What is the relationship between BVC and other Latin American exchanges?
BVC has always been in contact with other regional stock exchanges in Latin America. We are a very active member of the Iberoamerican Federation of Exchanges (FIAB), where regional exchanges discuss and work on relevant issues for market development. For example, our new market model for equity trading is based on a recommendation of FIAB, which designed a model for regional exchanges taking into account the way stocks are traded around the world. This international-based model consists of two segments and two trading methodologies, auctions for illiquid stocks and automatic matching for liquid stocks. With the committees of FIAB, we’re working on information standards for the markets and the technological developments needed to make information available for all actual and potential investors, such as listing requirements, institutional investor access and the stock exchanges’ value chain.
