Securities superintendent: Dominican Republic securities market to top US$25.0B

Securities superintendent: Dominican Republic securities market to top US$25.0B

Santo Domingo.- Securities superintendent Gabriel Castro on  Sunday revealed that trades in the Dominican Republic´s securities market are expected to surpass US$25.0 billion at year end, from the US$22 billion traded in 2014.

He said the figures show that the country´s productive sectors have absolute confidence in the market´s transparency and correctness.

Interviewed on D’Agenca on Channel 11 Telesistema, the official said the among the factors which have contributed to the sector´s growth figures the “dematerialization of the transactions,” which were previously negotiated with physical certificates, “such operations are now fully electronic.”

He affirmed that dematerialization implies less risk and more dynamism.

“We understand that the end of this year we will be doing operations on the order of 25 billion dollars, because this is a market that continues an upward trend, so what we seek is to apply the main international practice so the public can feel totally confident,” Castro said.

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