InterBolsa: Difference between revisions
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''There is also another smaller unaffiliated company with the same name that is based in Portugal. It is one of two central securities depository and settlement systems in Portugal''<ref>[https://www.interbolsa.pt/ Interbolsa]</ref> |
''There is also another smaller unaffiliated company with the same name that is based in Portugal. It is one of two central securities depository and settlement systems in Portugal''<ref>[https://www.interbolsa.pt/ Interbolsa]</ref> |
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'''InterBolsa''' ({{BVC|INTERBOLSA}}) formerly the Interbolsa Financial Group now largely known as Grupo InterBolsa, was a Colombian based [[brokerage firm|securities broker]] (largest in Colombia) and [[Proprietary trading|proprietary trader]] that also |
'''InterBolsa''' ({{BVC|INTERBOLSA}}) formerly the Interbolsa Financial Group now largely known as Grupo InterBolsa, was a Colombian based [[brokerage firm|securities broker]] (largest in Colombia) and [[Proprietary trading|proprietary trader]] that also engaged in asset management and other types of [[investment banking]], that operated until November 2012 when the Colombian Government ordered its closure by a default of debts with the local banking system. The group still have other investments and companies overseas wich operations may not be interrupted by this closure. <ref>[http://www.reuters.com/article/2012/11/07/us-colombia-interbolsa-idUSBRE8A61K720121107/ Liquidation of Interbolsa]</ref> |
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Strategic relationships with groups like Latin America market data provider CMA and [[Colombian Stock Exchange|Bolsa de Valores de Colombia]] (Colombian Stock Exchange) have enabled Interbolsa to become a major participant in South American and global market systems. As a financial group it is one of the largest in the business of real estate portfolios.<ref>{{cite web|url=http://www.worldmarketmedia.com/1876/section.aspx/160796/cma-broadens-trade-hub-connectivity-with-bolsa-de-valores-de-colombia-bvc-exchange-trading-through-interbolsa|title=CMA Broadens Trade Hub Activity|date=2010-06-09}}</ref><ref>[http://www.coztarica.com/2009/06/01/tenants-haggle-rental/ Real Estate News]</ref> As a data provider and researcher it publishes annual and quarterly data for major Colombian companies among them Ecopetrol, Grupo Aval.<ref name=ecp/> It also engages in foreign exchange trading mostly through networks like GlobalX, a brokers trading network connecting people in 105 countries that it became a part of in 2009. |
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To mark the beginning of trading on the NYSE of the first Colombian ETF Interbolsa CEO Rodrigo Correa rang the opening bell on February 6, 2009.<ref>[http://www.nyse.com/events/1237544126361.html Global X and InterBolsa Celebrate Recent Launch of Global X/InterBolsa FTSE Colombia 20 ETF on NYSE Arca]</ref> [[Global X Funds]], Interbolsa's ETF partner opened the NYSE again on August 27, 2010 to commemorate its other ETF launchings.<ref>{{cite web|url=http://finance.yahoo.com/news/Global-X-Funds-to-Ring-prnews-1340810052.html?x=0&.v=1|title=Global X Funds to Ring Opening Bell at NYSE and Host Institutional Reception to Celebrate Lithium, Silver Miners and Copper Miners ETFs|date=2010-08-12}}</ref> |
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==History== |
==History== |
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Until 2008 it operated as a loosely integrated conglomerate with a controlling interest in a number of smaller companies, each specializing in a different region (Panama) or product (InterBolsa Futures). In 2009 after it made a move into the Brazilian market when it acquired all of Finabank for US$21 million it officially organized itself into a holding company called '''Grupo InterBolsa'''. |
Until 2008 it operated as a loosely integrated conglomerate with a controlling interest in a number of smaller companies, each specializing in a different region (Panama) or product (InterBolsa Futures). In 2009 after it made a move into the Brazilian market when it acquired all of Finabank for US$21 million it officially organized itself into a holding company called '''Grupo InterBolsa'''. |
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==Subsidiaries== |
==Subsidiaries== |
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Revision as of 22:16, 20 November 2012
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| Company type | Sociedad Anónima |
|---|---|
| BVC: INTERBOLSA | |
| Industrie | financial services brokerage data provider[1] |
| Gegründet | 1990[2] |
| Hauptsitz | Bogota, Colombia Medellín, Colombia |
Key people | Rodrigo Jaramillo Correa, (Chairman) |
| Divisions | Comisionista De Bolsa Interbolsa Panama Finabank |
| Website | www.interbolsa.com |
There is also another smaller unaffiliated company with the same name that is based in Portugal. It is one of two central securities depository and settlement systems in Portugal[3]
InterBolsa (BVC: INTERBOLSA) formerly the Interbolsa Financial Group now largely known as Grupo InterBolsa, was a Colombian based securities broker (largest in Colombia) and proprietary trader that also engaged in asset management and other types of investment banking, that operated until November 2012 when the Colombian Government ordered its closure by a default of debts with the local banking system. The group still have other investments and companies overseas wich operations may not be interrupted by this closure. [4]
The company had over 29% of the market volume of brokerage activity in Colombia.[5]
History
Until 2008 it operated as a loosely integrated conglomerate with a controlling interest in a number of smaller companies, each specializing in a different region (Panama) or product (InterBolsa Futures). In 2009 after it made a move into the Brazilian market when it acquired all of Finabank for US$21 million it officially organized itself into a holding company called Grupo InterBolsa.
Subsidiaries
Interbolsa Comisionista de Bolsa
Administradora de Inversión - Asset Manager that oversees Colombia's first private capital energy fund; InterBolsa Energético which was established in April 2009.
- Banca de Inversión Investment Banking - Joint partnership between InterBolsa and Inverlink.
Interbolsa Panama
Finabank - Brazilian securities broker 90% owned by InterBolsa. Has repo operations.
Fundación InterBolsa - organizes corporate responsibility programs for the group of companies.
