This year marks a milestone for the stock market. Last September, the Superintendence of Companies authorized the first operation within the Special Securities Segment, that space that since 2016 is available for small and medium-sized enterprises (SMEs) to find financing on the stock market, under better conditions.
The first was Sinpet, a medium-sized company that operates in the oil services sector, after issuing an obligation for $ 500,000. It did so by taking advantage of a simplification of requirements that allows this niche to lower its operating costs. Mauricio Murillo, director of Authorization and Registries of the Stock Market Administration, explains that with this new modality, companies do not assume costs related to the registration or maintenance on the stock market. In addition, they are not required to leave with a risk rating and the commission they must pay at the time of trading is 50% of what is charged as a commission at the stock exchange level in the common market.
“We hope that from this first authorized process, begin to have a greater number of interested companies,” said Murillo, for a market that is constantly diversifying the options for participation, both for issuers and investors.
Segments such as this one, which also open new alternatives for stock exchange investment, will be sought to publicize these days, during the celebration of the World Investor Week, which is promoted by the International Organization of Securities Commissions (IOSCO), which brings together Control entities from 120 countries, of which Ecuador is a part.
The Superintendency plans to develop an agenda of free activities in Quito and Guayaquil, aimed at promoting the investment and financing alternatives offered by the securities market, a niche that last year reached $ 6,615 million, of which 57, 7% originated in the Stock Exchange of Guayaquil (BVG).
Rodolfo Kronfle, president of the BVG, entity that is part of this initiative, mentions that the purpose of this campaign will be to transmit that any natural person or company, with excess liquidity, “can also participate in the market as small, medium or large investors, there are no restrictions in terms of amounts “.
What is sought is to create a true stock market culture in the country that leads more people to bet on this other niche of the financial system. Murillo stresses that opting for the stock market is not only a good option for its excellent performance (with a payment of fees that amount up to 9%, versus the 3 or 4% granted by traditional banking), but for the security that offers. It is a market that operates, he says, on important pillars such as the transparency of information and the control exercised over each of the participating entities.
Agenda of activities
For public employees
The training day, scheduled for today, is aimed at officials from various ministries. The appointment is at 10:00 in the Zonal building of Guayaquil.
At 09:00 there will be a stock market simulation training with university students. This will be developed in the Stock Exchange of Guayaquil (BVG).
From 9:00 a.m. to 4:00 p.m., the fund managers will present the best investment options at the BVG. On Friday, the Stock Houses will do it.
From 09:00 to 11:00, the BVG will give a talk on financing and investment to the members of the Federation of Tourism Chambers. (I)