The stock exchanges of the three South American countries of Chile, Peru and Columbia announced recently that they are preparing to start joint operations within the coming months. This three country stock market called the Integrated Latin American Market, or known by its Spanish initials MILA will be Latin America's second largest stock market, after Brazil's stock market. MILA's launch date will be announced after a technical try-out session in March 2011.

The economies of Chile, Peru and Columbia, though small by international standards, have grown steadily in the past years. By unifying their operations they will make it easily accessible for domestic and foreign investors to buy stock in their companies. They will have will have access to more investors and a larger pool of capital.