Venezuelan Capital Attracted by Panama

So far this year, Panama's Securities Commission (CNV) has authorized the operation of 6 brokerage houses from Venezuela.

Wednesday, September 30, 2009

Alejandro Abood, from the CNV, explained there are currently 12 operation requests being considered, 7 of them of Venezuelan origin.

"In 2009, the defining trend for Panama's economy is the massive influx of Venezuelan capital, and the securities market is profiting from this movement", reports Prensa.com. "There is an important migratory factor that cannot be ignored, argues Abood".



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Colombian Group Buys Panamanian Brokerage Firm

March 2014

Global Securities Group has signed a purchase agreement with the brokerage firm PanAmerica Capital for an undisclosed amount.

The investment banking and fund management group from the USA, Global Securities Group, signed an agreement to make the purchase through Global Securities Colombia, which is the main shareholder.

Reorganization of Thales Securities Successfully Completed

August 2011

The National Securities Commission of Panama has decided to return the management and control of the brokerage firm to its shareholders, as this will facilitate the institution’s return to operations efficiently and safely.

In its resolution, the commission describes the reorganization of Thales Securities as ‘satisfactory’.

New Securities Broker in Panama

August 2010

Plus Capital Market Inc. has begun operations in the Panamanian market after being approved by the country's National Securities Commission.

The National Securities Commission approved the company's request on 12 March with License Number 77-2010.

"Plus Capital Market Inc.

Panamanian Securities Market Grows, Becomes More Foreign Owned

January 2010

In 2009, the market traded almost $44 billion, 34% more than the volume traded in 2008.

At present, there are 52 stock brokers operating in the country. Most of the new entrants in 2009 were foreign-owned operations.

Juan Martans, President of the National Securities Commission (CNV), explained to Prensa.com that "international transactions account for the largest share of traded volume.

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