Political Risk Latin America Blog @PolRiskLatam

Chile, Peru and Colombia join bourses

Posted in News and Articles, Political Risk by politicalrisklatam on April 6, 2011

by Naomi Mapstone for Financial Times – Beyond Brics, April 5th, 2011.

Roll up! Roll up! Latin America’s newest market – the tie-up of Chilean, Peruvian and Colombian bolsas – has named a May 30 launch day.

After a long testing period to iron out technological, regulatory, clearing and settlement kinks, Mila, the second biggest exchange in the region (by market capitalisation), is almost ready for business.

The decision was made only after “two cycles of comprehensive functional tests conducted exchanges and securities depositories in the three countries …met all technical and operational requirements demanded by the market,” the bolsas said today in a statement.

From April 25, brokers will be invited to enlist on Mila. “Committee members believe that this deadline is necessary so that all members can access the platform, become familiar with it and feel the confidence to negotiate as if they were doing in their local markets,” the bolsas said. (continue reading… )

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: