Difference between revisions of "Colombia Stock Exchange"

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The Colombia Stock Exchange (CSE), known in Spanish as the Bolsa de Valores de Colombia (BVC), was formed in 2001 from a union of three separate regional [[exchange]]s and offers trading in [[fixed income]] and [[securities]].  
The Colombia Stock Exchange (CSE), known in Spanish as the Bolsa de Valores de Colombia (BVC), was formed in 2001 from a union of three separate regional [[exchange]]s and offers trading in [[fixed income]] and [[securities]].  
The exchange also owns the Centralized Depository of Securities (Deceval), and the two entities operate under the BVC umbrella. The two groups focus is on bringing financial services and finacing to small, medium and large companies.<ref>{{cite web|url=https://translate.google.com/translate?hl=en&sl=es&u=https://en.bvc.com.co/pps/tibco/portalbvc/Home/NoticiasDetalle%3Fcom.tibco.ps.pagesvc.renderParams.sub5d9e2b27_11de9ed172b_-783b7f000001%3Drp.docURI%25253Dpof%2525253A%2525252Fcom.tibco.psx.model.cp.Document%2525252F64c18ecf_16059d4bd50_4bf1c0a84ca9%252526rp.currentDocumentID%25253D64c18ecf_16059d4bd50_4bf1c0a84ca9%252526action%25253DopenDocument%252526addDefaultTarget%25253Dfalse%252526&prev=search|name=The BVC is now worth $ 708,707 million, after integration with Deceval|org=Press Release|date=May 13, 2019}}</ref>


CSE ranked 48th in global derivative exchange volume in 2018 with 1.06 million contracts traded, a 4.5 percent decrease from the previous year, according to the FIA Annual Volume Report.<ref>{{cite web|url=https://marketvoice.fia.org/issues/2018-03/2017-annual-volume-survey|name=2017 Annual Volume Survey|org=FIA|date=April 3, 2018}}</ref><ref>{{cite web|url=https://marketvoice.fia.org/articles/record-year-derivatives|name=2018 Annual Volume Survey|org=Futures Industry.org|date=May 13, 2019}}</ref>
CSE ranked 48th in global derivative exchange volume in 2018 with 1.06 million contracts traded, a 4.5 percent decrease from the previous year, according to the FIA Annual Volume Report.<ref>{{cite web|url=https://marketvoice.fia.org/issues/2018-03/2017-annual-volume-survey|name=2017 Annual Volume Survey|org=FIA|date=April 3, 2018}}</ref><ref>{{cite web|url=https://marketvoice.fia.org/articles/record-year-derivatives|name=2018 Annual Volume Survey|org=Futures Industry.org|date=May 13, 2019}}</ref>
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Just prior to September 2008's global [[credit crisis]], CSE announced it would start offering [[derivatives]] trading via the [[Nasdaq]] OM Group electronic [[trading platform]]. The move is part of a strategy for the CSE to offer itself as a Latin trading alternative to the region's larger markets, Brazil's [[B3]] and the [[Mexican Stock Exchange]].
Just prior to September 2008's global [[credit crisis]], CSE announced it would start offering [[derivatives]] trading via the [[Nasdaq]] OM Group electronic [[trading platform]]. The move is part of a strategy for the CSE to offer itself as a Latin trading alternative to the region's larger markets, Brazil's [[B3]] and the [[Mexican Stock Exchange]].


In 2015, the exchange bought a 51 percent stake in Sophos Banking Solutions, a technology firm focused on finance and the securities sector. The deal provided the exchange with a technology division aimed at providing a variety of financial services  in capital markets.<ref>{{cite web|url=https://www.financecolombia.com/breaking-news-bolsa-de-valores-colombia-acquires-sophos-banking-solutions/|name=Bolsa De Valores Colombia Acquires Sophos Banking Solutions|org=Finance Colombia|date=May 21, 2019}}</ref>  
In 2015, the exchange bought a 51 percent stake in Sophos Banking Solutions, a technology firm focused on finance and the securities sector. The deal provided the exchange with a technology division aimed at providing a variety of financial services  in capital markets.<ref>{{cite web|url=https://www.financecolombia.com/breaking-news-bolsa-de-valores-colombia-acquires-sophos-banking-solutions/|name=Bolsa De Valores Colombia Acquires Sophos Banking Solutions|org=Finance Colombia|date=May 21, 2019}}</ref>
 
In 2017, the exchange acquired Centralized Depository of Securities (Deceval). The company handles post-trade services for the exchange.


== Key products ==
== Key products ==

Revision as of 13:21, 21 May 2019



Colombia Stock Exchange (Bolsa de Valores de Colombia)
BVC logo.jpg
Founded 2001
Headquarters Bogotá
Key People Juan Pablo Cordoba, CEO
Products IGBC Index
Website http://en.bvc.com.co/nueva/index_en.html

The Colombia Stock Exchange (CSE), known in Spanish as the Bolsa de Valores de Colombia (BVC), was formed in 2001 from a union of three separate regional exchanges and offers trading in fixed income and securities.

The exchange also owns the Centralized Depository of Securities (Deceval), and the two entities operate under the BVC umbrella. The two groups focus is on bringing financial services and finacing to small, medium and large companies.[1]

CSE ranked 48th in global derivative exchange volume in 2018 with 1.06 million contracts traded, a 4.5 percent decrease from the previous year, according to the FIA Annual Volume Report.[2][3]

Background[edit]

The Colombia Stock Exchange was formed in July 2001 through a merger of the country's three regional exchanges: Bolsa de Bogotá, Bolsa de Medellín and the Bolsa de Occidente in Cali.[4] Although it's called a stock exchange ('bolsa' in Spanish), between 85 percent and 90 percent of the CSE's trading is actually conducted in the bond market,[5] where it ranks as the world's fourth-largest market.

Just prior to September 2008's global credit crisis, CSE announced it would start offering derivatives trading via the Nasdaq OM Group electronic trading platform. The move is part of a strategy for the CSE to offer itself as a Latin trading alternative to the region's larger markets, Brazil's B3 and the Mexican Stock Exchange.

In 2015, the exchange bought a 51 percent stake in Sophos Banking Solutions, a technology firm focused on finance and the securities sector. The deal provided the exchange with a technology division aimed at providing a variety of financial services in capital markets.[6]

In 2017, the exchange acquired Centralized Depository of Securities (Deceval). The company handles post-trade services for the exchange.

Key products[edit]

The Colombia Stock Exchange's IGBC Index serves as the overall stock market benchmark and is a capitalization-weighted indicator of Colombia's highest-cap, most liquid stocks.[7] The exchange's other main index product, the COLCAP, measures the CSE's 20 most liquid stocks but limits individual equity weights to 20 percent, compared to the IGBS where a single stock, Ecopetrol, is more than half the index value.[8]

Key people[edit]

Contract Volume[edit]

Year Total Annual Volume Percent Change
2018 1,064,802 (-)4.5%
2017 1,116,028 (-)20.5%
2016 1,403,564 33.9%
2015 1,048,199 10.2%
2014 941,620 37.4%
2013 685,133 --

John Lothian News Interview, May 2015[edit]

Thinking Global: Colombia's Juan Pablo Cordoba Says Global Regulation Hurts Emerging Markets

If you don’t know Juan Pablo Cordoba you probably should. As the CEO of the Bolsa de Valores de Colombia (Colombia Securities Exchange) and chairman of the World Federation of Exchanges, he is one of the exchange executives who has a unique perspective on emerging exchanges such as those in Latin America and beyond. Yet, he also has a firm understanding of the G20 market reforms that have filtered throughout the world in the form of Dodd-Frank, Basel III, MIFID and EMIR.

Cordoba spoke with Jim Kharouf, editor-in-chief of John Lothian News, at the World Federation of Exchanges/IOMA conference in Sao Paulo, Brazil about the challenges and opportunities for the -year-old Colombia exchange, including regional efforts such as MILA, the Latin American Integrated Market. He also provides a credible voice regarding the unintended consequences of applying a host of clearing, capital and compliance hurdles that could stifle the growth of such new markets.

Read the interview on JohnLothianNews.com

References[edit]