- published: 18 Jun 2016
- views: 2466452
Coordinates: 4°N 72°W / 4°N 72°W / 4; -72
Colombia (/kəˈlʌmbiə/ kə-LUM-biə or /kəˈlɒmbiə/ kə-LOM-biə; Spanish: [koˈlombja]), officially the Republic of Colombia (Spanish: República de Colombia ), is a country situated in the northwest of South America, bordered to the northwest by Panama; to the east by Venezuela and Brazil; to the south by Ecuador and Peru; and it shares maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Dominican Republic and Haiti. It is a unitary, constitutional republic comprising thirty-two departments.
The territory of what is now Colombia was originally inhabited by indigenous peoples including the Muisca, Quimbaya, and Tairona. The Spanish arrived in 1499 and initiated a period of conquest and colonization ultimately creating the Viceroyalty of New Granada, with its capital at Bogotá. Independence from Spain was won in 1819, but by 1830 "Gran Colombia" had collapsed with the secession of Venezuela and Ecuador. What is now Colombia and Panama emerged as the Republic of New Granada. The new nation experimented with federalism as the Granadine Confederation (1858), and then the United States of Colombia (1863), before the Republic of Colombia was finally declared in 1886.Panama seceded in 1903.
A stock exchange or bourse is an exchange where stock brokers and traders can buy and/or sell stocks (also called shares), bonds, and other securities. Stock exchanges may also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets, with buyers and sellers consummating transactions at a central location, such as the floor of the exchange.
To be able to trade a security on a certain stock exchange, it must be listed there. Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets use electronic networks, which gives them advantages of increased speed and reduced cost of transactions. Trade on an exchange is restricted to brokers who are members of the exchange. In recent years, various other trading venues, such as electronic communication networks, alternative trading systems and "dark pools" have taken much of the trading activity away from traditional stock exchanges.