InterBolsa
 | |
| Company type | privat |
|---|---|
| Industrie | financial services brokerage data provider[1] |
| Gegründet | 1990[2] |
| Hauptsitz | Bogota, Colombia Medellín, Colombia |
Key people | Rodrigo Jaramillo Correa, President Jorge Arabia Wartenberg, FVP |
| Revenue | Grupo $83.7 mil USD'09 Comisionista $94.4 mil USD'09[3] |
| Total assets | Grupo $399 mil USD '09 Comisionista $1.1 bil USD '09[3] |
| Divisions | Comisionista De Bolsa BVC: INTERBOLSA Interbolsa Panama Finabank |
| Website | InterBolsa |
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[4]
InterBolsa formerly the Interbolsa Financial Group now largely known as Grupo InterBolsa, is a Colombian based securities broker (largest in Colombia) and proprietary trader that also engages in asset management and other types of investment banking. In addition it participates in government debt market making and has commercial and retail banking operations through recently acquired Finabank.[5]
Strategic relationships with groups like Latin America market data provider CMA and 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.[6][7] As a data provider and researcher it publishes annual and quarterly data for major Colombian companies among them Ecopetrol, Grupo Aval.[1] 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.
The company has over 29% of the market volume of brokerage activity in Colombia.[8]
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.[9] GlobalX, Interbolsa's ETF partner opened the NYSE again on August 27, 2010 to commemorate its other ETF launchings.[10]
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. Around the same time in February it made a big move into the ETF and global broker trading network when it joined Tradeware GlobalX network.[11]
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
Tribeca Partners - main business segment is Tribeca Fund I a private capital fund focussed on Latin American investments. Interbolsa has a 57% interest in the company.
Finabank - Brazilian securities broker 90% owned by InterBolsa. Has repo operations.
Fundación InterBolsa - organizes corporate responsibility programs for the group of companies.
References
- ^ a b Ecopetrol Quarterly Report
- ^ Interbolsa Businessweek
- ^ a b Interbolsa Management Report 2009 Grupo InterBolsa 2009 Financial performance
- ^ Interbolsa
- ^ Finabank Finabank Brokerage Exchange, Securities Ltda.
- ^ "CMA Broadens Trade Hub Activity". 2010-06-09.
- ^ Real Estate News
- ^ First Colombia ETF starts trading on NYSE Arca
- ^ Global X and InterBolsa Celebrate Recent Launch of Global X/InterBolsa FTSE Colombia 20 ETF on NYSE Arca
- ^ "Global X Funds to Ring Opening Bell at NYSE and Host Institutional Reception to Celebrate Lithium, Silver Miners and Copper Miners ETFs". 2010-08-12.
- ^ "Colombian Brokerage Interbolsa to Purchase Brazil's Finabank". 2009-11-04.
