DEFINITION of 'Santiago Stock Exchange (SSE) .SN'

The Santiago Stock Exchange is the premier stock exchange of Chile. Located in Santiago, the exchange trades stocks, bonds, investment funds, derivatives and gold and silver Chilean coins. It also has an electronic trading platform called Telepregon.

BREAKING DOWN 'Santiago Stock Exchange (SSE) .SN'

The Santiago Stock Exchange was founded in 1893. Currently it operates from 9:30am to 4pm in the winter and stays open until 5pm in the summer. The exchange has several markets which trade in equities, money market instruments, fixed income securities, exchange-traded funds (ETFs), derivatives and foreign securities.

The Santiago Stock Exchange’s stated mission is to provide exemplary service for the growth of Chile’s securities market. The exchange also holds itself to the following pillars: excellent service, innovation, and transparency and sustainability. It aims to provide trust, efficiency and security to its customers.

The Santiago Stock Exchange is a member of both the Iberoamerican Federation of Exchanges (since 1973) and the World Federation of Stock Exchanges (since 1991). The exchange has received numerous acknowledgements and awards, such as the "Infrastructure and Technology CETIUC 2009" award from the Pontifical Catholic University of Chile (2009), the "Best Business Initiatives 2010" award from the financial newspaper Diario Financiero and being voted the "Best Stock Exchange in Latin America" by the financial magazine Euromoney (2014).

History of the Santiago Stock Exchange

1893: The Santiago Stock Exchange is founded.

1913: Construction begins the exchange’s building, which is still where the exchange is housed today.

1958: The General Stock Price Index (IGPA) is created.

1973: The Santiago Stock Exchange is a founding member of the Latin American Federation of Exchanges (FIAB).

1977: The Selective Stock Price Index (IPSA) is created.

1988-1989: The Telepregon system launches electronic trading of stocks and debt instruments.

1990: Chilean companies start trading in international markets.

1991: The exchange becomes a member of the World Federation of Exchanges (WFE).

2000: The exchange initiates the Foreign Market for the listing and trading of foreign securities.

2012: The exchange concludes the bidding process for the IPSA, IGPA and INTER-10 indices, which creates ETFs in Chile.

RELATED TERMS
  1. Exchange

    An exchange is a marketplace in which securities, commodities, ...
  2. Miami Stock Exchange

    The Miami Stock Exchange offers a full range of processing and ...
  3. Exchangeable Security

    An exchangeable security is a security that can be exchanged ...
  4. World Federation Of Stock Exchanges

    The World Federation of Stock Exchanges is an international standards ...
  5. Bombay Stock Exchange (BSE)

    The Bombay Stock Exchange (BSE) is the first and largest securities ...
  6. Currency Exchange

    Travelers looking to buy foreign currency can do so at a currency ...
Related Articles
  1. Investing

    5 Ways to Invest in Chile From Abroad

    A solid credit rating, relatively strong economy, low corruption and transparent bureaucracy make Chile a popular recipient of foreign investment. Here are some ways to approach it.
  2. Investing

    Who Owns The Stock Exchanges?

    As M&A heats up among the exchanges, here's how the market currently looks.
  3. Retirement

    Top 5 Retirement Cities in Chile

    Chile has a great deal to offer retirees: urban and country living, a remarkable and varied environment and a high standard of living that's affordable.
  4. Investing

    Stock Exchanges Around The World

    We tell you about five of the most popular stock exchanges from around the globe.
  5. Investing

    Stock Exchanges: A Global Tour

    Check out the history and inner workings of the world's six most well-known stock exchanges.
  6. Tech

    5 Live Bitcoin Exchanges

    Learn about five of the largest bitcoin exchanges operating around the world in 2015, and discover the issues these exchanges are facing.
  7. Managing Wealth

    Top Tips For Exchanging Money

    Take these tips to heart to avoid wasting money when you exchange currencies.
  8. Insights

    The World's Top Financial Cities

    These cities are the heart of the world's financial activity.
RELATED FAQS
  1. What are all of the securities markets in the U.S.A?

    Securities can be bought and sold via a number of exchanges in the US. Learn about the major and somewhat lesser-known U.S. ... Read Answer >>
  2. Can stocks be traded on more than one exchange?

    A stock can trade on any exchange on which it is listed. A company can list its shares on more than one exchange, in a dual ... Read Answer >>
  3. What does it mean when my broker says that shares are for auction?

    An auction market is one in which stock buyers enter competitive bids and stock sellers enter competitive offers at the same ... Read Answer >>
  4. Who uses bills of exchange?

    Find out who uses bills of exchange, why they are important in international trade and what happens when a bill is traded ... Read Answer >>
Trading Center