The Inter-American Development Bank is working with the stock exchanges in El Salvador, Costa Rica and Panama to try to define a convergence strategy with the long-term objective of a single stock exchange.
"There is consensus among the stock exchanges on how the [convergence] process will begin," says Juan Ketterer, a senior financial specialist at the IADB. "It will be done by progressively sharing certain market facilities, such as trading platforms, IT, clearing and settlement facilities, and adhering to the same international standards, easing the information flows and promoting the cross-membership of brokerage houses." The development bank was one of the...
