1 / 13

FIXED-INCOME MARKETS & TRANSPARENCY Juan Pablo Córdoba President

FIXED-INCOME MARKETS & TRANSPARENCY Juan Pablo Córdoba President. Index. Colombian Fixed-Income Markets BVC Strategies Colombian Experience: What have we learned?. Fixed-Income Evolution Outstanding distribution based on security type. June 2010 Bonds (13,63%). December 1997

laszlo
Download Presentation

FIXED-INCOME MARKETS & TRANSPARENCY Juan Pablo Córdoba President

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIXED-INCOME MARKETS & TRANSPARENCY Juan Pablo Córdoba President

  2. Index • Colombian Fixed-Income Markets • BVC Strategies • Colombian Experience: What have we learned?

  3. Fixed-Income Evolution Outstanding distribution based on security type June 2010 Bonds (13,63%) December 1997 Bonds (22,66%) June 2010 CDs (27,44%) December 1997 CDs (48,91%) June 2010 Total USD 166,5 billion December 1997 Total USD 26,1 billion June 2010 TES(58,93%) December 1997 TES(28,43%) Source: BVC

  4. Fixed-Income Market Distribution - Evolution Participation by trading venue Evolution Regulation Change Source: BVC

  5. Fixed-Income Markets Distribution - Evolution Volumes The AGR of the Fixed Income Market from 2003 to 2009 was 36%. The total volume traded in 2009 (USD$1.92 Trillion) increased 89% when compared with 2008. Estimates for 2010 indicate an 11% growth in volumes. 89% *YTD June 2010 Source: BVC

  6. Primary Market BVC Fixed Income – Private Debt Total issuance for 2009 (USD$ 6,7 billion) exceeded that of 2008 by 141%. The total issuances YTD 2010 has been USD$3,5 billion. Low interest rates have promoted new supply. High liquidity and market appetite have supported demand. 141% *YTD June 2010 Source: BVC

  7. Index • Colombian Fixed-Income Markets • BVC Strategies • Colombian Experience: What have we learned?

  8. BVC has implemented new strategy to support electronic trading and to participate in alternative trading systems

  9. Index • Colombian Fixed-Income Markets • BVC Strategies • Colombian Experience: What have we learned?

  10. Colombian Experience: What have we learned? Electronic Centralized, OTC or Brokerage Trading Systems?

  11. Suitability of trading alternative depends on:

  12. Colombian Experience: What have we learned?

  13. THANK YOU

More Related