Tuesday, September 28, 2010

Chile, Peru, and Colombia Integrating Their Stock Exchanges

This is quite significant. It is likely a sign of things to come, particularly when there are so many complaints about the US stock exchanges and its control by computer bots. The integrated operations of stock exchanges of Peru, Chile and Colombia are set to begin November 22. The announcement was made by Roberto Hoyle, president of the Stock Exchange of Peru.

"The integration will be an important step in increasing the attractiveness and competitiveness as well as more capital flows,".

A spokesman for the Lima Stock Exchange said that November 22 is the first phase of integration, but he confirmed that from this date, Peruvian investors may buy shares in Chilean and Colombian companies through the Peruvian stock exchange.

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