Bahia Sergipe Alagoas Exchanges

Bahia Sergipe Alagoas Exchanges (BOVESBA or BVBSA), also known as the Bahia Stock Exchange or Bolsa da Bahia, was a securities exchange in Brazil. It was organized as a non-profit association and was one of the regional Brazilian exchanges that participated in the integration and partnership agreement signed on 28 January 2000, under which the São Paulo exchange (Bovespa) became the only Brazilian exchange on which shares were traded. After that agreement, the Bahia Stock Exchange operated as a development exchange, carrying out activities aimed at promoting and popularizing the capital market. As a securities exchange, it had been deactivated since the late 1990s. The exchange traces its institutional roots to Salvador, where Brazil's first exchange was opened in 1817, and to the Bahia Board of Brokers established in July 1851 by Imperial Decree No. 807. That decree set rules based on those of the Rio de Janeiro brokers' association, which had been created the previous day by Imperial Decree No. 806. This brokers' body was the seed of today's Bovesba. The merger and partnership agreement signed on 28 January 2000 among Brazilian exchanges, including BOVESBA, established that the São Paulo exchange would be the only Brazilian exchange for share trading, while the other institutions began developing activities to promote and popularize the capital market. In August 2001, the two exchanges underwent an operational merger, meaning that day-to-day operations previously handled on the trading floors of the other exchanges were now processed by their affiliated brokerage firms (which simultaneously became members of the then São Paulo exchange) through the Mega Bolsa electronic trading system. Today the entity is best understood as a historical regional exchange brand within the Brazilian capital markets. Its website, bovesba.com.br, remains associated with the institution, but its role as a trading venue ended with the consolidation of Brazilian exchange activity into Bovespa.

The institution that became Bahia Sergipe Alagoas Exchanges traces its origins to Salvador, Bahia, where Brazil's first exchange was opened in 1817. In July 1851, Imperial Decree No. 807 established the Bahia Board of Brokers. That decree laid down rules based on those of the Rio de Janeiro brokers' association, which had itself been created the previous day by Imperial Decree No. 806. This brokers' body was the seed of what would become Bovesba. Over the following decades the exchange operated as a regional securities market in Bahia. By the late 1990s, however, it had been deactivated as a securities exchange. The decisive turning point came on 28 January 2000, when the existing Brazilian exchanges, including BOVESBA, signed an integration and partnership agreement. Under that agreement, the São Paulo exchange (Bovespa) became the only Brazilian exchange on which shares were traded. The other institutions, including the Bahia exchange, began to operate as development exchanges, carrying out activities aimed at promoting and popularizing the capital market. In August 2001, the two exchanges underwent an operational merger. Day-to-day operations that had been handled on the trading floors of the other exchanges were now processed by their affiliated brokerage firms, which simultaneously became members of the then São Paulo exchange, through the Mega Bolsa electronic trading system. From that point on, the Bahia Sergipe Alagoas Exchanges existed as a non-profit association focused on capital market development rather than as an active trading venue. Its website, bovesba.com.br, remains associated with the institution.

• 2001

  In August, the exchanges underwent an operational merger; trading moved to the Mega Bolsa electronic system via affiliated brokerages.

• 2000

  On 28 January, Brazilian exchanges including BOVESBA signed an integration and partnership agreement making Bovespa the sole equity trading exchange.

• 1851

  Imperial Decree No. 807 established the Bahia Board of Brokers, the seed of Bovesba.

• 1817

  Brazil's first exchange opened in Salvador, Bahia.

Regional Brazilian stock exchange turned development exchange promoting and popularizing the capital market after the 2000 consolidation.

• Securities exchange services (historical)

• Capital market development and promotion activities

1. 1Bahia Sergipe Alagoas Exchanges - Wikidatawikidata.org
2. 2Bolsa de Valores Bahia Sergipe Alagoas - Wikipedia (German)de.wikipedia.org