Peru, Colombia Nix Bolsa Merger

Peru, Colombia Nix Bolsa Merger

Chile Colombia Peru Andean Equity

The Colombian and Peruvian stock exchanges have canceled plans to merge operations, indicating they need to focus first on improving the trading integration for Mercado Integrado Latinamericano (MILA). MILA, which began in May, created a cross-trading platform for the Chilean, Colombian and Peruvian bolsas, though it has been burdened initially with cross-border tax and regulatory problems. The project was launched amid much fanfare and expectations that it would create the second largest stock

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