Bolsa de Madrid 9 a.m. to 5:30 p.m.; open outcry from 10a.m. to 11:30 a.m., both Monday through Friday The "Bolsa de Madrid" was officially founded in 1831. In 1993, the Bolsa de Madrid switched to all-electronic trading for fixed-income securities. As required by Spanish law, it is managed and operated by the "Sociedad Rectora de la Bolsa de Valores de Madrid S.A.," a corporation organized under the laws of the Kingdom of Spain. The membership of the Madrid Stock Exchange consists of 41 major financial institutions and 12 established securities dealers. At December 31, 2001, approximately 1477 domestic and foreign companies had
Bolsa de Valores de Nicaragua domestic investors and foreign shareholders a platform to conduct operations within the framework of an open market economy. The main characteristics of this market are the following: (1) Fixed income financial instruments in U.S. dollars and local currency indices; (2) A total exemption of income and capital gains taxes for traded securities; (3) No restrictions on foreign direct investment (FDI); (4) An effective regulatory frame. Bolsa de Valores de Nicaragua is supervised by the "Superintendencia de Bancos y Otras Instituciones Financieras" (Supervision of Banks and Other Financial Institutions). This institution supervises trading activity, market positions, as well as stock brokers