Bolsa de Valores de Cabo Verde

Bolsa de Valores de Cabo Verde (BVC), also known as the Cape Verde Stock Exchange, is the organized securities market of Cabo Verde. It was established by governmental decision on 11 May 1998 as part of the country’s effort to create a formal capital-market infrastructure and provide a regulated venue for securities trading. Its headquarters are in the Achada Santo António district of Praia. BVC’s role is to support the issuance, listing, trading, and market organization of securities in Cabo Verde. As a national exchange, it provides a framework through which eligible issuers can access investors and through which investors can trade listed financial instruments under exchange rules and market procedures. Publicly available reference material does not identify a separately branded product portfolio or a large international network of operating markets; its primary market is Cabo Verde. The exchange combines auction-based trading with quote-driven mechanisms. This hybrid structure is intended to accommodate different liquidity conditions and trading requirements, including the needs of larger or less frequently traded instruments. BVC has also undertaken efforts to align its operating infrastructure and market practices with international guidelines and recognized securities-market standards. Reference material notes that some of the platforms used in this modernization effort are also used by Euronext Lisbon and Interbolsa, although the available information does not specify the precise systems or contractual arrangements. BVC is a member of the African Securities Exchanges Association, linking it to the wider African exchange community and regional securities-market cooperation. At the end of 2017, the exchange’s market capitalization was reported at 68.4 billion Cape Verdean escudos, equivalent to approximately €621 million at the cited conversion. This figure describes the value of securities represented on the market at that point in time and should not be interpreted as revenue or the value of the exchange operator itself. Public sources supplied for this entry provide limited information about BVC’s current executives, ownership structure, detailed listed instruments, trading volumes, financial performance, and recent corporate initiatives. The organization’s historical identity and core function are clear, but additional primary-source research would be needed for a fuller account of its present governance, market segments, technology stack, and issuer base.

Bolsa de Valores de Cabo Verde is the national stock exchange of Cabo Verde. The institution was created through a governmental decision dated 11 May 1998, reflecting the country’s move to establish a formal securities market and broaden the infrastructure available for capital formation. It is headquartered in Praia, in the Achada Santo António district. The exchange’s central function is to organize a regulated marketplace for securities. In practical terms, this means providing mechanisms through which eligible issuers can bring securities to market, investors can submit orders, and transactions can be organized and recorded under defined market rules. The available reference material does not provide a complete historical list of the exchange’s securities, issuers, or individual listings, so those details are not included here. BVC operates with a combination of auctioning and quote-driven systems. An auction mechanism can help establish prices through the matching of submitted orders, while quote-driven arrangements rely on displayed buying and selling prices. Combining these approaches allows the exchange to support differing liquidity conditions and trading needs. The exchange has also worked to restructure its operations in accordance with relevant international guidelines and recognized best practices. The supplied reference notes that some of the platforms associated with its operating environment are also used by Euronext Lisbon and Interbolsa, indicating an orientation toward interoperable or internationally familiar market infrastructure, without establishing that BVC is part of either organization. The exchange participates in regional professional networks through membership of the African Securities Exchanges Association. That membership places BVC within the wider institutional community of African securities exchanges and provides a regional context for its development, although the supplied sources do not describe specific joint projects or governance roles. A reported measure of the exchange’s scale is its market capitalization at the end of 2017. At that date, the market capitalization was stated as 68.4 billion Cape Verdean escudos, equivalent to approximately €621 million. Market capitalization represents the aggregate market value of listed securities at a given time; it is not a measure of BVC’s own turnover, profit, assets, or ownership value. The available public material is brief and primarily descriptive. It does not identify the exchange’s current leadership, legal ownership, detailed financial statements, trading volumes, current technology suppliers, or a complete account of its post-2017 development. Accordingly, this dossier records BVC’s establishment, location, market model, modernization orientation, regional affiliation, and the cited 2017 capitalization figure while leaving those unsupported areas open for further research.

• 2017

  Reported market capitalization reached 68.4 billion escudos

  [1]Bolsa de Valores de Cabo Verdeen.wikipedia.org

  At the end of 2017, BVC’s market capitalization was reported at 68.4 billion Cape Verdean escudos, approximately €621 million.

• 1998

  Exchange established

  [1]Bolsa de Valores de Cabo Verdeen.wikipedia.org

  The Bolsa de Valores de Cabo Verde was established by governmental decision on 11 May 1998.

Cabo Verde’s national securities exchange and a developing capital-market institution serving domestic issuers, investors, and the broader African securities-market community.

• Capital-market infrastructure · 1998

  Securities listing and trading market

  BVC provides the organized market framework for securities issued or admitted in Cabo Verde. Its exchange functions include supporting listing and admission processes, organizing trading, and providing a regulated venue through which issuers and investors can participate in the country’s capital market. The supplied sources do not enumerate the full range of instruments currently listed.

• Trading mechanism

  Hybrid auction and quote-driven trading systems

  The exchange combines auctioning with quote-driven systems. This structure is designed to accommodate different trading and liquidity conditions rather than relying on a single execution model. Reference material also describes efforts to bring the exchange’s platforms and operating practices into line with international guidelines and notes that some related platforms are used by Euronext Lisbon and Interbolsa.

1. 1Bolsa de Valores de Cabo Verdeen.wikipedia.org