The integration of stock exchanges: The case of the Latin American Integrated Market (MILA) and its impact on ownership and internationalization status in Colombian brokerage firms

Beatriz Yepes-Rios (), Kelly Gonzalez-Tapia and Maria Alejandra Gonzalez-Perez
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Beatriz Yepes-Rios: Universidad EAFIT, Colombia

Journal of Economics, Finance and Administrative Science, 2015, vol. 20, issue 39, 84-93

Abstract: This paper describes the changes in ownership and internationalization of the brokerage firms in Colombia as a result of the regional integration process of its stock exchange market through the Latin American Integrated Market (MILA). It proposes that the integration of stock exchanges generated transformations within the brokerage sector, and affected companies in response pursue different strategies to remain competitive in the current state of affairs. In the case of Colombia, stock exchange integration through MILA has resulted into mergers between local brokerage firms, acquisitions from both national and international companies and changes in ownership.

Keywords: Integración; Bolsas de valores; Compañías de corretaje; Mercados de capital; Mercado Integrado Latinoamericano (search for similar items in EconPapers)
JEL-codes: F15 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:joefas:0087

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