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Instinet Canada Introduces BrokerShare Centre Daily Times Latin Americans shy away from market AZCentralcom
Mon, 27 Oct 2008 14:02:49 +0000
Subscribe search CentreDaily.com Archives Web for Web Search powered by YAHOO SEARCH Homepage Local News Crime Instinet Canada Limited the Canadian agency brokerage subsidiary of Instinet Incorporated a global leader in electronic trading and agency only brokerage services today announced the introduction of BrokerShare R . BrokerShare is a commission sharing arrangement CSA program that allows clients to unbundle their research costs from execution fees and therefore set explicit costs for both services a process which the securities industry has long identified as a critical component of a fund s best execution objectives. BrokerShare which is available to Canadian institutional clients immediately becomes one of the first programs of this nature in Canada. With the dramatic increase over the past months in the number alternative trading systems in Canada it s understandable that the conversation around best execution has focused primarily on a buyside firm s ability to trade on these new venues. However as significant as these new ATS platforms have become the unbundling of research from execution should have as profound if not more impact on a fund s execution cost savings said Thomas Young Head of Trading at Instinet Canada. Added Maureen Shankar Director of Commission Management Services at Instinet LLC which is Instinet Canada s U.S. affiliate Instinet was a pioneer of the CSA model in the United States and we intend to leverage that experience as Instinet expands the program to Canada which should enable Instinet Canada s clients to provide their managed accounts with more visibility into their transaction costs. Under the program institutional clients accrue trading commission credits in a BrokerShare account by utilizing Instinet s global trade execution services and later direct Instinet Canada to pay participating research brokers whose research the institution has consumed. Instinet Canada then handles all payments which are variable based on the client s discretion administration and record keeping through an online commission management system. This differs from the traditional commission model in which institutions pay a single bundled commission rate for a suite of services including research and execution but do so without the designation of an explicit cost for each service. By using a CSA program clients can select a broker based on its execution quality performance rather than on research payment commitments. Buy side traders in Canada are increasingly demanding the ability to control the execution of their own equity orders. These traders are beginning to manage their trading activity with an eye towards achieving best execution practices and as they do they will increasingly unbundle superior execution services from research content. CSAs allow them to achieve the best of both worlds they can concentrate their order flow and commission dollars with sell side firms that provide best execution capabilities while paying others for alpha generating research ideas commented Laurie Berke senior consultant TABB Group. One of the first CSA programs when introduced by Instinet in BrokerShare has grown steadily since its introduction to include over participants in the U.S. and total over million USD in payouts. Advertisement About Instinet Canada Located in Toronto s Exchange Tower Instinet Canada Limited is one of Canada s largest agency only brokerages having operated in the market since . The firm provides its buyside clients with a comprehensive suite of trading services that includes agency sales trading global portfolio trading algorithmic trading direct market access commission management and the Newport TM execution management system. While sharing the same parent in Instinet Incorporated Instinet Canada is an independently operated and regulated firm from Chi X Canada ATS Limited. About Instinet Instinet is an electronic trading pioneer having established the world s first significant electronic trading venue in one of the first recognized U.S. ECNs in and the first pan European MTF in . Through its subsidiaries and affiliates Instinet operates two distinct business lines a global network of agency only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products including smart routing algorithms DMA dark pools and EMS platforms and also provide sales trading commission management services and independent research and the Chi X R trading systems which aim to improve the efficiency of capital markets globally by providing high performance low cost alternative execution venues. Instinet is a wholly owned subsidiary of Nomura Holdings Inc. For more information please visit www.instinet.com. C Instinet Canada Limited. All rights reserved. INSTINET is a registered trademark in the United States and in other countries throughout the world. Approved for distribution in Canada by Instinet Canada Limited member IIROC CIPF. Instinet Mark Dowd Corporate Communications mark.dowdinstinet.com Advertisement Advertisement Latest News Sponsored by Corbin s Creative Concrete Tickets still available to see Sarah Palin PM Group seeks M for blighted riverfronts in W. Pa. PM PSU Iowa game time set AM MIDDAY REPORT Cameras rolled as victory dance turned to chaos PSU gains in BCS Bellefonte loves a parade AM Advertisement Top Blogs Most Read Most Emailed Most Commented Fans celebrate win with downtown riot Joy over win turns destructive Choir dropped from Victorian Christmas Resiliency gets reality check in Ohio Clark suffers mild concussion Joy over win turns destructive Fans celebrate win with downtown riot Woman sues over counseling treatment After win over Buckeyes all heck broke loose Fans converge on Canyon after PSU win Top Jobs State College Top Jobs All Top Jobs nbsp Quick Job Search Enter Keyword s Enter a City Select a State All United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Select a Category All Job Categories Accounting Admin Clerical Automotive Banking Biotech Broadcast Journalism Business Development Construction Consultant Customer Service Design Distribution Shipping Education Engineering Entry Level Executive Facilities Finance General Business General Labor Government Health Care Hotel Hospitality Human Resources Information Technology Insurance Inventory Legal Legal Admin Management Manufacturing Marketing Nurse Other Pharmaceutical Professional Services Purchasing Procurement QA Quality Control Research Restaurant Food Service Retail Grocery Sales Science Skilled Labor Trades Strategy Planning Supply Chain Telecommunications Training Transportation Warehouse Advanced Job Search Search by Category rail c site map Homepage Local News Crime Courts Obituaries Pennsylvania Nation World PR News Wire Weird News Contact Us CDT Happy Valley Gifts Archives Classifieds Subscribe Local News Breaking News Bald Eagle Area Bellefonte Penns Valley Phillipsburg State College Wonders of Centre County Voters Guide Affordable Housing I World Nation World News National News Iraq War Wounded Warriors McClatchy Washington Bureau Open Records War Stories WWII Sports Golf College MLB Motorsports NFL NHL NBA Soccer Spikes Sports Recreation Blogs Women Other Sports Olympics Penn State Alumni Football Sports Tailgates Memories Happy Valley Gifts Business Technology Real Estate Transfers Market Summary Entertainment Celebrities Comics Games Horoscopes Movies Trailers Showtimes T.V. Shows T.V. Listings Music DVD s Weekender Calendar Living Body More Books Fashion Fathering Food Health Science Home Pets Travel Wedding Line Opinion Blogs Discussion Boards Politics Multimedia Video News Widget Photo Events Photo Parties Photo Youth Sports Photo Penn State PODcast RSS Headlines About CentreDaily.com About the Real Cities Network Terms of Use Privacy Statement Copyright About the McClatchy Company Copyright The Centre Daily Times All Rights Reserved All Rights Reserved. Home Contact us Privacy Policy Licensing Agreement Help Back to Top AM Republic Mexico City Bureau MEXICO CITY Matias Zvetelman of Argentina started dabbling in the stock market three years ago buying a few blue chips through an online broker whenever he had some extra money. It was unfamiliar territory for him. In Latin America stock markets are seen as a club for the rich and most countries are just beginning to persuade middle class investors to participate. Those who did like Zvetelman saw their modest holdings soar in value until they all came crashing down this month. It scared me Zvetelman said speaking by telephone from Buenos Aires. I managed to get out my money before the worst of it hit. But with what I m seeing now I m not going back in. Across Latin America economists and stock brokers are afraid the economic chaos of recent weeks will thwart efforts to lure regular people to capital markets an important step for countries trying to fire up their economies. The drive for new investors has been intense The Stock Market Can Be Yours says a story high sign on the side of the Mexican stock exchange. Start earning says a TV ad for an investing contest sponsored by the Bank of Chile. But what investors are seeking now is safety said Juan Carlos Gozzi an economist and expert on Latin American stock markets at Brown University in Providence R.I. For sure this is going to be a setback for investor participation in these markets Gozzi said. Since Sept. most Latin American stock indexes have suffered double digit drops including percent in Argentina and percent in Mexico. While smaller investors are not yet selling in droves they re also not flocking to open new accounts said Carlos Ponce director of analysis for Mexico s Ixe Financial Group which owns a brokerage house. We have been working for several years to try to change the erroneous image that people have of stock investing he said. Now with this crisis we re going to have to go back . . . and try to convince people all over again. Rising above the traffic of Mexico City s main Reforma Avenue the Mexican stock exchange is a circular concrete building topped with an enormous dome of silvered glass. Under the dome a group of high school students stood on a balcony one recent afternoon and watched as technicians tended computers on the trading floor. Getting more players Educating the public about the markets has become a prime goal for many brokerage houses clustered around the exchange. Ads for Actinver SA show a housewife talking excitedly about the company s mutual funds. Now is the time to invest urges the Web site of the Monex Financial Group. At colleges and workplaces brokers from Ixe Financial hold seminars with titles such as Investing in the Mexican Stock Market Is Not What You Think. Having a vibrant investment scene is good for countries because selling stocks bonds and other securities allows companies to raise money and expand said Sergio Schmukler lead research economist at the World Bank in Washington D.C. Investing puts people s savings to more efficient use and helps distribute wealth as shareholders receive dividends and capital gains from successful companies the International Monetary Fund says. Having many investors also forces companies to be more forthcoming about their finances. Individual investors can also help stabilize markets Schmukler said because they are distracted by their jobs and daily life and less attuned to the ups and downs of the markets. But Latin America has lagged far behind in cultivating these markets the World Bank said in a report last year. The average number of companies listed on Latin American stock exchanges shrank from in to in . In East Asian countries the average number nearly tripled from to . More developed countries saw an average percent increase. The bond market is puny too. Bonds issued by private companies account for only percent of countries gross domestic product in Latin America compared with percent in East Asia and percent in more developed countries the World Bank report said. With so few investments available for purchase at home wealthy Latin Americans prefer to invest on the U.S. stock exchanges instead said Luis Silva Santisteban a Peruvian who runs Labolsalatina.com an Internet forum for investors. Suspicious of history Middle class investors meanwhile have long been suspicious of financial institutions because of Latin America s history of economic crashes said Pablo Riveroll director of research for Actinver. People put their money in real estate or in green dollars under the mattress or in traveler s checks Riveroll said. They didn t feel very confident investing in other things. To win over new customers most brokerage houses in Mexico have lowered the minimum for mutual fund accounts to pesos or about in recent years. Companies like Accitrade a brokerage branch of U.S. based Citigroup have launched online simulators where Mexican investors can experiment before risking their money. Actinver has opened up offices in shopping malls nationwide in an effort to attract walk in clients. In other countries the drive for customers is even more aggressive. Online brokerages like Coinvalores in Brazil Intervalores in Chile and Invertironline in Argentina have sprung up offering instant trades and low commissions. Investors clubs like one operated by the private Bank of Chile allow small players to get into the markets with as little as . To cultivate new investors the Chilean bank runs a World Cup of Investing where beginners can test their luck with an online stock simulator. The best investors can win cars African safaris or trips to Las Vegas. New training ground Other companies are pinning their hopes on retirement funds. Millions of Chileans Brazilians and Mexicans are now required to put their savings into government mandated mutual funds creating a training ground for new investors. As people begin to experiment with those retirement funds and work with them they ll get more sophisticated and it will become more participatory said Teofilo Ozuna dean of the business college at the University of Texas Pan American campus in Edinburg Texas. For now however Latin Americans remain skittish about the markets. Getting new customers will be harder than ever Riveroll said. People won t come back until there s clear evidence that the market has already risen by percent or percent he said. Some time has to elapse. It takes awhile. Reach the reporter at chris.hawleyarizonarepublic.com . Type Size A A A Print Email Most Popular Chris Hawley The Arizona Republic Technicians monitor trading on the floor of the Mexican stock exchange above in Mexico City. A glass dome at the stock exchange below covers the trading floor. Mexico s stock exchange is completely electronic much like Nasdaq in the U.S. More on this topic Dizzying drop Since Sept. Latin American stocks have fallen precipitously. Argentina s Merval percent. Peru s IGBVL percent. Brazil s Bovespa percent. Mexico s IPC percent. Colombia s IGBC percent. Chile s IPSA percent. Venezuela s IBC percent. Source Bloomberg LP. Numbers current as of Thursday. Most read Ariz. wind energy power plant moves ahead Jani King Southwest passes the torch Quayle calls bailout necessary Ariz. small business loans drop Airline reduces size of bags allowed onboard As economy sours migrants return south P.F. Chang s to shutter Pei Wei restaurants Banks not curbing pay despite meltdown Valley home values Test in the West Median home prices in Phoenix Scottsdale fall Consumer News Reports of baby rashes prompt clothing warning Airline reduces size of bags allowed onboard Despite slump Yahoo plans new operations Front of package food labels coming next year Premium chocolates don t have to be pricey more consumer news Real Estate News Home price boom is now a bust Remodel or relocate Data Foreclosures pull down values Apartment rents remain unchanged License required to do work for HOA more real estate Featured Compare your salary with local sports celebrities Search gas pump violations Crude and retail gas prices the last six years Search ASU salaries UA NAU Search executive pay in Arizona more databases mobile news Get free local and national breaking news alerts sent to your phone. Enter your phone number azcentral.com on your phone Text message alerts email alerts Enter your email address to get Business ol news food home weather sports style classified money photos jobs entertainment video autos momslikeme.com shopping real estate phoenix calendar rss feeds newsletters CUSTOMER SERVICE terms of service advertising information privacy policy The Republic in your community contact The Republic about The Republic subscribe to The Republic jobs at The Republic Republic subscriber services jobs at KPNX TV Newspapers in Education about KPNX TV PARTNERS USA Today Gannett Co. Inc. Jobs CareerBuilder.com Cars cars.com Apartments apartments.com Shopping ShopLocal.com Real Cities Network Member Copyright azcentral.com. All rights reserved. Users of this site agree to the Terms of Service and Privacy Policy Your California Privacy Rights Terms updated March
Instinet Canada Introduces BrokerShare Centre Daily Times Latin Americans shy away from market AZCentralcom
Mon, 27 Oct 2008 14:02:49 +0000
Subscribe search CentreDaily.com Archives Web for Web Search powered by YAHOO SEARCH Homepage Local News Crime Instinet Canada Limited the Canadian agency brokerage subsidiary of Instinet Incorporated a global leader in electronic trading and agency only brokerage services today announced the introduction of BrokerShare R . BrokerShare is a commission sharing arrangement CSA program that allows clients to unbundle their research costs from execution fees and therefore set explicit costs for both services a process which the securities industry has long identified as a critical component of a fund s best execution objectives. BrokerShare which is available to Canadian institutional clients immediately becomes one of the first programs of this nature in Canada. With the dramatic increase over the past months in the number alternative trading systems in Canada it s understandable that the conversation around best execution has focused primarily on a buyside firm s ability to trade on these new venues. However as significant as these new ATS platforms have become the unbundling of research from execution should have as profound if not more impact on a fund s execution cost savings said Thomas Young Head of Trading at Instinet Canada. Added Maureen Shankar Director of Commission Management Services at Instinet LLC which is Instinet Canada s U.S. affiliate Instinet was a pioneer of the CSA model in the United States and we intend to leverage that experience as Instinet expands the program to Canada which should enable Instinet Canada s clients to provide their managed accounts with more visibility into their transaction costs. Under the program institutional clients accrue trading commission credits in a BrokerShare account by utilizing Instinet s global trade execution services and later direct Instinet Canada to pay participating research brokers whose research the institution has consumed. Instinet Canada then handles all payments which are variable based on the client s discretion administration and record keeping through an online commission management system. This differs from the traditional commission model in which institutions pay a single bundled commission rate for a suite of services including research and execution but do so without the designation of an explicit cost for each service. By using a CSA program clients can select a broker based on its execution quality performance rather than on research payment commitments. Buy side traders in Canada are increasingly demanding the ability to control the execution of their own equity orders. These traders are beginning to manage their trading activity with an eye towards achieving best execution practices and as they do they will increasingly unbundle superior execution services from research content. CSAs allow them to achieve the best of both worlds they can concentrate their order flow and commission dollars with sell side firms that provide best execution capabilities while paying others for alpha generating research ideas commented Laurie Berke senior consultant TABB Group. One of the first CSA programs when introduced by Instinet in BrokerShare has grown steadily since its introduction to include over participants in the U.S. and total over million USD in payouts. Advertisement About Instinet Canada Located in Toronto s Exchange Tower Instinet Canada Limited is one of Canada s largest agency only brokerages having operated in the market since . The firm provides its buyside clients with a comprehensive suite of trading services that includes agency sales trading global portfolio trading algorithmic trading direct market access commission management and the Newport TM execution management system. While sharing the same parent in Instinet Incorporated Instinet Canada is an independently operated and regulated firm from Chi X Canada ATS Limited. About Instinet Instinet is an electronic trading pioneer having established the world s first significant electronic trading venue in one of the first recognized U.S. ECNs in and the first pan European MTF in . Through its subsidiaries and affiliates Instinet operates two distinct business lines a global network of agency only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products including smart routing algorithms DMA dark pools and EMS platforms and also provide sales trading commission management services and independent research and the Chi X R trading systems which aim to improve the efficiency of capital markets globally by providing high performance low cost alternative execution venues. Instinet is a wholly owned subsidiary of Nomura Holdings Inc. For more information please visit www.instinet.com. C Instinet Canada Limited. All rights reserved. INSTINET is a registered trademark in the United States and in other countries throughout the world. Approved for distribution in Canada by Instinet Canada Limited member IIROC CIPF. Instinet Mark Dowd Corporate Communications mark.dowdinstinet.com Advertisement Advertisement Latest News Sponsored by Corbin s Creative Concrete Tickets still available to see Sarah Palin PM Group seeks M for blighted riverfronts in W. Pa. PM PSU Iowa game time set AM MIDDAY REPORT Cameras rolled as victory dance turned to chaos PSU gains in BCS Bellefonte loves a parade AM Advertisement Top Blogs Most Read Most Emailed Most Commented Fans celebrate win with downtown riot Joy over win turns destructive Choir dropped from Victorian Christmas Resiliency gets reality check in Ohio Clark suffers mild concussion Joy over win turns destructive Fans celebrate win with downtown riot Woman sues over counseling treatment After win over Buckeyes all heck broke loose Fans converge on Canyon after PSU win Top Jobs State College Top Jobs All Top Jobs nbsp Quick Job Search Enter Keyword s Enter a City Select a State All United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Select a Category All Job Categories Accounting Admin Clerical Automotive Banking Biotech Broadcast Journalism Business Development Construction Consultant Customer Service Design Distribution Shipping Education Engineering Entry Level Executive Facilities Finance General Business General Labor Government Health Care Hotel Hospitality Human Resources Information Technology Insurance Inventory Legal Legal Admin Management Manufacturing Marketing Nurse Other Pharmaceutical Professional Services Purchasing Procurement QA Quality Control Research Restaurant Food Service Retail Grocery Sales Science Skilled Labor Trades Strategy Planning Supply Chain Telecommunications Training Transportation Warehouse Advanced Job Search Search by Category rail c site map Homepage Local News Crime Courts Obituaries Pennsylvania Nation World PR News Wire Weird News Contact Us CDT Happy Valley Gifts Archives Classifieds Subscribe Local News Breaking News Bald Eagle Area Bellefonte Penns Valley Phillipsburg State College Wonders of Centre County Voters Guide Affordable Housing I World Nation World News National News Iraq War Wounded Warriors McClatchy Washington Bureau Open Records War Stories WWII Sports Golf College MLB Motorsports NFL NHL NBA Soccer Spikes Sports Recreation Blogs Women Other Sports Olympics Penn State Alumni Football Sports Tailgates Memories Happy Valley Gifts Business Technology Real Estate Transfers Market Summary Entertainment Celebrities Comics Games Horoscopes Movies Trailers Showtimes T.V. Shows T.V. Listings Music DVD s Weekender Calendar Living Body More Books Fashion Fathering Food Health Science Home Pets Travel Wedding Line Opinion Blogs Discussion Boards Politics Multimedia Video News Widget Photo Events Photo Parties Photo Youth Sports Photo Penn State PODcast RSS Headlines About CentreDaily.com About the Real Cities Network Terms of Use Privacy Statement Copyright About the McClatchy Company Copyright The Centre Daily Times All Rights Reserved All Rights Reserved. Home Contact us Privacy Policy Licensing Agreement Help Back to Top AM Republic Mexico City Bureau MEXICO CITY Matias Zvetelman of Argentina started dabbling in the stock market three years ago buying a few blue chips through an online broker whenever he had some extra money. It was unfamiliar territory for him. In Latin America stock markets are seen as a club for the rich and most countries are just beginning to persuade middle class investors to participate. Those who did like Zvetelman saw their modest holdings soar in value until they all came crashing down this month. It scared me Zvetelman said speaking by telephone from Buenos Aires. I managed to get out my money before the worst of it hit. But with what I m seeing now I m not going back in. Across Latin America economists and stock brokers are afraid the economic chaos of recent weeks will thwart efforts to lure regular people to capital markets an important step for countries trying to fire up their economies. The drive for new investors has been intense The Stock Market Can Be Yours says a story high sign on the side of the Mexican stock exchange. Start earning says a TV ad for an investing contest sponsored by the Bank of Chile. But what investors are seeking now is safety said Juan Carlos Gozzi an economist and expert on Latin American stock markets at Brown University in Providence R.I. For sure this is going to be a setback for investor participation in these markets Gozzi said. Since Sept. most Latin American stock indexes have suffered double digit drops including percent in Argentina and percent in Mexico. While smaller investors are not yet selling in droves they re also not flocking to open new accounts said Carlos Ponce director of analysis for Mexico s Ixe Financial Group which owns a brokerage house. We have been working for several years to try to change the erroneous image that people have of stock investing he said. Now with this crisis we re going to have to go back . . . and try to convince people all over again. Rising above the traffic of Mexico City s main Reforma Avenue the Mexican stock exchange is a circular concrete building topped with an enormous dome of silvered glass. Under the dome a group of high school students stood on a balcony one recent afternoon and watched as technicians tended computers on the trading floor. Getting more players Educating the public about the markets has become a prime goal for many brokerage houses clustered around the exchange. Ads for Actinver SA show a housewife talking excitedly about the company s mutual funds. Now is the time to invest urges the Web site of the Monex Financial Group. At colleges and workplaces brokers from Ixe Financial hold seminars with titles such as Investing in the Mexican Stock Market Is Not What You Think. Having a vibrant investment scene is good for countries because selling stocks bonds and other securities allows companies to raise money and expand said Sergio Schmukler lead research economist at the World Bank in Washington D.C. Investing puts people s savings to more efficient use and helps distribute wealth as shareholders receive dividends and capital gains from successful companies the International Monetary Fund says. Having many investors also forces companies to be more forthcoming about their finances. Individual investors can also help stabilize markets Schmukler said because they are distracted by their jobs and daily life and less attuned to the ups and downs of the markets. But Latin America has lagged far behind in cultivating these markets the World Bank said in a report last year. The average number of companies listed on Latin American stock exchanges shrank from in to in . In East Asian countries the average number nearly tripled from to . More developed countries saw an average percent increase. The bond market is puny too. Bonds issued by private companies account for only percent of countries gross domestic product in Latin America compared with percent in East Asia and percent in more developed countries the World Bank report said. With so few investments available for purchase at home wealthy Latin Americans prefer to invest on the U.S. stock exchanges instead said Luis Silva Santisteban a Peruvian who runs Labolsalatina.com an Internet forum for investors. Suspicious of history Middle class investors meanwhile have long been suspicious of financial institutions because of Latin America s history of economic crashes said Pablo Riveroll director of research for Actinver. People put their money in real estate or in green dollars under the mattress or in traveler s checks Riveroll said. They didn t feel very confident investing in other things. To win over new customers most brokerage houses in Mexico have lowered the minimum for mutual fund accounts to pesos or about in recent years. Companies like Accitrade a brokerage branch of U.S. based Citigroup have launched online simulators where Mexican investors can experiment before risking their money. Actinver has opened up offices in shopping malls nationwide in an effort to attract walk in clients. In other countries the drive for customers is even more aggressive. Online brokerages like Coinvalores in Brazil Intervalores in Chile and Invertironline in Argentina have sprung up offering instant trades and low commissions. Investors clubs like one operated by the private Bank of Chile allow small players to get into the markets with as little as . To cultivate new investors the Chilean bank runs a World Cup of Investing where beginners can test their luck with an online stock simulator. The best investors can win cars African safaris or trips to Las Vegas. New training ground Other companies are pinning their hopes on retirement funds. Millions of Chileans Brazilians and Mexicans are now required to put their savings into government mandated mutual funds creating a training ground for new investors. As people begin to experiment with those retirement funds and work with them they ll get more sophisticated and it will become more participatory said Teofilo Ozuna dean of the business college at the University of Texas Pan American campus in Edinburg Texas. For now however Latin Americans remain skittish about the markets. Getting new customers will be harder than ever Riveroll said. People won t come back until there s clear evidence that the market has already risen by percent or percent he said. Some time has to elapse. It takes awhile. Reach the reporter at chris.hawleyarizonarepublic.com . Type Size A A A Print Email Most Popular Chris Hawley The Arizona Republic Technicians monitor trading on the floor of the Mexican stock exchange above in Mexico City. A glass dome at the stock exchange below covers the trading floor. Mexico s stock exchange is completely electronic much like Nasdaq in the U.S. More on this topic Dizzying drop Since Sept. Latin American stocks have fallen precipitously. Argentina s Merval percent. Peru s IGBVL percent. Brazil s Bovespa percent. Mexico s IPC percent. Colombia s IGBC percent. Chile s IPSA percent. Venezuela s IBC percent. Source Bloomberg LP. Numbers current as of Thursday. Most read Ariz. wind energy power plant moves ahead Jani King Southwest passes the torch Quayle calls bailout necessary Ariz. small business loans drop Airline reduces size of bags allowed onboard As economy sours migrants return south P.F. Chang s to shutter Pei Wei restaurants Banks not curbing pay despite meltdown Valley home values Test in the West Median home prices in Phoenix Scottsdale fall Consumer News Reports of baby rashes prompt clothing warning Airline reduces size of bags allowed onboard Despite slump Yahoo plans new operations Front of package food labels coming next year Premium chocolates don t have to be pricey more consumer news Real Estate News Home price boom is now a bust Remodel or relocate Data Foreclosures pull down values Apartment rents remain unchanged License required to do work for HOA more real estate Featured Compare your salary with local sports celebrities Search gas pump violations Crude and retail gas prices the last six years Search ASU salaries UA NAU Search executive pay in Arizona more databases mobile news Get free local and national breaking news alerts sent to your phone. Enter your phone number azcentral.com on your phone Text message alerts email alerts Enter your email address to get Business ol news food home weather sports style classified money photos jobs entertainment video autos momslikeme.com shopping real estate phoenix calendar rss feeds newsletters CUSTOMER SERVICE terms of service advertising information privacy policy The Republic in your community contact The Republic about The Republic subscribe to The Republic jobs at The Republic Republic subscriber services jobs at KPNX TV Newspapers in Education about KPNX TV PARTNERS USA Today Gannett Co. Inc. Jobs CareerBuilder.com Cars cars.com Apartments apartments.com Shopping ShopLocal.com Real Cities Network Member Copyright azcentral.com. All rights reserved. Users of this site agree to the Terms of Service and Privacy Policy Your California Privacy Rights Terms updated March
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