Rio de Janeiro Stock Exchange

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Rio de Janeiro Stock Exchange
Bolsa de Valores do Rio de Janeiro
Bolsa de rio de janeiro.jpg
Type Stock Exchange
Location Rio de Janeiro, Brazil
Founded 1820
Owner Bolsa do Rio Stock Group
Currency BRL
Market cap USD 1 billion (2007-08)
Indexes SIXBEX and TCAT
Website www.bvrj.com.br

The Rio de Janeiro Stock Exchange (Bolsa de Valores do Rio de Janeiro, or BVRJ) is Brazil's second largest exchange after the Bovespa stock exchange in São Paulo, and the oldest of Brazilian stock exchanges in activity. Its inauguration occurred in July 14, 1820, 3 years after the 1st Brazilian stock exchange inaugurated, the today inactive Salvador Exchange;[1] and before the Brazilian Independence process began.

It was from its beginning through the early 1970s, the most important Brazilian Exchange. Following the 1971 markets crash's effects it slowly lost ground to São Paulo's Bovespa . After a national stock markets crash in 1989, BVRJ lost the rank of main stock exchange in Latin America to São Paulo's Exchange. Since, BVRJ has been trading in government bonds and currencies on the electronic Sisbex system, with the trading hours being from 10 a.m. to 4:45 p.m.

It was sold on April 11, 2002 to BM&F.[2]

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References[edit]

  1. ^ Marta Barcellos & Simone Azevedo; "Histórias do Mercado de Capitais no Brasil" ("Financial Markets' Histories in Brazil") (Portuguese) Campus Elsevier 2011 ISBN 85-352-3994-4 Introduction (by Ney Carvalho), page xiv
  2. ^ source