Chilean and Colombian Stock Exchanges agree to cross-listing

The Chilean and Colombian stock exchanges signed an agreement to allow the double listing of shares in both markets through a cross listing modality that will work under the foreign securities listing system. Institutional and individual investors will be able to acquire and sell shares listed on the markets of the two countries, through a national stock broker and under local rules. At the end of August, the market capitalization of the Chilean market reached $159,000 million and the Colombian $88,000 million, according to the Latin American Integrated Market, MILA.

Source: Reuters