Exclusive: Why Mila exchange won't see Phase II development

Author: Danielle Myles | Published: 28 Mar 2012

The integrated Latin American stock market Mercado Integrado Latino-Americano (Mila) is set to abandon original Phase II development plans in favour of incremental improvements.

Since its launch on May 30 2011, the Colombian, Peruvian and Chilean integrated exchange, has operated under a phase I operation, which allows for secondary equity trades via cross-border accords between brokers in the three countries involved. Forty-four...