The Santiago Stock Exchange (SSE) ( es, Bolsa de Comercio de Santiago), founded on November 27, 1893, is

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

's dominant stock exchange, and the third largest stock exchange in

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

, behind

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

BM&F Bovespa B3 S.A. - Brasil, Bolsa, Balcão (in English, ''B3 - Brazil Stock Exchange and Over-the-Counter Market''), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country. Its current form can be tra ...

, and the

Bolsa Mexicana de Valores The Mexican Stock Exchange ( es, Bolsa Mexicana de Valores), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchang ...

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

. On December 5, 2014, the Santiago Stock Exchange announced it was joining the United Nations Sustainable Stock Exchanges (SSE) initiative, becoming the 17th Partner Exchange of the initiative.

Operations and indices

The exchange trades in stocks, bonds, investment

funds Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses ...

stock options In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified da ...

futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...

and

silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...

coins minted by the Banco Central de Chile, and US dollars on Telepregón, its electronic platform. The only

floor trading Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orde ...

conducted is the share market, concurrent with screen trading. Settlement for shares is T+2. The stock exchange works every day of the week, except weekends and financial holidays. The Board of Directors determines the schedule, and it generally is from 09:30 AM to 04:00 PM in winter and 05:00 in summer.

Indices

Three Stock enhanced stock market indices are published. The General Stock Price Index (''Indice General de Precios de Acciones'', or IGPA) is a market capitalization-weighted index that measures price variations of the majority of the exchange's listed stocks, classified by sectors according to its activity and revised annually. The index was developed with a base level of 100 as of December 30, 1980. The Selective Stock Price Index (''Indice de Precios Selectivo de Acciones'', or

IPSA ''Ipsa'' is a genus of small or medium-sized sea snails, cowries, marine (ocean), marine gastropod mollusks in the family Cypraeidae, the cowries.WoRMS (2010). ''Ipsa'' Jousseaume, 1884. In: Bouchet, P.; Gofas, S.; Rosenberg, G. (2010) World Ma ...

) is composed of the 40 most heavily traded stocks and revised quarterly. The Inter-10 Index is a volume weighted index of the 10 main Chilean stocks listed in foreign markets through ADRs; its stocks are selected from the IPSA and is revised quarterly.

Futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

are traded on the IPSA and the

U.S. dollar The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...

Building

Like the Club de la Unión, the

Edificio Ariztía Edificio Ariztía is a building located at 52 Nueva York Street in downtown Santiago, Chile, on a wedge-shaped city block. It was completed in 1921 and is considered the first "skyscraper" in Santiago. The building, constructed in reinforced co ...

and the Edificio Ex Hotel Mundial, the building housing the stock exchange was built on land originally owned by the Augustinian nuns. The Iglesia de las Agustinas attests their former presence. The building was completed in 1917.

References

External links

Santiago Stock ExchangeInter-10 Index Quote at BloombergIPSA Quote at BloombergMarket Capitalization Santiago Stock Exchange according to FIAB
{{Authority control Financial services companies established in 1893 1893 establishments in Chile Economy of Chile Financial services companies of Chile National Monuments of Chile Stock exchanges in South America Monuments and memorials in Santiago Economy of Santiago, Chile

Operations and indices

Indices

Building

See also

References

External links