The Bolsa de Valores de Cabo Verde (Cape Verde Stock Exchange) is the
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 ...
of
Cape Verde
, national_anthem = ()
, official_languages = Portuguese
, national_languages = Cape Verdean Creole
, capital = Praia
, coordinates =
, largest_city = capital
, demonym ...
. It is located in the
Achada Santo António
Achada Santo António is a subdivision of the city of Praia in the island of Santiago, Cape Verde. Its population was 12,965 at the 2010 census. It is situated near the Atlantic coast, southwest of the city centre.
Adjacent neighbourhoods are V ...
district of
Praia
Praia (, Portuguese language, Portuguese for "beach") is the capital and largest city of Cape Verde. . The Cape Verde Stock Exchange (BVC) was established on May 11 1998 by governmental decision. At the end of 2017, the market capitalisation was 68.4 billion
escudos
The escudo (Portuguese language, Portuguese: 'shield') is a unit of currency historically used in Portugal and its Portuguese Empire, colonies in South America, Asia, and Africa. It was originally worth 16 silver . The Cape Verdean escudo and ...
, which equals 621 million
euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
.
The operating structure of the Cape Verde stock exchange combines the auctioning system with quote-driven systems in order to support larger
market liquidity
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between the ...
. The market deployed huge efforts to re-structure itself in line with the best practices and most relevant international guidelines. All platforms are credible ones and some are used by
Euronext Lisbon
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange.
Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exc ...
and
Interbolsa.
The BVC is a member of the
African Securities Exchanges Association ThAfrican Securities Exchanges Association(ASEA) was incorporated in 1993 in Nairobi (Republic of Kenya). ASEA's aim is to provide a formal framework for the mutual co-operation of securities exchanges in the African region. Its functions include th ...
.
Members
ASEA
See also
*Economy of Cape Verde
The economy of Cape Verde is a service-oriented economy that is focused on commerce, trade, transport and public services. Cape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made di ...
*List of African stock exchanges
There are 29 exchanges in Africa, representing 38 nations' capital markets.
21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).
The Egyp ...
*List of stock exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges.
There are sixteen stock exchanges in the world ...
References
External links
Bolsa de Valores de Cabo Verde
Stock exchanges in Africa
Financial services companies of Cape Verde
Companies based in Praia
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