Total volume of transactions from January to July went from $1.04 billion in 2007 to $1.4 billion this year.
"In the stock market, despite the withdrawal of important issuers in the last two years, the volume of transactions has increased by 137.6% from $51.8 million in 2007 to $123.2 million," said Ricardo Arango, President of the Panama Stock Exchange.
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.
The dream of integrating the Latin American stock exchanges grows even stronger, in an attempt to strengthen the markets in these countries.
In order to achieve this objective, the Association of Central American and Caribbean Trade Exchanges will meet starting August 28 to establish the main bases for this process. Sources for Americaeconomnica.com said that the agreement will bring development to the region's businesses which will also spread to the commercial sector.
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