Bolsa de Valores de Colombia

Bolsa de Valores de Colombia

Corporation listed on Bolsa de Valores de Colombia

Authorities

President Rafael Aparicio Escallón Board of Directors Independent Directors Sergio Clavijo Vergara Julián Domínguez Rivera Carlos Eduardo Jaimes Jaimes Javier Jaramillo Velásquez Roberto Junguito Bonnet Santiago Montenegro Trujillo Juan Camilo Vallejo Arango Non-Independent Directors  Mauricio Rosillo Aura Arcila Giraldo Germán Salazar Castro Rafael Aparicio Escallón Diego Jimenez Posada Juan Luis Franco Arroyave CEO Juan Pablo Córdoba Garcés

Carrera 7 71-21 Torre B Oficina 1201 Bogotá, Colombia

Phone: (571) 313-9800 www.bvc.com.co

Main products and markets

Equity: Shares Repos Securities Lending MILA (Latinamerican Integrated Market) CGM (Colombian Global Market) ETFs

Fixed Income: Government bonds Corporate bonds CDTs, BOCEAS Repos Simultaneous Securities Lendings

Derivatives: Futures on: Government bonds Currencies Shares Indexes Interests Rates Inflation Rates

Currencies: Dolar Spot Dolar Next Day Forwards

Main shareholders

Foreign Investment Funds 39%
Brokerage Firms 16%
Pension Funds 16%
Corporate Portfolio 16%
Natural Persons 5%
Universities 7%
Mutual Funds 1%

Trading hours

Markets
Closing
Opening
Shares
16:00
09:30
X-Stream trading system
New York time
New York time
High Liquidity
Pre-Opening
09:30
09:15
New York time
New York time
OTC
15:55
09:30
New York time
New York time
Closing Auction
16:00
03:55
New York time
New York time
Low Liquidity
Opening Auction
10:00
09:30
New York time
New York time
Suspension Period
15:30
10:00
New York time
New York time
Closing Auction
16:00
15:30
New York time
New York time
Fixed income
MEC Plus trading system
SPOT Session
For purchases and sales on T+ 0
15:40
08:00
SOLO Session
For purchases and sales from T+1 up to 365 days
17:00
08:00
RYS Session
For repos and simultaneous transactions
17:00
08:00
BALO Session
For purchases and sales on T+ 0
15:40
08:00
For purchases and sales on T+ 0
17:00
08:00
DEXT Session
For purchases from T+2 onwards
17:00
08:00
DEES Session
For purchases and sales on T+ 0
15:40
08:00
For purchases and sales on T+ 0
17:00
08:00
RYSE Session
For repos and simultaneous transactions
17:00
08:00
SUBA Session
For purchases
15:40
08:00
DSER Session
For purchases and sales on T+ 0
15:40
08:00
For purchases and sales from T+1 up to 365 days
17:00
08:00
For repos and simultaneous transactions
17:00
08:00
COTI Session
For purchases and sales
13:00
08:00
OTC Electronic Registration System
OTC Registration
18:00
08:00
Primary Issues Registration
For purchases and sales
16:00
08:00
Foreign Exchange Registration
For purchases and sales
18:30
08:00
Derivatives
TES Future
Trading
13:00
08:00
Registration
16:00
08:00
IBR Future
Trading
13:00
08:00
Registration
13:00
08:00
Inflation Future
Trading
13:00
08:00
Registration
13:00
08:00
Foreign Exchange Futures (TRM & TRS)
Trading
16:00
08:00
Registration
16:00
08:00
OIS Future
Trading
13:00
08:00
Registration
16:00
08:00
Shares Futures
Trading
16:00
08:00
New York time

Market data

(Additional information at www.fiabnet.org)
Market Information
Concept
2016
2010
2005
2002*
Total market capitalization (millions of US$)**
103,726
218.327
50.552
10.902
Number of listed companies
70
86
98
110
Stock Index Level
Coleqty
926
n.c.
n.c.
n.c.
Colcap
1,352
1.824
n.c.
n.c.
Number of brokerage firms
22
27
39
37
Total value of share trading (Millions of US$)
13,866
28.181
10.490
542
Total value of bond trading (Millions of US$)
414,588
762.069
471.814
114.163
* First year after fusion of Bogota, Medellin and Occidente Exchanges
 
Market Capitalization - (US$ Millions)
Total value of Share trading - (US$ Millions)
Total value of Fixed Income trading - (US$ Millions)
2016
2015
Derivatives
Notional value of contracts traded (millions of US dollars)
Open interest at year end
Number of contracts traded
Notional value of contracts traded (millions of US dollars)
Open interest at year end
Number of contracts traded
Stock futures
418
45,392
602,897
312
22,491
291,359
Stock Index Futures
5
40
474
10
5
933
Bond futures
19,657
22,493
200,330
19,460
8,632
197,681
Exchange rate futures
23,813
3,553
599,63
23,836
4,651
558,175
Inflation Futures
0
0
0
4
0
40
IBR
0
0
0
2
0
10
Electric Power Futures
10
605
1,011
0
0
24
 

Market capitalization split by economic sector

 
Sector
2015
2014
%
%
Industrial
39
36
Banking, financial and insurance
43
45
Retail
3
3
Utilities
11
14
Other
4
2
Total
100
100
2015

Brief history

 » Bolsa de Valores de Colombia

Bolsa de Valores de Colombia (BVC) is a multi-product Exchange created in 2001 as a result of the merger between the Bogota, Medellin, and Occidente Stock Exchanges.  BVC has drawn from the experience and tradition of more than 80 years of stock market history in Colombia. BVC has been a listed company since 2007, with 18.7 billion outstanding shares, 85% free float, and more than 200 shareholders. BVC manages the trading platforms for the equities, fixed income, and derivatives markets; and through subsidiaries which have been created as a result of strategic alliances with other companies, it also operates the energy commodities and foreign exchange markets in Colombia. Strategically, BVC is the largest shareholder of companies that are part of the whole value chain in the Colombian capital market; its main purpose being to increase the number of products through strategic alliances in Colombia and abroad, thereby creating value for its shareholders. BVC supplemented its strategic planning with broad foresight, with respect to business development in accordance with the objectives of internationalizing the Colombian securities market, developing the value chain, and becoming a high-recall company with close and loyal customer relationships. In terms of international leadership, BVC is a member of the Latin American Integrated Market (MILA), together with Bolsa de Comercio de Santiago, Bolsa de Valores de Lima, and central securities depositories from the three countries. BVC actively participates in industry forums, it is a member of the World Federation of Exchanges (WFE) and it is currently serving as President, and the Ibero-American Federation of Exchanges (FIAB) and it is currently serving as President.

Organization chart

Organization chart

Financial indicators

2016
2015
Net Income (U$S thousands)
9646,55
10128,61
ROE (Net Income/Shareholders’ Equity)
25,52%
22,41%
ROA (Net Income/Assets)
17,29%
16,70%
EBT/Shareholders’ Equity
40,34%
34,16%
EBT/Assets
27,33%
25,47%
 » Bolsa de Valores de Colombia

Clearing, settlement and depositary services

Explanatory table showing the Colombian securities clearing, settlement and custody scheme:

Cuadro-BVC-Ingles

For the equity market, BVC trade settlement is performed on T+3 through the central securities depository DECEVAL. For the fixed income market, settlement is performed on T+0 through central bank Banco de la República, and central securities depositories DCV and DECEVAL.

Central counterparty - CCP

Bolsa de Valores de Colombia has a Central Counterparty mechanism available for derivatives and foreign exchange markets. For the derivatives market, settlement is performed on T-date through the CCP clearing house Cámara de Riesgo Central de Contraparte (CRCC). For the FX market, settlement is performed on T+1 through the Colombian foreign exchange clearing house Cámara de Compensación de Divisas de Colombia (CCDC).

Member of the following organizations

  • Mercado Integrado Latinoamericano (MILA) – 2010
  • World Federation of Exchanges (WFE) – 2004
  • Federación Iberoamericana de Bolsas (FIAB) – 2001*

* Year of merger between Bogotá, Medellín and Occidente Stock Exchanges, forming Bolsa de Valores de Colombia.

Agreements with other Exchanges

  • BM&FBOVESPA – 2011 - Memorandum of Understanding for  interconnected work in Shares, Fixed Income and Derivatives.
  • TMX-TSX – 2012 - Memorandum of Understanding to share information between Exchanges from Colombia and Canada.

Edited by FIAB Secretariat. The information referred to member exchanges and markets compiled in this Handbook has been provided to FIAB by these entities and is updated up to April 18, 2017. Every effort has been made to ensure that the information in this edition is accurate at the time of its publication. FIAB Secretariat cannot accept responsibility for errors or omissions.