Panamanian Stock Market Aims for Regionalization

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

Friday, August 20, 2010

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.

Brenes also mentioned that Panama is the market that has shown most progress in the Central American Stock Market Alliance program (Amerca in Spanish) while countries such as El Salvador and especially Costa Rica lag behind.

He added that BVP is also looking to attract interest from elsewhere and has begun holding meetings with Colombia and other South American markets.

More on this topic

Panama Bourse and Depository To Reorganize Under Holding

August 2009

The creation of a holding company for Panama's stock exchange and its central securities depository will likely be completed early next year.

"The two companies will remain separate because their businesses are complementary. However, in terms of growth strategies, associations with other bourses and depositories, integration and expansion plans there are a lot of synergies," said Roberto Brenes, chief executive of the exchange, in an emailed statement.

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

August 2008

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.

Regional Stock Exchanges seek business opportunities

August 2008

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

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.

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