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Sunday, March 24 2019 @ 02:25 AM UTC

Panama, Costa Rica, Salvador plan joint stock market

Money Matters By Mike Power: PANAMA CITY, Sept 12 (Reuters) - Panama, Costa Rica and El Salvador plan to launch a centralized electronic stock exchange in 2007 in a bid to boost liquidity in Central America's young markets, officials said on Tuesday. The yet-to-be-named exchange will deal in stocks and corporate debt, and will open in the next 12 months, said Dulcidio de la Guardia, president of Panama's stock market. "We have signed an agreement with the stock exchanges of Costa Rica and El Salvador to launch or develop a common electronic market for the sale of shares and corporate debts of the countries of the region," he said. The value of stock traded in Costa Rica in 2005 was $203 million; in Panama, it was $301 million and in El Salvador it was $173 million, according to figures from the Ibero-American Federation of Exchanges. (Source)
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