Latin American Capital Markets

HUMAN CAPACITY DEVELOPMENT 473Table 15-4 Human Capacity Development Components in CapitalMarkets in the United StatesStock Industry TrainingRegulators exchanges associations institutions• The Securities • New York Stock • Bank Securities • Euromoneyand Exchange Exchange (NYSE) Association (BSA) Financial TrainingCommission (SEC) • NASDAQ • Bond Market • International• Commodity Futures • The Arizona Stock Association Quality andTrading Exchange • Commodity Floor Productivity CentreCommission • Chicago Stock Brokers and Traders • Pangaea Partners(CFTC) Exchange Association• Chicago Board • Futures IndustryOptions Exchange Institute• Chicago Board of • Institute of FinancialTradeMarkets (IFM)• Chicago Mercantile • Managed FundsExchangeAssociation• Kansas City Board • NationalofTradeAssociation of• Minneapolis Grain InvestorsExchangeCorporation• Pacific Stock(NAIC)Exchange• National• Philadelphia Stock Association ofExchangeStockbrokers(NAS)• NationalAssociation ofSecurities Dealers(NASD)• National InvestorRelations Institute(NIRI)• Securities IndustryAssociation (SIA)• Securities TradersAssociation• The Bond MarketAssociationmight seem daunting in Latin America and the Caribbean, considering the financial resourcesthat would be needed in each country to establish its unique infrastructure.There is an even greater conundrum from the human capital perspective. Inthe region, there is a need to engender a culture of institutional savings at the domesticlevel.This is no easy task given the cultural norms of investment in some countries inCopyright © by the Inter-American Development Bank. All rights reserved.For more information visit our website: www.iadb.org/pub