spanish operator Bolsas y Mercados Españoles has expressed interest in a “significant” stake in a planned pan-Andean exchange.

The FT’s Jeremy Grant reports that BME chief financial officer Javier Hernani said the group sees opportunity in Latin America, particularly in Mila, the forthcoming tie-up between the Chilean, Colombian and Peruvian bourses that is set to start direct trading later this year. Continue reading »

Latin American stocks fell Monday as ongoing tensions in the Middle East and North Africa weighed on sentiment, sending oil prices higher and curbing risk appetite.

In Brazil, the Bovespa shed 1.1 per cent as an increase in inflation forecasts outweighed a rally among oil producers. Homebuilders fell on worries over higher interest rates, with PDG Realty slumping 3.1 per cent, while airlines Tam and Gol gave up 3.1 per cent and 3.7 per cent respectively as fears mounted over rising fuel costs. Oil company OGX gained 3.8 per cent, however,  as crude prices rose to their highest level since September 2008 as companies prepared to shut down their operations in Libya. Continue reading »