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The Colombian Global Market Opens – Trades International Securities on the BVC

December 18, 2010

The Bolsa de Valores de Colombia (BVC) is Colombia’s stock exchange, but since November it has joined forces with the Chilean and Peruvian exchanges, creating a platform for trading in all three countries of issues registered in any of the three countries. In a separate new development, 21 issues of international securities can now be traded on the “Global Market of Colombia.” 

Three brokerage houses – Correval, Interbolsa and Valores Bancolombia – will publish information who are obliged to publish relevant information of each of those registered. The sponsoring broker (or international custodians) will provide access to the financial, economic, accounting, legal and administrative disclosures of the issuers.

The Global Market will operate differently than the current foreign exchange trading of issues like Canada’s Pacific Rubiales and Canacol Energy. They will be traded, cleared and settled through systems administered by the BVC using a wheel or separate session. Deceval will administer these securities through accounts with an international custodian, and Deutsche Bank has been contracted for this new market segment.

The brokers and their respective issuers are:

Valores Bancolombia

Apple Inc.
Bank of America Co.
Caterpillar Inc.
Chevron Co.
Exxon Mobil Co.
The Goldman Sachs Group Inc.
Johnson & Johnson
JPMorgan Chase & Co.
The Procter and Gamble Co.

Interbolsa

Amazon.com Inc.
Barrick Gold Co.
Citgroup Inc.
General Electric Co.
Google Inc.
Gran Tierra Energy Inc.
Pfizer Inc.
Research In Motion Ltd.
Schlumberger N.V.
Walmart Stores Inc.

Correval

Anadarko Petroleum Co.
Murphy Oil Co.

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