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What is Latibex?

Latibex is the only international market for Latin American securities. The market’s creation, in December 1999, was approved by the Spanish government and it is regulated by the Spanish Securities Market Law.

Latibex is an ideal way to channel European investment efficiently towards Latin America. European investors can buy and sell shares and securities in leading Latin American companies through a single market, with a single operating system for trading and settlement and a single currency, the euro. The market is based on the trading and settlement platform of the Spanish stock market, in such a way that the Latin American securities listed on Latibex are traded and settled like any other Spanish security.

Meanwhile, Latibex gives Latin American companies easy and efficient access to the European capital market. In short, it brings European investors close to one of the world’s most economically attractive regions, streamlining the operational and legal complexity and reducing risks. And this is all achieved in an environment of considerable information transparency.

The Bolsa de Madrid has also consolidated Latibex’s innovative technical and functional organisation. The Co-ordination Agreements between Latibex and Latin American stock markets make for shared and integrated management which, as well as spurring development of the market, promotes its advantages more widely.

MAIN FEATURES OF LATIBEX
Market authorised by the Spanish government
Trading and settlement platformin Europe of the main Latin American companies.
Currency: trading in euros.
Trading: the SIBE, spanish electronic trading system.
Settlement: D+3 through book-entries.
Connected to the market of origin under agreements of Iberclear with Latin American custodians or a link entity.
Brokers: all members of the Spanish stock market. Members of Latin American markets can also operate.
Specialist brokers: they provide a purchase and sale price at all times, linked to a certain trading volume in order to meet the requirements of any investor.
Indices:
i)FTSE Latibex All Share, which covers all the companies traded on Latibex.
ii)FTSE Latibex Top, which covers the 15 most liquid securities traded on Latibex.
iii)FTSE Latibex Brasil, which covers the most liquid securities from Brazil traded on Latibex.
* The indices are drawn up in conjunction with the FTSE, the company responsible for the indices of the Financial Times Group.
Transparent information: the listed companies provide the market with the same information they supply to the regulatory entities of their markets of origin.

 

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