An investor relies on economic information for decision-making on this market. All necessary details can be found at Caracas Stock Exchange where investors can obtain all their data needs.
BVC began operating solely electronically since February 1992 when it introduced an advanced system. Their brokers buy and sell shares in Venezuelan companies as well as government debt instruments.
Origins
La Bolsa de Valores de Caracas (BVC), is a Venezuelan stock exchange operating under its Capital Market Law. BVC makes available 31 titles from 21 companies to investors including Productos EFE, National Credito Bank, Cantv and Ron Santa Teresa – providing investors with competitive investment returns while satisfying shareholder returns.
BVC was established in 1947, merging with another competitor in 1974 to form its current form in 1975, holding its inaugural trading session on April 21, 1975. At its Extraordinary Shareholders Meeting held May 6, 1976, they decided to rename it Bolsa de Valores de Caracas C.A and change to its present structure with 43 shareholders or stockbrokers as members – this number eventually increasing up to 63 in 1995.
The BVC is a member of both the Latin American Federation of Stock Markets and Superintendencia Nacional de Valores for regulation purposes, World Federation of Stock Exchanges, and International Association of Securities Dealers. At present, it features three indices – Indice Bursatil Caracas as its flagship index; Financiero Indices Financiero Indices Industrial Indices as sectorials.
Functions
Venezuela’s current economic crisis has given birth to the Bolsa de Valores de Caracas (BVC), which serves as an oasis of sorts within an ocean of hyperinflation and shortages. Many ordinary citizens have taken hope from its establishment; yet it is yet unknown whether its longevity can be sustained.
BVC Securities Exchange in Venezuela is fully electronic since February 1992 and operates under Venezuelan Capital Markets Law, providing brokerage services. Furthermore, publications including stock market diaries and newsletters as well as online products like its stock market movement tracker have also been produced by BVC since February 1992.
In the early 1970s, Casas de Bolsa operated throughout Colombia. These institutions exploited a loophole in the currency system: while purchasing U.S. dollars was prohibited by law, selling bonds denominated in bolivars was not. People purchased government debt in bolivars and later exchanged it at rates much higher than what had been officially determined; by doing this they made enormous sums through brokers.
Symbols
Bolsa de Valores de Caracas (BVC), established in 1960, is one of the oldest stock markets in Latin America and operates under Venezuela’s Capital Markets Law. Offering brokerage services and trading in bolivar soberano (Venezuelan Sovereign Dollar), BVC also belongs to Latin American Federation of Stock Markets as an affiliated market and publishes an index known as IBC that tracks share values issued by Venezuelan companies.
The BVCA is organized into numerous Segment MICs. Each Segment MIC has its own trading calendar and operating hours. Furthermore, they may have various trading schedules for specific products, securities, or assets types.
The BVCA provides several pages that help users with processes such as subscription to services, user registration and status verification. Furthermore, the company publishes periodicals like Caracas Stock Market Diary which provide users with trades, indicators, company information on issuing companies as well as more. Since 2000, BVCA has used Financial Information eXchange Protocol v4.1 (Fix Protocol) as its standard method for sending real time data out via information diffusers.
Regulations
La Bolsa de Caracas (BVC) is overseen by Venezuela’s Securities Market Commission (Comision Nacional de Valores or CNV). This body regulates it according to securities marketing law and transaction law as well as internal procedures of the exchange. Furthermore, all registrants must join BVC before trading on it; this applies both houses of bolsa as well as corredores who wish to trade titulos valores on it.
Organizations whose equity titles trade on the Caracas Stock Exchange must promptly inform the President of CNV about any decisions their administrators take in Asamblea de Accionistas that could affect shareholder benefits or alter estimated acciones pricing estimates. Investors use such information to assess a purchase or sale decision; specifically, economic information provided by issuer companies will aid their analysis as will their public announcements of commercial offers from these entites to study their profiles and long-term perspectives.
Trading hours
The Bolsa de Valores de Caracas (BVC), also known as Venezuela’s stock exchange, provides trading in stocks, money market instruments, fixed income securities, exchange-traded funds (ETF), derivatives and foreign securities. BVC operates under Venezuelan Capital Markets Law while SSE serves as another alternative stock market exchange. Brokerage services can also be found here.
BVC Exchange was first established in 1947 and merged with another exchange in 1974. Since February 1992, electronic trading has been offered on this exchange; and in 1997 began offering electronic trading as well. Today it serves as an important financial center in Venezuela while trying to attract foreign investors despite limited resources; however, due to Venezuela’s current economic turmoil there have been doubts as to whether or not BVC can serve as a suitable investment venue.
Assessing a company’s financial health can be done through its debt to equity ratio. This figure is calculated by dividing total debt by shareholder equity, and low figures indicate strong financial health; however, keep in mind that this ratio does not take into account cash or short term investments as part of this calculation.