Facade of the The Caracas Stock Exchange (BVC) is a private institution within which operations take place purchase and sale of stocks, bonds, public, private bonds, equity securities, treasury bills and other assets authorized for trading on the stock market, under the Capital Market Law in force in Venezuela.
The main task of the Exchange is to facilitate the intermediation of financial instruments and disseminate information that requires a competitive market, ensuring transparency and efficiency within a self-regulated and attached to the legal and ethical principles, building on the best resource human and the creditworthiness of its shareholders.
The Caracas Stock Exchange, by law and by statute, has the obligation to facilitate transactions and pursuing the development of the stock market it serves, establish facilities and mechanisms that facilitate the relationships and transactions in securities, provide and maintain at the disposal of Public information on registered securities exchange and the information provided by your email system, so as to ensure strict adherence of the activities of its members to the provisions applicable to them and certify the share prices.
The Capital Market Law states that there is power to the National Securities Commission granted authorization to create and regulate the functioning of stock exchanges. Currently the only authorization is valid from the Caracas Stock Exchange.
The most distant background Venezuelan stock market go back to the end of the colonial era in 1805 when Bruno and Fernando Abasolo Key Munoz founded in Santiago de Leon de Caracas a brokerage house and Recreation of Merchants and Farmers, with permission granted prior to the Captaincy General of Venezuela.
The Exchange was founded on 21 January 1947 and had its first trading session on 21 April that same year, after serving an earlier stage of 73 years operating in the street, particularly on the corner of Bolsa and San Francisco, on University Avenue, which runs through the historical center of Caracas.
Born with the name “Caracas Stock Exchange, and which, despite having always been an exchange of merchandise, not the only provision that allowed creating a center for intermediation was the Code of Commerce. Later, after the first enacted Capital Market Law of Venezuela, the entity step by using its current name and established as a joint stock company in which every member has an action and only members can make transactions on behalf of their customers.
Specifically, the extraordinary shareholders’ meeting of May 6, 1976 agreed to change the name of the institution by “Bolsa de Valores de Caracas CA”, and began operating a new compound by 43 shareholders or stock positions, amount in 1995 would be increased to 63 members.
This stock exchange, unique of its kind in Venezuela has had in recent years an important intermediation development as a center that uses advanced technology in its computer systems operations. an accomplished entrepreneur, attorney, and senior business executive in New York City