NewsWhore
06-03-2008, 05:20 PM
Growth continues at an impressive rate at the Dominican Stock Exchange (BVRD), as the institution achieves its potential as a leading source of financing for business. Trading leaped to $13,930,111,262 for the first five months of the year, for a 607% growth compared to the same period last year. In only five months, the BVRD has traded more than 90% of the total volume traded for all of 2007. Trading for all of 2007 was $15,414,587,959, compared to a mere RD$1,64,299,250 in 2006.
The changes come on the heels of the appointment of Darys Estrella, a former Goldman Sachs vice president in NY, to the helm in April 2007. Estrella confirmed the growth is due to increased confidence in the institution, efforts to reach out to new companies with new products, the active participation of the pension funds and continued political and economic stability in the country. She says, "In the next six months, volume will most likely double as we see more companies and investors realizing the benefits of participating in the market."
Every day at the end of the day, the issues traded are posted open to the general public in the BVRD's website (www.bolsard.com) with all the details: issue, price, coupon and maturity date.
More... (http://www.dr1.com/index.html#3)
The changes come on the heels of the appointment of Darys Estrella, a former Goldman Sachs vice president in NY, to the helm in April 2007. Estrella confirmed the growth is due to increased confidence in the institution, efforts to reach out to new companies with new products, the active participation of the pension funds and continued political and economic stability in the country. She says, "In the next six months, volume will most likely double as we see more companies and investors realizing the benefits of participating in the market."
Every day at the end of the day, the issues traded are posted open to the general public in the BVRD's website (www.bolsard.com) with all the details: issue, price, coupon and maturity date.
More... (http://www.dr1.com/index.html#3)