FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Latin America: Investors News Letter 10 May 2013

Mexico

Mexico Industry Output Falls Three Times More Than Forecast

Mexico’s industrial production fell three times more than analysts forecast in March, reinforcing expectations that the central bank will cut interest rates for the second time since 2009 later this year.

Factbox: Key facts about Mexico’s tax system

MEXICO CITY – Mexico’s new government has promised a comprehensive review of its tax system, to be announced in the second half of 2013 along with an overhaul of energy policy.

Obama tells Mexicans a ‘new Mexico’ is emerging

US-Mexico Stereotypes Must Be Broken

America Movil sees material impact from Mexico telecom reform

Brazil

Despite winning top world trade job, even Brazil looks beyond WTO

Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO’s main mission – pushing forward in global trade talks – looks for the moment like a lost cause.

BM&FBovespa Quarterly Earnings Trail Estimates as Costs Increase

Petronas Malaysia bolsters Brazil’s Batista with $850 million oil-field buy

Venezuela’s Maduro gets firm Brazilian backing, trade

Brazilian M&A Picks Up as Asians Seek Cheaper Oilfields

Latin America

Argentina’s Deadbeat Special: Buy a 4% Bond or Go to Jail

Panama Canal Cuts Water Use as Drought Prompts Energy Rationing

Brazil’s Odebrecht plans $20 billion spend, targets Peru as key investment
CHICAGO TRIBUNE – Brazilian conglomerate Odebrecht plans to invest $20 billion globally over the next three years, mostly in Latin America and much of it in Peru

Saipem wins $500m offshore contracts in Latin America
– Italy-based engineering services provider Saipem has received new engineering and construction (E&C) offshore contracts, worth a total value of $500m, in Latin America.

APMT prepares for high growth markets
Although global container volumes are not predicted to grow as rapidly over the next five years as they have over the past decade, high growth emerging markets will require higher levels of productivity and rely heavily on expanded inland services

Cartagena aims to be a global megaport by 2017
The Colombian Caribbean port of Cartagena is undertaking extensive infrastructure and technology upgrades in an effort to be one of the world’s 30 best megaports by 2017.

Filed under: Argentina, Brazil, Central America, Chile, Colombia, Energy & Environment, Malaysia, Mexico, News, Peru, Risk Management, Venezuela, , , , , , , , , , , , , , , , , , , ,

Latin America: Investors News Letter 31 March 2013

Brazil

Brazil’s Mantiq To Raise Money Abroad For Infrastructure Fund
Mantiq, which was spun off from Banco Santander Brasil SA (BSBR, SANB4.BR) last year, currently manages three private equity funds with total investments of about 2.5 billion Brazilian reais ($1.27 billion). In addition to a fund that invests in the oil and gas industry supply chain, and another that invests in renewable energy and other environmentally sensitive technologies

Brazil to help banks bolster infrastructure financing-official
The Brazilian government is considering measures to help private banks finance the massive infrastructure projects that are key to reviving Latin America’s largest economy.

Strike Shuts Down 36 Brazilian Ports

Central America

Logistics and Transport: A Long Road to Travel in Central America

Why is it more expensive shipping tomatoes from San Jose, Costa Rica, to Managua in Nicaragua than it is to San Jose, California, which is 10 times the distance? According to Google, the distance between the Costa Rican capital and Managua is 430 kilometers, whereas 5,400 kilometers separate San Jose from the Californian city.

Barletta: 2013 should be a good year for logistics development
Panama is one of the rising stars of Latin America’s economy. The construction of large infrastructure projects, such as the $5.2 billion Panama Canal expansion and a $1.8 billion subway in the capital city, have boosted the country’s economy to 10.5% growth and reduced unemployment to 4.8% in 2012.

Jamaica ahead in race to be logistics hub of the Americas
The race to be the logistics hub of the Americas has already begun with the addition of Jamaica that has revealed its intention to position the island as the rival of Singapore. A similar situation is raking place with the Dominican Republic, while in Panama there is still a debate on the need for a long-term strategy that includes where to locate logistics parks.

Filed under: Banking, Brazil, Central America, Energy & Environment, Risk Management, , , , , , , , , , , ,

Bloomberg and El Financiero to Launch Spanish-Language HD Channel in Mexico and Central America

Partnership Will Create Local Content across Television, Web, Mobile and Print

 Bloomberg Media Group, a division Bloomberg L.P., and El Financiero, the media branch of Grupo Lauman, an integrated solutions company, today announced a long-term agreement to launch a new multi-platform Spanish-language business news service. The companies will create a high-definition television channel that combines Bloomberg’s global business and financial insight with locally-produced content. The service will be offered in Mexico and Central America. The companies also plan to offer content online, on mobile sites and in print with a co-branded section in El Financiero newspaper.

“Mexico is one of the fastest-growing economies in the world, and our agreement with El Financiero allows Bloomberg to deliver the sharpest global business and financial insight to a critical market,” said Andy Lack, CEO of Bloomberg Media Group. “This is a significant part of the company’s strategy of forming partnerships with leading providers in markets that have a compelling economic growth story, as we have done in India, Turkey, Mongolia, Indonesia, Africa and the Middle East.”

“The new venture with Bloomberg will provide local investors, businessmen and opinion makers, with high-quality, relevant content that moves markets,” said Manuel Arroyo, President and CEO of Grupo Lauman and El Financiero. “We look forward to bringing to the table Mexico’s key influencers to further the discussion around this region’s economic growth.”

Scheduled to launch in late 2013, this will be the first business news channel available in HD throughout Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. It will be broadcast from El Financiero’s new HD studio in Mexico City. An executive producer from Bloomberg Television will be appointed to work alongside El Financiero to assist in the production of the network’s economic and business coverage. The programming will draw from Bloomberg’s extensive financial and economic data as well as reporting from the company’s 2,400+ journalists in 146 news bureaus across 72 countries.

Mr. Arroyo, along with Enrique Quintana, Chief Editor of El Financiero, will participate in the Bloomberg Mexico Economic Summit at the Club de Banqueros de Mexico. This event gathers the country’s most influential political, financial and corporate minds to discuss the critical issues surrounding the region’s growth.

Source: Bobsguide, 21.03.2013

Filed under: Central America, Latin America, Mexico, News, , , , , , , , , , ,

GFI Group to Supply Market Data to Mexico’s PiP LATAM

GFI Market Data, a division of GFI Group Inc. (NYSE:”GFIG”) announced today that it has signed an agreement with Mexico’s Proveedor Integral de Precios “PiP” under which GFI Market Data will become an official price contributor to PiP’s eurobond pricing and curve calculations.

PiP started operations in the year 2000 and was the first price vendor company authorized by the Mexican Securities Commission (CNBV) to provide prices for the valuation of financial assets. They currently have operations in Mexico, Peru, Colombia, Panama and Costa Rica.

Francesco Cicero, Head of eTrading at GFI Group said: “We are very happy to be working with PiP and to be able to supply them and their clients with an independent view of the eurobond markets derived from our highly experienced brokers as well as from our premier electronic trading screen for fixed income, GFI CreditMatch®”.

PiP distributes official closing prices via its PiP- Latam© system.

GFI Market Data provides real bid and offer prices and spreads for a broad range of instruments including asset backed securities, corporate bonds, emerging market bonds, floating rate notes, high yield bonds and structured products. Sourced directly from GFI CreditMatch®, our award-winning electronic trading platform for bonds and fixed income derivatives GFI data reflects market sentiment rather than indications gleaned through aggregated pricing.

Source: Bobsguide 03.01.2013

Filed under: Colombia, Data Vendor, Latin America, Market Data, Mexico, Peru, , , , , , , , , , ,

Alternative Latin Investor: Hedge Fund Latin America Issue 19

We are proud to announce the launch of our 19th issue of Alternative Latin Investor, with a special focus on Hedge Funds within the region.

Special Issue: Hedge Funds Latin America

 LatAm’s Maturing Hedge Fund Industry  – The Need for More Managers in the Andean Region

Why LatAm Equity Funds are Looking Beyond Brazil

LatAm Hedge Fund Experts Weigh in on the Current Political and Economic Context

Hedge Fund Marketing Post-JOBS Act: Concepts to Begin the Advertising Conversation

Victor Hugo Rodriguez of LatAm Alternatives
LatAm’s Maturing Hedge Fund Industry

As they did in 2011, LatAm hedge funds are leading the world in returns in 2012. According to the November Eurekahedge Report, which tracks global returns through October, LatAm is up 8.17% in 2012, well head of Asia ex Japan, with 6.40%, and emerging markets in general, with 6.14% …

Latin American Art
2012 Auction Recap
Following inconsistent results during the 2-week stretch of mega-auctions of Impressionist/Modern and Art Post-War/Contemporary art at Sotheby’s, Christie’s and Phillips, anticipation for the Latin American art sales ran high. Evening sales featuring Latin American masterworks at both major auction houses preceded considerable day-sale offerings …

…and much more. Banking, Regulations, Political Risks,  Foreign Direct Investment, Renewable Energy, Agri Business, Wine Investment, Infrastructure, Art Investment

Please view and access Issue 19  in the following formats

Virtual Viewer    http://www.alternativelatininvestor.com/issue19-preview.htm

For more details and information please view http://www.alternativelatininvestor.com

Source: AlternativeLatinInvestor 14.12.2012

Filed under: Argentina, Brazil, Central America, Chile, Colombia, Energy & Environment, Latin America, Mexico, News, Peru, Risk Management, Wealth Management, , , , , , , , , , , , , , , , , , ,

Latin America: Investor News Letter 21.September 2012

Mexico

Analysis: China worries spur Mexico stock market flows

MEXICO CITY – Mexico has been on the wrong side of China’s economic boom for the last decade, but is now seeing an upturn in its fortunes as the Asian powerhouse’s economy slows and international stock pickers look to hedge their bets.

Can Mexico live up to its investment potential?
Deutsche Bank Downbeat On Brazil In Wake of Intervention; Mexico Retail Sales Up

Mexico, the “Forgotten” Emerging Market


Brazil

Brazil mulls raising Mexico car trade quota – sources

Brazil is considering raising a three-year bilateral auto trade pact quota it agreed to with Mexico in March, potentially allowing Mexican exporters to sell around $350 million worth of additional vehicles to the Brazilian market annually.

Brazil: PE cools in Brazil, warmes in Mexico and Andes

US urges Brazil in “clear terms’ not to hike tariffs

Brazil reacts to US stimuli saying it will keep the Real ‘devalued’ and competitive

Brazil ethanol returns to US as biofuel rules pave way

Goldman Sachs Plans Private-Equity Comeback in Brazil


Latin America

Colombia rapidly becoming another “positive surprise” from Latinamerica

Uruguay’s economy suffers slight deceleration in 2Q but on track to the 4% target

IMF calls on Argentina to implement measures on the quality of official data

Moody’s changes Argentina rating outlook to negative from stable

Deal Analysis: Panama City Metro Line 1

Gazprom in talks with Argentina’s YPF on LNG supplies

Private equity in LatAm: less new money, more deals

Shadow banking to dominate in LatAm projects

Cuba struggles with foreign investment, growth

China Steps Up Push Into Latin America

Korean Art fair highlights Latin American art

Filed under: Argentina, Banking, Brazil, Central America, Chile, China, Colombia, Energy & Environment, Events, Latin America, Mexico, Peru, Risk Management, Wealth Management, , , , , , , , , , , , , , , , , , , , , , ,

Alternative Latin Investor: Latam Family Office January 2012 Issue Nr 13

The Alternative Latin Investor Issue #13 is focusing on family offices.  With some great content this issue, from maverick economist Doug Casey, estimates on the effect of climate change in the region, and of course with premium focus looking at the needs, attitudes and opinions of family offices in LatAm. Below some of the other content of issue #13.

 Renewable Energy 

  • Electric Energy Storage in Latin America: Smart Grid Technologies.

Funds 

  • Top Ten LatAm Hedge Funds
  • Mutual Funds in Argentina
  • Latin America fund assets to exceed $3 trillion by 2020

Emerging Markets

  • 2012 Should Be Better: A wasted year for LatAm Stock Markets
  • Investors Beware of Brazilian FIDCs (ABS) Backed by Consumer Credit

Agribusiness

  • Gauging the Effects of Climate Change on Brazilian Agri Output
  • 2011 Agribusiness Round Up

Forex

  • SPOT-trade’s Facundo Molina on Forex and CDFs
  • Mitigating Currency Risk when investing in LatAm

Private Equity 

  • A Primer on Colombian Taxes for the PE Investor

Art

  • Meso-American Remix
  • LatAm auction recap: Sotheby’s and Christie’s

Issue Focus: LatAm Family Business

 Please view and access Issue 13 in the following formats

Virtual Viewer
http://www.alternativelatininvestor.com/issue13.html
PDF
http://www.alternativelatininvestor.com/issue13.pdf 

For more details and information please view http://www.alternativelatininvestor.com

Source: AlternativeLatinInvestor 23.12.2012

Filed under: Argentina, Brazil, Central America, Chile, Colombia, Energy & Environment, Events, Latin America, Mexico, News, Peru, Services, Wealth Management, , , , , , , , , , , , , , , , , , , , , , , , , ,

LatAm Real Estate Report 2010 – Alternative Latin Investor

Alternative Latin Investor is proud to present our latest special report, LatAm Real Estate: 2010.

We cover the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacifico Project.

Please register for the free the report at http://www.alternativelatininvestor.com/registration.html

We appreciate any comments or suggestions for future reports you may have, please email us at info@alternativelatininvestor.com

Filed under: Argentina, Brazil, Central America, Chile, Colombia, Latin America, Mexico, Peru, Services, , , , , , , , , , , , , ,

Scotiabank Inverlat S. A. de México automatiza los procesos de fondos mutuos con el sistema de gestión de inversiones Charles River

Simplifica el flujo de trabajo; asegura el cumplimiento de todos los títulos e instrumentos de deuda locales e internacionales

21 de octubre de 2010 – Charles River Development (Charles River), un proveedor de soluciones de software de inversión para las áreas de gestión, operación, cumplimiento, riesgos, cálculos de medidas de desempeño, atribuciones, análisis de riesgos, y tecnología de la información (front-and middle-office), anunció hoy que Scotiabank Inverlat, S.A. (Scotiabank México), uno de los grupos bancarios más grandes de México, ha implementado el sistema de gestión de inversiones (Charles River IMS) a través de su subsidiaria Scotia Fondos. El proyecto de fases múltiples, entregado puntualmente, es parte de la iniciativa de Scotia Fondos para automatizar sus procesos de Fondos de Inversión locales e internacionales con 16 opciones de cartera diferentes en una única plataforma consolidada.

Los usuarios de Scotia Fondos se benefician de herramientas avanzadas de toma de decisiones y análisis, gestión de cartera y transacciones automatizadas, y supervisión del cumplimiento previo a la transacción en tiempo real de todas las clases de activos, incluso capitales, mercados monetarios, fondos mutuos, así como también instrumentos de renta fija corporativos y gubernamentales mexicanos, tales como Bonos, CETES y UDIBONOS. Durante el proyecto inicial, Charles River automatizó los procesos de gestión y transacciones de cartera de capitales de Scotia Fondos, así como la supervisión del cumplimiento. La segunda fase consolidó las capacidades a lo largo de los procesos de renta fija de la empresa.

“Necesitábamos un sistema ultramoderno y un proveedor con experiencia comprobada en apoyar las necesidades de los gestores de activos de México; Charles River entregó ambos”, dijo Ernesto Diez, Director General, Scotia Fondos. “Nuestros gestores de carteras ahora pueden estar a la cabeza del mercado al analizar e implementar rápidamente los cambios en las carteras. También podemos validar que nuestras carteras cumplan con todas las obligaciones, en cualquier momento y para cualquier clase de activo”.

El respaldo a los numerosos requisitos del mercado local de México fue crucial para este proyecto. Charles River IMS permite a Scotia Fondos gestionar y ejecutar transacciones para todos los instrumentos de deuda gubernamentales y corporativos mexicanos. Los operarios de fondos mutuos de la empresa también pueden ejecutar préstamos de valores, dar apoyo a contratos de recompra y reequilibrio contra los índices mexicanos. Además, la arquitectura abierta de Charles River facilita a Scotia Fondos integrarse con su sistema de contabilidad propietario, así como con proveedores de servicios de apoyo administrativo (back-office), tales como Bloomberg para cotización en tiempo real, y Valmer, propiedad de la Bolsa de Valores mexicana, para información de riesgo.

Charles River IMS da apoyo a tipos de títulos específicos para la región y flujos de trabajo asociados, incluso certificados de inversión corporativos y gubernamentales mexicanos. En un futuro cercano, Scotia Fondos continuará con la implementación de la funcionalidad de cobertura y cálculos de exposición de derivados avanzados de Charles Rivera IMS, para ayudar a sus clientes a cumplir con la reglamentación mexicana, como las reglas de la Comisión Nacional Bancaria y de Valores (CNBV), al hacer una supervisión y gestionar la exposición previa y posterior a la transacción de instrumentos derivados. Las bibliotecas prefabricadas de cumplimiento de Charles River contienen más de 1.700 reglas de ejemplo generales y normativas a lo largo de 35 organismos reguladores de 20 países, incluso una biblioteca completa de reglas para México.

“Charles River proporciona a los gestores de activos en México soluciones sofisticadas pero fáciles de usar para expandir sus operaciones a nuevas clases de activos y mercados, para entregar una ventaja competitiva que respalda el crecimiento comercial”, dijo Spiros Giannaros, Vicepresidente de Ventas, Americas, Charles River Development.

Charles River brinda apoyo a cinco empresas clientes en México, y presta servicios a más de una docena de empresas a lo largo de Brasil, Chile, y Panamá.

Fuente: CRD 21.10.2010

Filed under: Data Management, Latin America, Mexico, Risk Management, , , , , , , , , , , , , , , , ,

Panama: Banco General live on Charles River IMS

Charles River Development (Charles River), a front- and middle-office investment software solutions provider, today announced that Banco General, S.A., the largest private banking institution in Panama, is live on Version 9.1 of the Charles River Investment Management System (Charles River IMS).

The project, delivered on-time and on-budget, is part of Banco General’s initiative to automate the firm’s wealth management operations. Key project goals included: integrating workflows of Banco General’s Private Banking unit and BG Valores brokerage subsidiary on a single platform; providing access to remote brokers; and enabling real-time electronic trading via FIX (Financial Information eXchange).

Over 50 Banco General users benefit from Charles River IMS’ automated portfolio management, trading, and compliance monitoring, as well as seamless integration with accounting and other back-office providers. Users include 39 remote BG Valores brokers who leverage the Charles River Anywhere browser-based workstation to remotely monitor and manage portfolios, compliance, trades and post-trade information in real-time for wealth management clients. The Charles River FIX Network enables Banco General to route orders electronically to its primary offshore broker.

“Charles River IMS has increased our efficiency and reduced operational risk, creating a unified platform and delivering remote capabilities to service both our Private Bank and BG Valores clients,” said Carlos E. Samaniego, Assistant Vice President, BG Valores. “We now have fully-integrated order capture and trading workflows, and FIX trading capabilities. We can also validate compliance anytime – across all asset classes and domestic and international orders – whether trading Panamanian Bolsa de Valores securities, fixed income instruments, hedge funds or mutual funds.”

Supporting BG Valores’ remote brokers was a key project goal. With Charles River Anywhere, brokers can quickly originate client-directed orders and access account information in real-time. “Charles River understands the wealth management business,” said Samaniego. “They have delivered the best technological solution, training and support to meet our operational needs, as well as tools to help build client relationships.”

Banco General also streamlined its processes for trading equity and options orders with real-time global electronic FIX trading through the Charles River Network. The firm connects to its brokers via Charles River’s low-cost, internet-based Virtual Private Network option. Charles River’s FIX Network Services provides Banco General with complete FIX software administration, connectivity management and support for each sell-side broker and trading destination. The Charles River Network is fully integrated with Charles River IMS and includes over 120 buy-side firms, 440 broker-dealers, and has 3,700 live broker/client FIX connections.

“Charles River helps wealth managers, like Banco General and BG Valores, support high volumes of high-net worth, SMA, UMA, UMH and discretionarily-managed portfolios,” said Spiros Giannaros, Vice President-Sales, Americas, Charles River Development. “Many of our wealth management clients have rolled out Charles River Anywhere to their Financial Advisors because it increases their efficiency by making account information available 24×7 – anywhere.”

Source: Finextra, 21.07.2010

Filed under: Banking, Data Management, Latin America, News, Services, Wealth Management, , , , , , , , , ,

A Definitive Guide to Investing in Panama

Following up with last years release of the Offshore Banking report which, in the midst of the global banking crisis, gravitated towards Panama, Alternative Latin Investor has released an in-depth report of the of the country.

Through extensive interviews, site visits and research the report deals with the main sectors relevant to foreign investors, Real Estate, Commodities, Banking and General Business practices as well as an exclusive interview with Former Panamanian president Nicolás Ardito. With Panama being the integral point of trade and business in the Caribbean, this report provides essential insight for those interested in getting involved in the region.

The economic overview analyzes the trends and indicators affecting the outlook of the Panamanian economy. The real estate portion of the report covers where to invest, coastal developments and “insider tips” from the director of a local Real Estate firm. For those interested in commodities investing – the report highlights the prized Panamanian Geisha coffee bean as well as a complex discussion regarding Teak investment in the region. The final segment covers the details and benefits of banking in panama.    

Alternative Latin Investor Panama Report For free access to the full content of both Panama Outlook 2010 and other ALI publications, visit: http://www.alternativelatininvestor.com

 About Alternative Latin Investor:

ALI believes in the future of the Latin American alternative investment industry, but feels there is a lack of information regarding this sector which does not allow for growth or global exposure.


Every two months ALI releases a digital magazine
  in addition supplemental in-depth reports area also released, such as the just the current Panama Outlook: 2010 as well as Offshore Banking: Latin America 2009.  Both LatAm Commercial Real Estate and Latin Hedge Funds are slated for release later this year.


Through creating a platform for industry professionals to submit articles concerning their areas of expertise, investors can benefit from the experience of alternative investment insiders. Through participation in Alternative Latin Investor industry professionals will be able to create new synergies both within the region and beyond.

Filed under: Banking, Central America, Latin America, News, Services, Wealth Management, , , , , , , , , , , , ,

Alternative Assets in Latin America: Expert Panel Discusses June 15, 2010

Please join Alternative Latin Investor and Focus Point Press June 15th for a round table webinar of industry experts discussing alternative assets in Latin America.  http://www.alternativelatininvestor.com/Webinar/AlternativesAssetsInLatAm.pdf
Our Panel:

Brigitte Posch
PIMCO Executive Vice President and Portfolio Manager in its emerging markets group. Prior to joining PIMCO in 2008, she was a managing director and head of Latin American securitization and trading at Deutsche Bank.

Will Landers
CFA, Managing Director, Senior Portfolio Manager, is the portfolio manager for the BlackRock Latin America Fund, the BGF Latin America Fund, the BSF Latin American Opportunities Fund and the BlackRock Latin American Investment Trust PLC.

Andrew Cummings
Founder and Chief Investment Officer of Explorador Capital Management, LLC.

Eric Saucedo
Partner at Tricap Partners & Co., an investment banking firm focused on early-stage and middle market growth companies.

Topics:

-How alternative investment vehicles are faring in this recovery phase of the crisis
-What strategies performed the better than others
-What regions, sectors and vehicles are looking good for the coming year
-New players to the region who we should keep an eye on
-Growth of regulation in the alternative space
-Where new capital to Latin America is coming from
-Participation of both, foreign and domestic institutional investors
-How LatAm stacks up against other emerging markets
-The effect of Chavez on investor confidence in LatAm investments
-How sustainable is Brazil
-Countries to watch

Date: Tuesday, June 15
Time: 1pm EST
Price: 89.00USD
Register at http://www.regonline.com/Checkin.asp?EventId=866305

For more information please see,
http://www.alternativelatininvestor.com/Webinar/AlternativesAssetsInLatAm.pdf

Filed under: Argentina, Banking, Brazil, Central America, Chile, Colombia, FiNETIK Events, Latin America, Mexico, News, Peru, Services, Venezuela, Wealth Management, , , , , , , , , , , , , , , , , ,

Is Latin America the future of offshore banking?

The Climate Of Greater Transparency And Stricter Regulation Is Forcing Great Changes In The Offshore BankingWorld; Latin America’s Industry Is Poised and Ready For The Future. Offshore Banking. Latin America 2009 combines interviews, analysis and expert opinions on all the most important factors shaping the industry in the region today.

Register for free at www.alternativelatininvestor.com to download full report.

Offshore Banking_Latin America 2009 Source: Alternative Latin Investor, September 2009

Filed under: Argentina, Banking, Brazil, Central America, Chile, Latin America, Mexico, News, Services, Wealth Management, , , , , , , , , , , , , , ,

Colombia Stock Exchange seeks regional integration

Colombia’s Bolsa de Valores (BVC) is actively looking to merge with other Latin American Exchanges and has been in talks with the Lima Exchange (BVL) as well as Panama’s (BVP), according to a New York based Equity Analyst covering exchanges. “Colombia is pushing for integration and has already signed several MOUs with Lima”, the analysts says. See also pervious FiNETIK news 04.08.2008.
One problem is that while the Columbian Exchange has talked to Lima, it has not talked to Cavali, Lima’s ClearingHouse. The Lima exchange owns 30% and if an offer for the exchange does not include Cavali another party could set up an other trading system.
Source: LatinFianance, 24.04.2009

Filed under: Central America, Colombia, Exchanges, News, Peru, , , , , , , , , , ,

Central America Exchanges meet to agree on comon platform; Costa Rica, El Salavador and Panama

Today, in Panama, the stock exchanges of Costa Rica (BNV), El Salvador (BVES) and Panama (BVP) started working with the aim of advancing an integration plan. During today and tomorrow, the exchanges’ managers will discuss the establishing of a common trading platform, the single order book, remote membership and the necessary legal and regulatory infrastructure.

“We are giving all our support and pressing the accelerator on this project because it is a plan that concerns us all in Central America,” said Rolando Duarte, president of the BVES. In an effort to incorporate in the process the stock market participants from the region, Duarte said that each country will hold meetings with their house brokers, to push their players closer to the remote model.

The countries are working according to schedule. It only remains to agree on and purchase the trading system. To find the best option at a global level it will be put out to tender. The details of the tender are not defined yet but it will be given to the company that can provide a platform that allows real-time connection with the three stock exchanges. The Inter-American Development Bank (IDB), that sponsored the first part of the process, will be asked again to support the purchase.

Duarte said that the set up of AMERCA is progressing according to schedule, and the first results of the integration will be seen in June 2009. This week’s meeting is also expected to discuss the expansion of the Panama Canal, with the idea that local markets are taken into account in the financing plan for the project.

Source: MondoVision 13.10.2008

Filed under: News, , , , , , , , , , , ,

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