Although the Integrated Latin American Market, or MILA, cross trading platform between Colombia, Chile and Perú has gotten to a slow start, enthusiasm in the initiative hasn't waned, a panel of investment bankers said Tuesday.
The MILA has seen scant cross border trading of just over $2 million since it started operating at the end of May.
"There are tax and regulatory kinks that need to be worked out in [the MILA], it needs more time before it really takes off," Manuel Bulnes, chief executive of investment bank and brokerage LarrainVial, said at the Chile Economic Summit.
The MILA has seen scant cross border trading of just over $2 million since it started operating at the end of May.
"There are tax and regulatory kinks that need to be worked out in [the MILA], it needs more time before it really takes off," Manuel Bulnes, chief executive of investment bank and brokerage LarrainVial, said at the Chile Economic Summit.
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