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Market Participants

Market Closed 09-19-2019 09:56 AM GMT -03:00


Brokers are market intermediaries, and their main function is to intermediate securities. They are the only institutions that are legally authorized to trade securities. To invest in the market, investors should contact one of the brokers associated with the exchange.

In order for a broker to be an intermediary in the market, it must meet a number of requirements of the Securities Market Law (Ley de Mercados de Valores) as well as the Statutes and Regulations of Operations (Estatutos y Reglamentos de Operaciones) of the exchange.

Additionally they must:​

  • ​​​Promote the launch of new issuers in the market, introduce issuers to the public and participate directly in securities placements.
  • Guide investors, issuers and the general public on an ongoing basis about the economic situation of the market, in order to facilitate decision-making.
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    Frequently Asked Questions

    • What is a material event?

      A material event is a report that the SVS provides to the market and the community in general with all the relevant information of overseen entities from the stock market and insurance market, among others. All entities registered in the Securities Registry must disclose accurate and timely information about their businesses and securities, where "material" is understood to be all information considered relevant for investment decisions of individuals. 

    • What law regulates the securities market?

      The law regulating the proper functioning of the market is the Securities Market Law 18,045. 

    • How can I contact a stock broker?

      Contacting a stock broker is very simple. You may visit their offices or send an email to contact an account executive. They can offer advice and make market transactions based on the investor’s instructions. 

    • What is the settlement process?

      The settlement process includes settling outstanding balances and clearing the positions of participants and clients in CCLV, under the principle of delivery upon payment. The process consists of delivering securities and cash from participants and clients with net debit balances and net sales positions to complete their transactions and of transferring securities and cash to participants and clients with net credit balances and net buying positions, provided the parties fulfill their obligations. 

    • Who can be equity issuers on Santiago Exchange?

      Corporations that are registered on the SVS Securities Registry and have submitted an application to list their shares to trade on Santiago Exchange along with the information requested in the Issuer Rights and Obligations Manual. 

    • Who can be fixed-income issuers on Santiago Exchange?

      Corporations that are registered on the SVS Securities Registry, have registered their securities with the SVS and have submitted an application to register their securities or a letter that authorizes Santiago Exchange to trade the instruments issued. The application must be accompanied by the information requested in the Issuer Rights and Obligations Manual. 

    • What are the benefits of being an equity issuer?

      There are multiple benefits of issuing shares. One of the main benefits is access to larger amounts of funding for an indefinite period of time. In addition to having an ongoing company valuation, becoming a regulated entity earns the company prestige. Moreover, separating management from company ownership brings new perspectives to management. 

    • Where can I find information on methodologies to calculate stock indices?

      The Prices and Statistics section of Santiago Exchange’s website < href=>( contains a list of the exchange’s stock indices. Each index has information about its value and an explanatory document that contains key aspects of the company including shareholder composition, among other facts. By clicking on the name of the index, a page opens detailing the calculation methodology of the selected index. 

    • Where can I find information about Santiago Exchange’s products?

      The Products and Services section of the website contains information about all the products offered by Santiago Exchange. Additionally, you can contact the exchange directly at 

    Customer Service

    +562 2 3993000

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