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Investor Relations

Open Market 11-16-2018 13:21 PM GMT -03:00


 Santiago and Oslo Exchanges sign a cooperation agreement to facilitate listing of salmon companies in Chile and Norway

 10/16/2018

Santiago and Oslo Exchanges signed today a Memorandum of Understanding (MoU) that seeks to promote the dual listing of salmon industry companies in both exchanges equities markets. It also strengthens the links between the exchanges and establishes the conditions for exchanging information for the proper functioning of equity trading in the Chilean and Norwegian markets.

The ceremony, held on October 16 at the traditional Trading Floor of the Santiago Exchange, was headed by its CEO, José Antonio Martínez, by the Executive Vice President of Primary Markets and Legal Affairs of the Oslo Bors, Oivind Amundsen, and by the Senior Vice President of Listings of Oslo Bors, Lars Jacob Braarud.

The cooperation agreement considers exploring the option of listing other financial exchange-traded products, such as bonds and ETFs; share information related to domestic market activities; analyze the possibility of developing new products that add value to both exchanges, and increase awareness of each stock market listing sectors.

José Antonio Martínez, highlighted that "this is a valuable opportunity to work with Oslo Exchange, that has a 200-year long trajectory and is a leading exchange for the listing and trading of fishery industry worldwide".

Martinez added that “through this agreement we will have the opportunity to enhance exposure of the Chilean Capital Markets, adding visibility of our issuers and generating investment opportunities that contribute to the sustainable development of the market”.

"For the Oslo Stock Exchange, it is exciting to further expand our international scope by entering into this MoU with The Santiago Exchange. Cooperating on important strategic areas for both exchanges will mutually strengthen our two markets and benefit issuers who wish to expand their investor base. Salmones Camanchaca have utilized this option through a successful dual listing between Santiago and Oslo, and we certainly believe there is potential for further companies to do the same”, says the Vice President of Primary Market and Legal Affais of Oslo Bors, Oivind Amundsen.

Salmon is the second most exported product of Chile and reaches 75 markets worldwide. In 2017, salmon exports represented 6% of the total shipments of Chile, representing US$ 4,65 billion, and according to the projections of the Salmon Association of Chile (SalmonChile), these would exceed US$ 5 billion in 2018. Currently, 5 salmon companies -Aqua Chile, Multiexport, Salmones Camanchaca, Invermar and Australis- are listed on the Santiago Exchange.

ABOUT SANTIAGO EXCHANGE

Bolsa de Santiago is Chile's largest exchange, with a daily trading average of more than U$ 1,5 billion in its debt, equity and derivatives markets. Its strategic focus is to develop the Capital Markets, providing business opportunities for intermediaries, issuers and local and international investors, and to allow intermediaries and clients to trade on reliable and transparent platforms with the highest technological and efficiency standards. Bolsa de Santiago is part of the Latin American Integrated Market (MILA) and the Sustainable Stock Exchanges (SSE), and as a signatory of the Global Compact. On June 12, 2017, became a demutualized 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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