Tuesday, February 19, 2013
Investing In The D.R.
The Santo Domingo Stock Market, one of the little-known features of local financial life, is now open to small investors, according to the Superintendence of Securities. The official said that for the past two months they have placed a regulation that says when new products enter the securities market there is a five-day window for small investors (from RD$1,000 to RD$500,000) to participate in the sale. Thereafter the big investors can set up shop. He noted that on other occasions major investors have taken positions within minutes of a bond issue going on sale. According to the Superintendent, the market is moving some RD$350 billion in securities a year and this year the forecast is to go over RD$400 billion.