La bolsa de valores de Colombia, su naturaleza y su posición sobre las sociedades comisionistas de bolsa: el planteamiento del Service Level Agreement (SLA) como posible forma de mitigación

Stock exchanges are vital agents for capital market development and the stock market of a country. This article defines «stock exchange» in Colombia and analyzes its characteristics from a legal, financial and market point of view. Furthermore, this article reviews the contractual relationship betwe...

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Bibliographic Details
Main Author: Rodríguez Rodríguez, Néstor David
Format: Article
Language:Spanish
Published: 2018
Subjects:
Online Access:https://dialnet.unirioja.es/servlet/oaiart?codigo=6711294
Source:Derecho PUCP: Revista de la Facultad de Derecho, ISSN 2305-2546, Nº. 81, 2018 (Ejemplar dedicado a: Derecho Penal: Aspectos Actuales de la Dogmática y la Política Criminal), pags. 265-302
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Summary: Stock exchanges are vital agents for capital market development and the stock market of a country. This article defines «stock exchange» in Colombia and analyzes its characteristics from a legal, financial and market point of view. Furthermore, this article reviews the contractual relationship between the Colombian Stock Exchange and the market agents, especially with the Colombian Stock Brokerage Firms, in order to conclude the existence of both dominant position and a monopoly that favors the Colombian Stock Exchange. Finally, the «Service Level Agreement» is proposed as a way to alleviate both the monopoly and dominant position’s effects of the Colombian Stock Exchange. For the relevant purposes, this article was developed by using the dogmatic-legal investigation, jurisprudential, and legal analysis method, and through the use of methodological, descriptive, comparative and propositional tools.