The institution's primary function is to provide a platform for the realization of laying operations, trading and safekeeping of public and private securities.

Stockbrokers must be members of the BVM and meet the requirements determined by the Uruguayan laws and regulations of the Central Bank of Uruguay.

[clarification needed] Special Members may be banks, fund managers, pensions, social security institutions or insurance companies.

Its main aim was to provide trade of the square of a meeting point at a fixed time, to treat the business of the day.

Simultaneously, two business bodies were created: The Chambre Syndicale, representing the interests of commerce, and the Intern Brokers Commission, which regulated the activity of both.

In 1996 the trading activity was favored with the appearance of the Savings Fund Administrators (AFAP ) and the Securities Market Act and Notes.

Article 90 of the regulation establishes that stock exchanges require "prior authorization from the Financial Services Administration" to operate.

In addition, they must "ensure strict compliance on the part of their members with the highest ethical principles and all applicable legal and regulatory orders".

The FIAB's mission consists of encouraging collaboration among its members, with the aim of promoting the development and improvement of their respective stock markets and financial instruments, in the best interest of all participants.