Bolsa Centroamericana de Valores

What Bolsa Centroamericana de Valores does

Bolsa Centroamericana de Valores, S.A. (BCV) is the regulated securities exchange operator for Honduras, headquartered in Tegucigalpa and operating under the supervision of the Comisión Nacional de Bancos y Seguros (CNBS). Founded in 1993, BCV provides the physical facilities and platform for trading securities including promissory notes (pagarés), bonds (bonos), certificates, shares (acciones), and reportos. The institution functions as a closed, single-country marketplace connecting licensed issuers, brokerage houses (Atlántida, CABVAL, FOFISA, PROBOLSA, PROBURSA, LAFISE), and individual securities agents in the Honduran capital market.

The platform is structured as a core trading venue (Mercado Bursátil) supported by ancillary modules: a Calculadora de Operaciones Bursátiles, a Simulador de Emisiones for issuer planning, Boletines Diarios for market statistics, an AMERCA regional financial data integration platform, a Subastas auction system, and a Programa de Capacitaciones BCV for professional education. Recent 2026 activity includes the largest corporate bond issuance in Honduran market history (BANPAIS, US$436 million), the reactivation of the repo (reportos) market with a US$7 million operation, and the onboarding of COFISA as a new MiPyME-focused issuer.

BCV's revenue model is transaction-fee based, monetizing marketplace access and trading operations across its exclusive domestic venue. Distribution is direct-to-exchange, with all trading flowing through BCV's platform via licensed brokerage houses. Revenue figures are not publicly disclosed; the institution operates with a 1-10 person staff and is privately held, with no parent company or institutional investors disclosed in available materials. The company is privately held as a Sociedad Anónima domiciled in Honduras and does not trade its own equity publicly.

Name

Bolsa Centroamericana de Valores

Legal name

Bolsa Centroamericana de Valores, S.A.

Website

https://bcv.hn

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Bolsa Centroamericana de Valores (BCV) is Honduras' regulated securities exchange operator, providing trading infrastructure for bonds, shares, promissory notes, and reportos. It serves licensed issuers, six brokerage houses, and securities agents under CNBS supervision from its Tegucigalpa headquarters.

Ownership category

akta.pro rank

Headquarters

HQ city

Tegucigalpa

HQ country

Honduras

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Securities Trading Operations: BCV generates revenue by providing the marketplace infrastructure for securities trading. The exchange facilitates negotiations of securities including promissory notes, bonds, certificates, shares, reportos and other financial instruments, charging fees for trading operations and market access.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Bolsa Centroamericana de Valores (BCV) operates Honduras' national securities exchange, providing the physical facilities, regulatory framework, and trading infrastructure for negotiating securities including promissory notes (pagarés), bonds (bonos), certificates, shares (acciones), reportos, and other financial instruments. The exchange connects corporate issuers, brokerage houses, and licensed securities agents for primary issuances, auctions, and secondary market trading.

Product overview

Bolsa Centroamericana de Valores (BCV) is a private commercial institution that operates Honduras' securities exchange. The offering is structured as a platform-plus-modules architecture centered on the Mercado Bursátil (core trading marketplace) for securities including pagarés, bonos, certificados, acciones, and reportos. Supporting modules include Calculadora de Operaciones Bursátiles and Simulador de Emisiones for issuer tools, Boletines Diarios for market statistics, AMERCA for regional financial data integration, Subastas for auction services, and a Programa de Capacitaciones for professional education.

Differentiator

Problem solved

Functional benefit

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Bolsa de Valores de El Salvador: El Salvador's stock exchange operator with a comparable scope (equities, fixed income, repurchase agreements) and similar scale in the Central American context. Comparable business model and product set, but operating in a different national jurisdiction.
• Bolsa de Valores Nacional de Guatemala: Guatemala's national securities exchange providing trading in equities, fixed income, and short-term instruments. Comparable to BCV as a Central American stock exchange operating in a similarly developing capital market, but serving a different national territory.
• Bolsa Nacional de Valores de Costa Rica: Costa Rica's national securities exchange, offering equities and fixed income trading under a similar exchange-based fee model. Highly comparable to BCV as a Central American national exchange with a comparable market scale and regulatory environment, though serving a different national jurisdiction.
• Bolsa de Valores de Nicaragua: Nicaragua's national exchange offering equities and fixed income trading. Comparable as a small Central American capital market venue with limited scale, mirroring BCV's structural characteristics in a different country.

Broad incumbents

• NYSE (Intercontinental Exchange): World's largest equities exchange operator. Comparable in core exchange function and revenue model (transaction fees, listings, market data), but at vastly greater scale and global reach than BCV.
• Nasdaq: Major US and global exchange operator with a similar fee-based business model (trading, listings, market data). Comparable in core trading venue operations, but with far more advanced technology infrastructure and global footprint than BCV.
• Bolsa Mexicana de Valores: Mexico's primary securities exchange and one of the largest in Latin America. Comparable as a regional exchange operator with a similar fee-based business model, but operates at substantially greater scale and with a much broader product suite than BCV.
• Bolsa de Valores de Colombia: Colombia's integrated securities exchange offering equities, fixed income, and derivatives. Comparable in business model and exchange operations, but at substantially larger scale and deeper liquidity than BCV.
• Bolsa de Valores de Lima: Peru's principal securities exchange operating equities and fixed income markets. Comparable as a Latin American national exchange with a similar fee-based model, but with a broader product set and deeper liquidity pool than BCV.

Others

• LATAM Exchanges: Regional alliance of Latin American exchanges (formerly MILA) focused on cross-border trading integration and shared infrastructure. Comparable as an ecosystem participant pursuing the same regional integration goals that BCV pursues via AMERCA, though it is an alliance rather than a direct exchange competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BCVHN
• LinkedInlinkedin.com/company/bcvhn

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bolsa Centroamericana de Valores