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

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

, and the third largest stock exchange in Latin America, behind Brazil's

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 tr ...

, and the Bolsa Mexicana de Valores in Mexico. 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

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

s, bonds, investment funds, stock options,

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 and silver coins minted by the Banco Central de Chile, and US dollars on Telepregón, its electronic platform. The only floor trading 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 In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of the ...

are published. The General Stock Price Index (''Indice General de Precios de Acciones'', or IGPA) is a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

-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 gastropod mollusks in the family Cypraeidae, the cowries.WoRMS (2010). ''Ipsa'' Jousseaume, 1884. In: Bouchet, P.; Gofas, S.; Rosenberg, G. (2010) World Marine Mollusca ...

) 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.

Building

Like the

Club de la Unión The Club de la Unión is a non-profit Peruvian civil association which was founded on October 10, 1868. Its founders include such notable historical figures such as admiral Miguel Grau, colonel Alfonso Ugarte, and colonel Francisco Bolognesi, man ...

, the Edificio Ariztía and the Edificio Ex Hotel Mundial, the building housing the stock exchange was built on land originally owned by the

Augustinian nuns Augustinian nuns are the most ancient and continuous segment of the Roman Catholic Augustinian religious order under the canons of contemporary historical method. The Augustinian nuns, named after Saint Augustine of Hippo (died AD 430), are sever ...

. 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