Guía de Emisores Acciones BVC ● Guide of Listed Companies 2014 Guía de Emisores Acciones BVC ● Guide of Listed Co | Page 11

Presidente BVC
CEO of BVC

The FuTure

Hand-in-Hand witH
internationalization

The Colombian SeCuriTieS
exChange is a private company
committed to prosperity growth,
and above all to its mission of serving as a meeting point between the
needs of investors and those of companies, who enjoy every day the benefits of participating in the virtuous
circle that drives this industry.
Thanks to the continuous interaction between those requiring
financing and those looking for mechanisms to maximize their savings,
in the past five years the Colombian
capital market has channeled USD
38 billion to the productive sector
through debt and stock issuances.
Precisely to maintain and expand
this good trading dynamic, which is
so vital to economic development, the
BVC has proposed paving the way to

create ever-better opportunities and
to open investment and financing alternatives in the marketplace, even
beyond our national borders.
Today, thanks to the search for
these alliances, which have given
birth to initiatives such as the MILA,
our country has become a leadership benchmark for global investors.
These investors have increased their
participation in local business stocks,
from 7% in 2010 to 25% over 2014,
thus validating Colombia as an attractive destination to come and promote large entrepreneurial projects.
Visibility is the secret in this crusade for internationalization, and the
upcoming entry of Mexico into the
MILA will be an important incentive
for the region to take on the leading
role to which it has been called since

Juan Pablo Córdoba Garcés
CEO

EDITORIAL

juan
pablo
cÓrdoba
garcÉs

the integration of its stock exchanges
first began. Based on figures from the
Inter-American Federation of Exchanges (FIAB for its acronym in Spanish)
at the end of 2013, the markets that
make MILA totaled 727 listed companies, a market capitalization of more
than USD 1,12 trillion and a yearly total amount traded of USD 230 billion,
figures that reach a similar size to Brazil, Latin America’s largest market.
In this process it is important that
brokers, issuers and investors, as well
as the entities to which we provide
market access, together align ourselves
with all that relating to the adoption of
quality standards. This will serve as a
differentiating factor that captures new
businesses in all spheres.
The goal is to take advantage of
progress made in the regulatory field
thanks to cooperation with regulators,
and to use instruments that make it
possible for companies to access these
new markets in search of financing, or
to use issuance mechanisms that are
recognized by international actors. We
also seek to take advantage of global
custodians being introduced into the
local market and the creation of Collective Investment Funds (CIFs).
CIFs currently administer around
USD 26 billion and, thanks to their
structure, permit the creation of new
alternatives for investors.
It is our intention to promote the
introduction of more widely used instruments, such as Exchange-Traded
Funds, of which in Colombia there are
now six. Due to their platform configuration, ETFs allow investors to access
to a wider array of diversified products,
using one single tool.
All of these goals have one single
target, which cannot stray from the
strategy of the market and its actors.
It is this internationalization of the Colombian securities industry which will
set the stage for the construction of a
solid, opportunity-filled future, not only
for those who form part of this business,
but also for the millions of Colombians
who trust in this market as a true asset
of the national economy and who view
it as the best ally to reach their goals.

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