The process of operational integration of the Stock exchanges in Chile, Peru and Colombia are expected to be ready by the beginning of 2024, as revealed by sources in the process.
The leaders of the markets of Lima (Peru), Francis Stenning de Lavalle and Santiago (Chile), José Antonio Martínez, said, during version 12 of the Asobolsa Congress – Colombian Stock Exchange, that the creation of the ‘holding’ that will own the three stock exchanges is progressing and should end at the end of this year or the beginning of 2023.
(See: How beneficial would it be to merge the stock exchanges of Colombia, Chile and Peru?).
Then other steps have been established on the agenda, including market integration.
Later, by 2024, an offer will be made to the market of an integrated platform of products and services for the stock market, fundamentally.
The idea, according to Stenning, is that securities and services should be traded through a single platform and investors and other agents will be able to access them simultaneously with a single channel.
(See: Only 4 shares of the Colombian stock market are saved from the general fall).
The president of the Colombian Stock Exchange, Juan Pablo Córdobasaid that integration is not done for a temporary issue, since it emerged as a structural project that will allow joining forces.
(See: AFPs and foreigners are the ones that buy more shares in the Colombian stock market).
In this way, the region can take on greater relevance because “we have a level of underdevelopment and stock market indicators must be taken proportionally with the size of the population, compared to other regions and countriesCordoba assured.
The Colombian director considered that progress is being sought, not only in the integration of the exchanges, but of all markets, with harmonized standards and processes and that it be an example for other countries.
(See: Grupo Éxito will initiate procedures to enter the Brazilian and US stock exchanges.).
One goal, he said, is to increase access to the market for individuals.
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