Interbolsa Eyes Deals In Peru, Chile

Interbolsa will form alliances with stock brokers in Chile and Peru and boost its research team before the launch of the Integrated Latin American Market (MILA), The Wall Street Journal reports. Chile, Colombia and Peru have planned to merge their stock markets to form one cross-trading platform, MILA, between the countries, which is expected to be completed by the end of 2011.

Interbolsa will sign alliances with CorpBank in Chile, Inteligo in Peru, and other large stock brokerage firms to guarantee a certain amount of trading volume. The new platform will list 563 companies, combining the listings from each individual country.

Click here for the story from The Wall Street Journal.