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Investor Relations

Market Closed 11-13-2019 04:53 AM GMT -03:00

 Santiago Exchange launches the first Blockchain application for its securities lending system


Santiago Exchange launched an innovative and world-class fintech application using Blockchain for its securities lending system, thus becoming the first Exchange in Latin America to use such technology in operations. The use of this innovative technology marks a milestone for the Santiago Exchange and the Chilean Capital Markets, as it speeds up the local bilateral securities lending of equities.

"Given that technology and fintech services rendered to the local financial market’s institutions is a strategic pillar of the Santiago Exchange, innovation undoubtedly resides at the core of our development. The first Blockchain technology live application enables us to bring a world class solution and a leading positioning the region, which we hope turns into a real contribution for a better development of the financial and capital markets, bringing operational efficiency and facilitating the execution of our clients' businesses, "said José Antonio Martínez, CEO of the Santiago Exchange.

Securities Lending is the first solution of the Santiago Exchange to use Blockchain technology, as part of the strategic partnership established by the Santiago Exchange and IBM in May 2017 that will incorporate other operational processes using this technology. The solution developed by the Exchange and IBM is based on the Linux Foundation's Hyperledger Fabric open source solution.

"Blockchain has the potential to transform the financial industry in Chile and in Latin America," says Martin Hagelstrom, Blockchain Leader for IBM Latin America. "The Santiago Exchange’s solution is designed to help reduce errors, possible fraud and the processing time of each transaction, while providing transparency and security to the entire business chain," adds Hagelstrom.

The new platform based on Blockchain technology will reduce significantly the time and costs of the management processes associated with the securities lending of shares, in such a way that said reduction constitutes an incentive to increase the participation of this type of operations in the stock market, which currently represent 0.7% of the total transactions that happen on a daily basis on the Santiago Exchange.



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Frequently Asked Questions

  • What is the composition of the exchange’s Board of Directors?

    Santiago Exchange’s Board of Directors is currently composed of eleven members, which together elect a Chairman. The law specifically states that the board must be made up of at least five members, who may or may not be shareholders, and must hold elections annually, where members may be reelected. 

  • What information should I submit to apply for dual listing on Santiago Exchange, Venture?

    Companies listed on TSXV must send an application letter requesting the dual listing (see attached documents) and send it to the Santiago Exchange for registration. 

  • According to the law, what are the objectives of the exchange?

    According to article 38 of the Securities Market Law, stock exchanges are organizations that aim to provide their members with the necessary infrastructure to effectively carry out securities transactions through continuous public auction and to perform other intermediation services in accordance with the law. 

  • Which companies can access the Venture Market?

    Any issuer from TSXV can access the dual listing with Santiago Exchange, Venture. 

  • What is Santiago Exchange?

    Santiago Exchange is an exchange whose primary role is to provide buyers and sellers of securities a physical meeting place for them to trade through services provided by brokers. Santiago Exchange is a public company composed of 48 shares, and its operation is overseen by the Chilean Securities and Insurance Supervisor. 

  • What benefits does the Venture Market of Santiago Exchange offer venture capital companies?

    Santiago Exchange, Venture enables companies at an exploration stage to access a greater number of investors through its regional presence given by the participation of Santiago Exchange in MILA. In addition, Santiago Exchange, Venture has the support of the leading platform for financing mining companies at an exploration stage (TSXV), being a relevant factor for both companies and investors, to have the validation of such exchange. 

  • Where does Santiago Exchange operate?

    The exchange operates in a historical building in downtown Santiago, at the intersection of Bandera Street, the Union Club and Nueva York and La Bolsa streets. Its address is La Bolsa 64, Santiago. 

  • What are the benefits of listing the instruments in Chilean pesos?

    The values that are listed and traded in Chilean pesos on the Foreign Securities Market of Santiago Exchange will be cleared and settled in CCLV Central Counterparty, reducing counterparty risk of such operations. 

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