BOGOTA AND TORONTO, June 7, 2012 /CNW/ - Bolsa de Valores de Colombia
(BVC), Toronto Stock Exchange (TSX) and TSX Venture Exchange today
announced the signing of a Memorandum of Understanding (MoU) to promote
cooperation among the securities markets of Colombia and Canada.
Under the MoU, Toronto Stock Exchange, TSX Venture Exchange and Bolsa de
Valores de Colombia will cooperate to share certain information and to
undertake certain activities together to facilitate the dual listing of
companies in each other's jurisdiction and assist each other with
understanding the regime, process and rules for listing and trading
securities in each other's jurisdiction. The exchanges will also
explore and develop joint marketing opportunities.
Juan Pablo Cordoba, President of the BVC, was very pleased with the
signing of the MoU and explained that "it seeks to bring together
Colombian and Canadian markets, and also includes the investor
community and issuers from both countries, who have shown a great
enthusiasm for taking advantage of opportunities that exist not only in
exploration and production of the oil industry, but in all sectors of
"We are extremely pleased to add this MoU to our well-established
commitment to the Latin American region," said Ungad Chadda, Senior
Vice President, Toronto Stock Exchange. "We look forward to
strengthening our relationship with the Colombian capital markets."
As of April 30, 2012, there are five dual listings between Toronto Stock
Exchange and Bolsa de Valores de Colombia. There are 19 companies
listed on Toronto Stock Exchange and 43 companies listed on TSX Venture
Exchange with operations in Colombia.
About Bolsa de Valores de Colombia (BVC)
Bolsa de Valores de Colombia (BVC) is a corporation supervised by the
Superintendencia Financiera de Colombia, operates the trading and
registration platforms for equities, fixed income and derivatives. Also
BVC provides listing services, market data products and other value
added services to its clients. By market size, the BVC is the fourth
largest stock exchange in Latin America. Likewise, the BVC is a listed
company since July 2007. The BVC has investments in companies that are
part of the value chain of the Colombia capital market, among which
are: Central Counterparty Risk Clearing House (CRCC), FX Clearing House
(CCDC), Energy Commodities Derivatives Company (Derivex), FX Trading
Company (Integrados FX) and the Colombian Central Security Depositary
Company (Deceval). Currently, the BVC is part of the Integrated Market
of Latin American, MILA, an initiative that, by number of issuers, is
the largest market in the region, integrated by the stock markets of
Chile, Peru and Colombia. For more information see en.bvc.com.co. Follow BVC on Twitter (@ BVCColombia).
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy
Brokers, Equicom and other TMX Group companies provide listing markets,
trading markets, clearing facilities, data products and other services
to the global financial community. TMX Group is headquartered in
Toronto and operates offices across Canada (Montreal, Calgary and
Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago)
as well as in London and Beijing. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE TSX Group Inc.
For further information:
Bolsa de Valores de Colombia
Dirección de Medios y Relaciones Públicas
Jaime Sarmiento-Jorge Alberto Arciniegas
(57+1)3139800 Ext.1246 / 1126
Manager, Corporate Communications