Principales Hitos <strong>de</strong> la BCSMilestones in the History of the SSE322010 •a new electronic trading systemfor equities called TelepregónHT (High-Frequency Trading).This new trading platform has ahundred times superior capacityto the present one. It processes3.000 or<strong>de</strong>rs per second at thehighest moments, at a rate lowerthan 1 millisecond.The new Telepregon HT adds agreat number of new functions fortra<strong>de</strong>rs, institutional investors and usersof the trading systems. It also offers agreat connectivity for intermediaries,clients and foreign networks. Abrief highlight of the new options is:routing of or<strong>de</strong>rs and connectivityfor intermediaries, clients and foreignnetworks; multiple transactionwindows, new kind of or<strong>de</strong>rs; moduleof electronic messaging; connectivitywith algorithmic trading systems;customization of transaction window;new management or<strong>de</strong>r system andlog for auditing or<strong>de</strong>rs and tra<strong>de</strong>s;new tool to program alarms and riskmanagement systems.The new Telepregon HT also inclu<strong>de</strong>sthe transactions of “Volatility AuctionSystem”, mechanism which is inten<strong>de</strong>dto <strong>de</strong>termine the market price foran instrument that has been suspen<strong>de</strong>d,before the re-establishment oftransactions.Los días 17, 18 y 19 <strong>de</strong> agosto unaimportante <strong>de</strong>legación colombianavisitó la <strong>Bolsa</strong> <strong>de</strong> Comercio <strong>de</strong><strong>Santiago</strong> y el Depósito Central <strong>de</strong><strong>Valores</strong>, en el marco <strong>de</strong>l Proyecto<strong>de</strong> Integración <strong>de</strong> los Mercados <strong>de</strong><strong>Valores</strong> <strong>de</strong> Colombia, Perú y Chile. Elproyecto espera diversificar, ampliary hacer más atractiva la negociación<strong>de</strong> este tipo <strong>de</strong> activos en los trespaíses, tanto para los inversionistaslocales como para los extranjeros.Este mercado unificado se convertiráen el primero <strong>de</strong> la región en número<strong>de</strong> emisores, el segundo en tamaño<strong>de</strong> capitalización bursátil y el terceroen cuanto a volumen <strong>de</strong> negociación,<strong>de</strong>spués <strong>de</strong> los mercados <strong>de</strong> Brasil yMéxico. On the 17th, 18th and 19th2010 •of August, an important Colombian<strong>de</strong>legation visited the <strong>Santiago</strong> StockExchange and the Chilean CentralDepositary (DCV), as part of theactivities of the Integrated MarketProject between the Chilean, Peruvianand Colombian Capital Markets. Theexpected result of this integration is tocreate a single, diversified, more liquidand more attractive equity market forlocal and foreign investors and forregional issuers. The unified market willbecome the first by number of issuers,the second by market capitalizationand the third by tra<strong>de</strong>d volume in thelatam region.El 22 <strong>de</strong> agosto se realizó la octavaversión <strong>de</strong> la tradicional Cata <strong>de</strong> Vinosen el Salón <strong>de</strong> Ruedas con la asistencia<strong>de</strong> inversionistas e intermediarios. Onaugust 22nd took place the 8th versionof the Eighth Wine Tasting event at theTrading Floor, with the presence ofinvestors and brokers.Invitación 8ª Cata <strong>de</strong> vinos <strong>de</strong> Excelencia2010 •El 1° <strong>de</strong> septiembre inició susoperaciones la sociedad “CCLV,Contraparte Central S.A.”,nueva entidad formada por la<strong>Bolsa</strong> <strong>de</strong> Comercio <strong>de</strong> <strong>Santiago</strong> parala liquidación <strong>de</strong> las operacionesbursátiles. Este importante pasomarcó el inicio oficial <strong>de</strong> la CCLVy <strong>de</strong>l cumplimiento <strong>de</strong> los nuevosrequerimientos que ello implicapara los agentes <strong>de</strong>l mercado. OnSeptember 1st, began the operationof the CCLV Central Counterparty,a subsidiary of the <strong>Santiago</strong> StockExchange. The CCLV represents a stepforward in the assurance of the securitystandards of the Chilean Market.2010 •En octubre, y como parte <strong>de</strong>las activida<strong>de</strong>s <strong>de</strong>l Proyecto <strong>de</strong>Integración <strong>de</strong>l Mercado <strong>de</strong> RentaVariable: Chile, Perú y Colombia,el Ministro <strong>de</strong> Comercio Exteriory Turismo <strong>de</strong> Perú, don EduardoFerreyros, visitó la <strong>Bolsa</strong> <strong>de</strong> Comercio<strong>de</strong> <strong>Santiago</strong> y se reunió con elPresi<strong>de</strong>nte <strong>de</strong> la Institución, don PabloYrarrázaval Valdés. En esta visita, sesumó una <strong>de</strong>legación peruana <strong>de</strong> más<strong>de</strong> diez altos ejecutivos <strong>de</strong> corredoras<strong>de</strong> la <strong>Bolsa</strong> <strong>de</strong> <strong>Valores</strong> <strong>de</strong> Lima,un representante <strong>de</strong> la BVL y <strong>de</strong>lDepósito Central <strong>de</strong> <strong>Valores</strong> peruano,CAVALI. As part of the activities ofthe Integrated Market, the PeruvianForeign Commerce and TourismMinister, Mr. Eduardo Ferreyrosvisited the <strong>Santiago</strong> Stock Exchangeon October where he meets with Mr.Pablo Yrarrázaval Valdés, chairmanof the Exchange. A <strong>de</strong>legation ofPeruvian brokers, executives of thePeruvian Stock Exchange and thePeruvian Depositary (CAVALI), joinedMr. Ferreyros in this visit.
Principales Hitos <strong>de</strong> la BCSMilestones in the History of the SSE2010 •2010 •En una ceremoniacelebrada el 9 <strong>de</strong>noviembre en la ciudad<strong>de</strong> Lima, Perú, la <strong>Bolsa</strong> <strong>de</strong>Comercio <strong>de</strong> <strong>Santiago</strong>, la<strong>Bolsa</strong> <strong>de</strong> <strong>Valores</strong> <strong>de</strong> Limay la <strong>Bolsa</strong> <strong>de</strong> <strong>Valores</strong> <strong>de</strong>Colombia suscribieron elAcuerdo con el que naceel “Mercados IntegradosL a t i n o a m e r i c a n o s ”(MILA), permitiendointegrar sus mercados<strong>de</strong> renta variable y con elcual se espera diversificar,ampliar y hacer másatractiva la negociación<strong>de</strong> este tipo <strong>de</strong> activos en los tres países,tanto para los inversionistas locales comopara los extranjeros. On NovemberDelegación <strong>de</strong> Perú visita la <strong>Bolsa</strong> <strong>de</strong> Comercio <strong>de</strong> <strong>Santiago</strong>El 1° <strong>de</strong> diciembre se materializó laapertura al mercado <strong>de</strong> las sociedadCompañía Pesquera9th, at Lima, Peru, the <strong>Santiago</strong> Stock Camanchaca S.A., medianteExchange, the Lima Stock Exchangeand the Colombian Stock Exchange la colocación <strong>de</strong>1.327.372.400 <strong>de</strong> accionesen $108.844,5 millones(US$ 223,1 millones) a través<strong>de</strong>l Sistema <strong>de</strong> Subasta<strong>de</strong> un Libro <strong>de</strong> Or<strong>de</strong>nes.On December 1st, the IPOof Compañía Pesquera CamanchacaS.A. was held,placing 1.327.372.400 sharesfor an amount of $223,1millions trough the Or<strong>de</strong>rBook Action.subscribed the agreement to implementthe ‘Latin American Integrated Market(MILA)‘, allowing the integration ofColombia, Peru and Chile equity marketscreating a single, diversified, more liquidand more attractive equity marketfor local and foreign investors andfor regional issuers.El 10 <strong>de</strong> noviembre el índiceIPSA marcó un récord históricoal superar los 5.026 puntos,culminando una ten<strong>de</strong>nciacreciente que se observó <strong>de</strong>s<strong>de</strong>el mes <strong>de</strong> junio <strong>de</strong> 2010. OnNovember 10th, the IPSAstock in<strong>de</strong>x reached a historicalmaximum of 5.026 points.2010 •2010 •El 13 <strong>de</strong> diciembre la <strong>Bolsa</strong> <strong>de</strong> Comercio<strong>de</strong> <strong>Santiago</strong> y BM&FBovespaS.A. – <strong>Bolsa</strong> <strong>de</strong> <strong>Valores</strong>, Mercadoriase Futuros, suscribieron un acuerdoestratégico <strong>de</strong> operación conjunta,Acuerdo estratégico con BM& Bovespaque prevé la conectivida<strong>de</strong>ntre las dosbolsas, consi<strong>de</strong>randoprincipalmente el ruteo<strong>de</strong> ór<strong>de</strong>nes y ladistribución <strong>de</strong> información<strong>de</strong> mercado.El acuerdo tambiéncontempla iniciativaspara nuevos temas,entre ellos, el <strong>de</strong>sarrollo<strong>de</strong>l mercado<strong>de</strong> <strong>de</strong>rivados chilenosen la <strong>Bolsa</strong> <strong>de</strong> Comercio<strong>de</strong> <strong>Santiago</strong>,el establecimiento <strong>de</strong>iniciativas conjuntasen temas <strong>de</strong> liquidación, compensacióny Contraparte Central <strong>de</strong> <strong>Valores</strong>Colocación Pesquera Camanchacay el acceso a la red <strong>de</strong> negociaciónBM&FBOVESPA/CME para los mercados<strong>de</strong> la <strong>Bolsa</strong> <strong>de</strong> Comercio. OnDecember 13nd the <strong>Santiago</strong> StockExchange and BM&FBovespasubscribed an strategic and jointoperations agreement, involvingthe connectivity of the Exchangesallowing or<strong>de</strong>r routingand market data dissemination.This agreement also involvessubjects such as the <strong>de</strong>velopof a <strong>de</strong>rivative market in Chile,clearing and settlement,Central Counterparty and theaccess to the BM&FBOVESPA/CME trading network.33