NYSE EURONEXT 
By | NYSE Euronext and the Cape Verde Stock Exchange sign cooperation agreement |
Within the scope of this agreement, NYSE Euronext in cooperation with BVCV will support the development of the capital market in Cape Verde. Amongst other activities, it involves training delivered by Euronext Lisbon as well as receiving BVCV representatives in events either organised or sponsored by the Portuguese Stock Exchange.
Similarly, the agreement foresees the Portuguese Stock Exchange participating in events organised or sponsored by BVCV concerning African countries. The agreement also sets guidelines for future efforts geared towards joint operations. Advantageous to both Portugal and Cape Verde's capital markets, the aim is to provide higher liquidity into listed securities' trading, to identify potential synergies and to bring added visibility to listed Portuguese and Cape Verdean companies.
Luís Laginha de Sousa, Chairman and CEO of Euronext Lisbon underlined: "Attentive to the historical and linguistic links between Cape Verde and the European Union, NYSE Euronext Lisbon and the Cape Verde Stock Exchange are in a privileged position to identify and promote ways for their markets to come together." He went on to add: "This agreement formalises and increases an already long tradition of collaboration between the Portuguese Stock Exchange and its Cape Verdean counterpart. Our aim is to prioritise sharing knowledge and experience with, possibly at a later date, extending this collaboration into other areas".
Manuel Joaquim Lima, Chairman of Cabo Verde Stock Exchange (BVCV) added: "This agreement is the result of a natural development of the historical relationship between Portugal and Cape Verde, in the context of the Special Partnership between Cape Verde and the European Union, between its stock exchanges . It paves the way for a lasting partnership in the capital markets, beneficial for both countries and its economic agents. Moreover, it also means a new more integrated and shared vision of the Stock Exchange activities, for the benefit of its development and institutional consolidation."
About Cape Verde Stock Exchange
The Cape Verde Stock Exchange, S.A. (BVC) began
its activity in December 2005, after making changes to
its systems which now renders it more modern and effective.
The BVC is structured in accordance with international
standards, in a way that creates products and services
consistent with national financial market needs and
adjustments. Currently, BVC carries out securities
operations, settlement and custody of securities, manages a
centralized system to register book entry securities, manages
the stock market and security trading systems, carries out
investigation, publicity, promotion, or training that
contributes to balanced and sustainable growth of
the Cape-verdian capital market and provides to market
members relevant services that meet their needs in similar
and foreign markets. For more information, please
visit:www.bvc.cv.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator
of financial markets and provider of innovative trading
technologies. The company's exchanges in Europe and the
United States trade equities, futures, options, fixed-income
and exchange-traded products. With approximately 8,000 listed
issues (excluding European Structured Products), NYSE
Euronext's equities markets - the New York Stock
Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE
Arca - represent one-third of the world's equities trading,
the most liquidity of any global exchange group. NYSE
Euronext also operates NYSE Liffe, one of the leading
European derivatives businesses and the world's
second-largest derivatives business by value of trading. The
company offers comprehensive commercial technology,
connectivity and market data products and services through
NYSE Technologies. NYSE Euronext is in the S&P 500 index. For
more information, please visit:http://www.nyx.com.
Disclaimer and Cautionary Note Regarding
Forward-Looking Statements
This press release may contain forward-looking
statements, including forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements include, but are not
limited to, statements concerning NYSE Euronext's plans,
objectives, expectations and intentions and other statements
that are not historical or current facts.
Forward-looking statements are based on NYSE Euronext's
current expectations and involve risks and uncertainties that
could cause actual results to differ materially from those
expressed or implied in such forward-looking
statements. Factors that could cause NYSE
Euronext's results to differ materially from current
expectations include, but are not limited to: NYSE
Euronext's ability to implement its strategic
initiatives, economic, political and market conditions and
fluctuations, government and industry regulation, interest
rate risk and U.S. and global competition, and other factors
detailed in NYSE Euronext's 2011 Annual Report on Form
10-K and other periodic reports filed with the U.S.
Securities and Exchange Commission or the French Autorité des
Marchés Financiers. In addition, these statements are
based on a number of assumptions that are subject to
change. Accordingly, actual results may be materially
higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a
representation by NYSE Euronext that the projections will
prove to be correct. This press release speaks only as of
this date. NYSE Euronext disclaims any duty to update
the information herein.
|
distributed by
|
