Colombia’s stock market is set to integrate with markets in Peru and Chile before the end of the year, forming the largest stock exchange in Latin America, reports Portfolio.com.
The combined equity trading of the three Andean nations could reach $300 million a day, according to Colombian stock exchange chairman, Juan Pablo Cordoba.
“It is the first year of serious committment to achieve market integration in Latin America, and we are working very hard to achieve this, and have the support of regulators,” said Cordoba.
Leaders from the three countries will meetin Bogota in June to finalize the necessary legislation for the project.
“It is good for the companies listed, because once they put shares in one market they can automatically list in the other two countries,” said the chairman.