Bolsa de Valores de Nicaragua Bolsa de Valores de Nicaragua Bolsa de Valores de Nicaragua (Stock Exchange of Nicaragua, or BVDN) was created in 1994 and is the only stock exchange operating in Nicaragua. The exchange is the result of private sector initiatives encouraging the country's market liberalization programmes, which began in 1990. Trading operations officially began on January 31, 1994, and as of 2006 BVDN is the only organized stock exchange existing in the country. The institution is a private joint-stock company, founded by most of the private and state run banks, and by representatives of enterprising groups from various business sectors. BVDN offers
Bolsa de Valores de la República Dominicana was originally known as the "Bolsa de Valores de Santo Domingo Inc". In 1997, as a result of the fact that its activities extended into other cities of the country, it changed its name to "Bolsa de Valores de la República Dominicana". This means that the market is still relatively new, and the concept of both an equity and capital market is just coming into consciousness. Despite the limitations resulting from inadequate legislation, transactions at the BVRD grew steadily during the 1990s. There are twenty brokerage houses registered at the BVRD. Thirteen belong to financial groups and only seven are