Bolsa de Valores de la República Dominicana

Bolsa de Valores de la República Dominicana

Non-listed Corporation

María Antonia Esteva de Bisonó - Chairwoman

María Antonia Esteva de Bisonó - Chairwoman

Authorities

Chairwoman

María Antonia Esteva de Bisonó

Vice-Chairman

William Malamud

Treasurer
Conrad Pittaluga

Member
Gustavo Volmar

Marcos Peña

Shareholders
Francina Marte – Secretario
(Parallax Valores, Puesto de Bolsa S.A. representative)

José Antonio Fonseca – Miembro
(CCI, Puesto de Bolsa S.A. representative)

Guillermo Arancibia – Miembro
(JMMB, Puesto de Bolsa S.A. representative)

Katty Cepeda – Miembro
(Excel, Puesto de Bolsa S.A. representative)

 CEO / General Manager
Felipe Amador

Calle José Brea Peña 14, Edificio BVRD
Evaristo Morales, Santo Domingo, Dominican Republic

Phone: (1 809)-567-6694
www.bvrd.com.do

Main products and markets

  • Fixed income
  • Shares (Fund units)

Main shareholders

BHD Valores, S.A
Inversiones Popular, S.A
JMMB Puesto de Bolsa, S.A
Parallax Valores Puesto de Bolsa, S.A
Valores León, S.A
Citinversiones de Títulos y Valores, S.A

Trading hours

Capital market
Schedule
Fixed Income
09:00 to 13:00

Market data

(Additional information at www.fiabnet.org)
Item
2013
2010
2009
2008
Market value of bonds listed (US$ millions)
889
728
644
510
Number of Brokerage firms
16
13
11
n.d.
Number of bond issuers
20
20
19
15
Number of trades in bonds (in thousands)
1.70
3.48
1.83
1.66
Total value of bond trading ( US$ millions)
2,942
1,106
772
1,245
Market value of bonds listed - (US$ millions)
Number of trades in bonds - (in thousands)
Total value of bond trading - (US$ millions)

Brief history

 » Bolsa de Valores de la República Dominicana

On April 5, 1980, a group of businessmen started meeting with the purpose of formally creating a securities market, as well as a regulatory body which would guarantee the transparency and efficiency of transactions executed on such market.

This group, consisting of Ricardo Valdés Albízu, Hector Rizek, Ramón Mena, Winston Marrero, Otto Montero, Frederic Eman-Zadé, Luis Sabater, and Rosendo Alvarez III, was called Managing Committee.

By mid-1986, the National District Chamber of Commerce and Production, headed by its Chairman Felipe Auffant Najri, stated that it was interested in the Managing Committee’s project and, from then onwards, such Committee decided to keep on executing that project with the support given by the Chamber of Commerce. Thus, they quickly initiated the required proceedings to shape the formation of Bolsa de Valores de Santo Domingo Inc.

One of the first steps consisted in hiring Robert Bishop, retired Vice-Chairman of the New York Stock Exchange, to provide advisory services in order to conduct a feasibility study on the creation of a Stock Exchange, and further issue the appropriate recommendations.

On November 25, 1988, the Executive Branch issued Order No. 544-88, establishing Bolsa de Valores de Santo Domingo Inc., as a non-profit association, wholly sponsored by the National District Chamber of Commerce and Production. Its main objective was the creation of a secondary market that would promote and facilitate channeling savings towards investment through securities trading.

By 1997, stock-exchange transactions had spanned nationwide, and the Exchange became a national securities market. Therefore, on March 31, 1997, Bolsa de Valores de Santo Domingo Inc. was renamed as Bolsa de Valores de la República Dominicana Inc., so that it would reflect the fair size of its transactions.

On May 8, 2000, the Executive Branch approved Securities Market Law No. 19-2000, whose main purpose was to regulate and promote the securities market in an orderly, efficient, and transparent fashion, thus contributing to the country’s economic and social development.

Law 19-2000 provides for a legal structure and a regulatory framework that included the restructuring of BVRD into a for-profit corporation on December 17, 2001.

Organization chart

Organization chart

Financial indicators

2013
2012
Net Income (U$S thousands)
1,430.20
640
ROE (Net Income/Shareholders’ Equity)
31%
20%
ROA (Net Income/Assets)
29%
19%
EBT/Shareholders’ Equity
33%
21%
EBT/Assets
31%
19%
 » Bolsa de Valores de la República Dominicana

Clearing, settlement and depositary services

For purposes of providing these services, Bolsa de Valores de República Dominicana has created Central Securities Depository CEVALDOM S.A., in which BVRD has a 32.50 percent ownership interest.

Central counterparty - CCP

A Central Counterparty mechanism is not available.

Member of the following organizations

  • Cámara Americana de Comercio (AMCHAMDR) – May 2011
  • Cámara de Comercio Española – May 2011
  • Federación Iberoamericana de Bolsas (FIAB) – September 2009.
  • Consejo Nacional de la Empresa Privada (CONEP) – March 1997
  • Asociación de Bolsas de Centroamérica y el Caribe ( BOLCEN)

Agreements with other Exchanges

BVRD has not entered into agreements with other Stock Exchanges.

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 October 31, 2013. 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.