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Contrary to what one might think, the need for people to be in front of the Internet has served to expand the number of contracts opened by companies. brokerage houses close to 100%, reaching two million contracts during this period of the Covid-19 pandemic, this was considered by Álvaro García Pimentel Caraza, executive president of the Mexican Association of Stock Market Institutions (AMIB) in an interview with El Economista.
“It is also relevant to mention that investment funds in our country their assets have grown by 14.42% and the number of investor contracts reached more than 3.6 million, which represents an expansion of 44%, setting record levels “, said the representative of 34 brokerage houses authorized by the Ministry of Finance and Public Credit (SHCP) and by the National Banking and Securities Commission (CNBV), additionally it has affiliates to 31 investment fund operators and three money market brokerages.
He explained that, “thanks to technology and the approval of the new regulation, anyone can open an intermediation contract in a brokerage house or an investment account from your cell phone in a matter of minutes, thus competing with the most aggressive platforms in the world, but with the assurance that these entities, brokerage houses and investment funds, are organizations supervised by the Mexican authorities and in any negative circumstance, they will have a regulatory framework that protects them in their country, protection that can hardly be achieved in other markets around the world ”.
Megatendencias
Álvaro García Pimentel, who has 37 years of experience in the trading system He mentioned that investments are having very abrupt changes in the stock markets.
“Through technology, stock markets have been accessed where we are seeing that young investors are learning to take risks in investments of assets with high volatilities, such as cryptocurrencies, being in my opinion, schemes that at some point can cause pain. head to these investors.
“At the same time, the global investment flow has grown brutally, especially to the most important companies in the world that have operations of any kind in many countries,” he said, who was director of the Merrill Lynch Mexico brokerage house until 2020.
Markets
“The Mexican stock market It has not been able to boost the private debt market due to some limitations, both on the side of the offerors, the borrowers and, of course, the intermediaries, however, the AMIB has presented different options to both the CNBV and the SHCP, in such a way that the issuance of this debt for all participants ”.
He said that the houses of Bag, which are the underwriters par excellence of this product in all the stock markets of the world, have some restrictions to promote it and we have brought to the authorities the change proposals to ensure that the stock market fulfills its democratic function of financing the more than 35,000 companies that are looking for competitive financing and be able to face their growth challenges in the face of the opportunities that arise in Mexico and the world.
Likewise, “investment funds in the world are the investment advisory vehicle par excellence for those investors who do not know the rules of the markets, but who want their money to stop being inactive and produce more attractive returns, that is why , the growth of accounts and assets, will not stop growing, reaching in the near future, from 11% to 20% of GDP ”.
Projects
“We want to continue growing the market both from the supply of values, with private debt and creative investment structures; from the demand, through more technology and information for private and foreign clients and in the local part, with the flexibility of the regulation of investment funds.
“Since the intermediation of brokerage houses Y investment funds, the project is to implement more technology to have more products to compete with the global markets that have come for our assets and our clients ”, concluded García Pimentel, president of the AMIB.
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