ALGIERS - In a press release issued on Wednesday, the Commission for the Organization and Supervision of Stock Exchange Operations (Cosob) announced that Invest Market SPA had been granted approval as an intermediary in stock exchange operations (IOB).
This approval authorizes the company to engage in proprietary trading, third-party trading, securities placement advice, placement of securities and financial products, individual portfolio management by virtue of a mandate, advice to companies on capital structure, mergers and takeovers, the same source indicates.
Cosob also announced the authorization of two new players to operate as stock market promoters: Finabi and Invest Market.
The role of the stock market promoter is to support companies wishing to go public. “This activity helps to stimulate the market and broaden the range of investment opportunities”, explains the commission.
According to Cosob, “the arrival of these new players testifies to the growing attractiveness of the financial market and its current dynamism”.
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