Bolsa de Valores de Cabo Verde
Encyclopedia
The Bolsa de Valores de Cabo Verde (Cape Verde Stock Exchange) is the principal stock market
of Cape Verde
. It is located in Mindelo
.
The Cape Verde Stock Exchange (BVC) started its activities in December 2005, trading 44 treasury bonds and three corporate equities. The corporate equities, or stocks, included two bank
s and a tobacco company
.
The operating structure of the Cape Verde stock exchange combines the auctioning system with quote-driven systems in order to support larger market liquidity
. 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
and Interbolsa
. The BVC is a member of the most relevant international institutions that discipline capital market
concerns.
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
of Cape Verde
Cape Verde
The Republic of Cape Verde is an island country, spanning an archipelago of 10 islands located in the central Atlantic Ocean, 570 kilometres off the coast of Western Africa...
. It is located in Mindelo
Mindelo
For the parish in Portugal, see Mindelo, PortugalMindelo , is a port city in the northern part of the island of São Vicente in Cape Verde. Mindelo is also the seat of the parish of Nossa Senhora da Luz, and this island's municipality...
.
The Cape Verde Stock Exchange (BVC) started its activities in December 2005, trading 44 treasury bonds and three corporate equities. The corporate equities, or stocks, included two bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s and a tobacco company
Tobacco
Tobacco is an agricultural product processed from the leaves of plants in the genus Nicotiana. It can be consumed, used as a pesticide and, in the form of nicotine tartrate, used in some medicines...
.
The operating structure of the Cape Verde stock exchange combines the auctioning system with quote-driven systems in order to support larger market liquidity
Market liquidity
In business, economics or investment, market liquidity is an asset's ability to be sold without causing a significant movement in the price and with minimum loss of value...
. 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
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It belongs to the NYSE Euronext group, the first global stock exchange.Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exchange traded funds...
and Interbolsa
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...
. The BVC is a member of the most relevant international institutions that discipline capital market
Capital market
A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...
concerns.
See also
- Economy of Cape VerdeEconomy of Cape VerdeCape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Most of the nation's GDP comes from the service industry...
- List of African stock exchanges
- List of stock exchanges