There is an article in DR1 about this today. How does one invest in these exchanges? Through local banks as brokers? Anyone have experience with this? Thank you.
Stock Exchange recovers
The economy is definitely recovering. In the first half of the year, Dominican stock exchange houses have negotiated the equivalent of 90% of transactions made in all of 2009. Darys Estrella, director of the Dominican Republic Stock Exchange told El Caribe that last year transactions totaled RD$27.7 billion, but to the end of August 2010 RD$25 billion had already been transacted. She says the best year for the stock exchange was 2008, when movement was RD$43 billion. There are 13 exchange houses in the country, registered with the Superintendence of Values.
The minimum investment is RD$10,000 and US$1,000 for a transaction. She highlighted the importance of the market because of the guarantees offered to investors by the registered companies. The placements receive fixed income.
She explained that the local exchange operates independently of fluctuations in other markets. Nevertheless, she said the country is discussing an alliance with stock exchanges in Panama, El Salvador and Costa Rica. The alliance is aimed at integrating the stock exchanges.
Stock Exchange recovers
The economy is definitely recovering. In the first half of the year, Dominican stock exchange houses have negotiated the equivalent of 90% of transactions made in all of 2009. Darys Estrella, director of the Dominican Republic Stock Exchange told El Caribe that last year transactions totaled RD$27.7 billion, but to the end of August 2010 RD$25 billion had already been transacted. She says the best year for the stock exchange was 2008, when movement was RD$43 billion. There are 13 exchange houses in the country, registered with the Superintendence of Values.
The minimum investment is RD$10,000 and US$1,000 for a transaction. She highlighted the importance of the market because of the guarantees offered to investors by the registered companies. The placements receive fixed income.
She explained that the local exchange operates independently of fluctuations in other markets. Nevertheless, she said the country is discussing an alliance with stock exchanges in Panama, El Salvador and Costa Rica. The alliance is aimed at integrating the stock exchanges.