Regional Stock Exchanges seek business opportunities

The alliance of stock exchanges lead by Costa Rica, El Salvador and Panama are attractive to the rest of Central American countries.

Monday, August 4, 2008

Nicaragua and Guatemala hope to form a part of the Alliance of Central American Markets (AMERCA) that is driven by Costa Rica, El Salvador and Panama.

The goal of this alliance is to facilitate investors with access to offers in member countries from wherever they may be located.

The interest shown by other markets in the region is an important incentive for its development, according to the main players who are initially working on this project.

"Although only Costa Rica, El Salvador and Panama participated directly in the process, the Nicaragua, Guatemala, and Honduras Stock Exchanges along with that of the Dominican Republic have manifested their interest in forming part of the process at a later stage," confirmed Gustao Monge, Operations Manager for the National Stock Exchange of Costa Rica.

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Panamanian Stock Market Aims for Regionalization

August 2010

It is looking beyond Central American integration alone to also include South America.

Roberto Brenes, head of Panama's Stock Market (BVP in Spanish), explained that the first step is to merge BVP and LATIN CLEAR, a Panamanian Central Securities Depository which performs Custody, Clearing, Settlement and electronic administration of securities. This is seen as necessary towards regionalization.

The integration of stock exchanges in Central America

November 2008

The memorandum of integration for the stock exchanges of Costa Rica, El Salvador and Panama was signed in 2006. At the end of 2007 it gained strength again.

In March 2008 they set out the plan of action, and the strategies and task to follow in order to build the Central American Stock exchange company.

Stock Exchange integration on the Isthmus coming soon

August 2008

An integrated Central American Stock Exchange could start to operate next year, said the president of the Panama Stock Exchange

Regulatory and technical obstacles will be resolved, probably in the next few months, clearing the way for a single trading platform for Panama, Costa Rica and El Salvador, said Ricardo Arango in an interview during a conference in Panama City yesterday.

Central American securities markets seek to integrate

June 2008

The securities markets of El Salvador, Panama, and Costa Rica have signed a letter of intent to advance the process of creating the Alliance of Central American Markets (Alianza de Mercados Centroamericanos, AMERCA).

"The vision is to lower transaction costs for the issuer and the investor and to be a communication channel, where they can invest in the three markets at the same time," said Rolando Duarte, president of the El Salvador Securities Exchange.

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