- It is the biggest broker in the Chilean market, with over € 4 bn traded in 2003
- It is the second Latin American member and the first Chilean to join Latibex
Through this new admission Latibex opens a new gateway to Chile, one of the countries which draws most attention from international investors. In order to operate on Latibex, Banchile Corredores de Bolsa will use the order-routing connection system which links Bolsa de Comercio de Santiago and the Spanish market. Settlement of operations will be carried out by BBVA.
“The incorporation of Banchile Corredores de Bolsa to Latibex helps to stress the transatlantic identity of the market”, said Antonio Zoido, Chairman of Bolsas y Mercados Españoles (BME).
Francisco Armanet, Managing Director, Banchile Corredores de Bolsa, said: “our goal is to act efficiently as a specialist intermediary for Chilean shares listed on Latibex. To this end we will build on our great capacity for arbitrage to offer good prices to the market”.
Banchile Corredores de Bolsa has 15 years’ experience in the Chilean and international markets, actively trading on equities, fixed income and foreign exchange markets as well as being actively involved in asset management and marketing of investment funds. Banchile Corredores de Bolsa is a subsidiary of Banco de Chile, one of the most prestigious financial firms in Latin America, with over 100 years’ history.
