Carlos Fradique-Mendez, María Andrea Estrada Rugeles
The article reports on the market makers program adopted by the Colombian Stock Exchange on March 6, 2014 which permits the structuring and implementation of a stockbroker's commitment to buy or sell equity shares. Among the cited advantages of market makers are lower transaction costs, reduced volatility and improved trading volume of traded securities. Also noted is the significance of program for the securities market.
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