There is also another smaller unaffiliated company with the same name that is based in Portugal. It is one of two central securities depository and settlement systems in Portugal

InterBolsa formerly the Interbolsa Financial Group now largely known as Grupo InterBolsa, is a Colombian based securities broker

Stock broker

A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...

 (largest in Colombia) and proprietary trader

Proprietary trading

Proprietary trading occurs when a firm trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments, with the firm's own money as opposed to its customers' money, so as to make a profit for itself...

 that also engages in asset management and other types of investment banking

Investment banking

An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...

. In addition it participates in government debt market making and has commercial and retail banking operations through recently acquired Finabank.

Strategic relationships with groups like Latin America market data provider CMA and Bolsa de Valores de Colombia (Colombian Stock Exchange) have enabled Interbolsa to become a major participant in South American and global market systems. As a financial group it is one of the largest in the business of real estate portfolios. As a data provider and researcher it publishes annual and quarterly data for major Colombian companies among them Ecopetrol, Grupo Aval. It also engages in foreign exchange trading mostly through networks like GlobalX, a brokers trading network connecting people in 105 countries that it became a part of in 2009.

The company has over 29% of the market volume of brokerage activity in Colombia.

To mark the beginning of trading on the NYSE of the first Colombian ETF Interbolsa CEO Rodrigo Correa rang the opening bell on February 6, 2009. Global X Funds

Global X Funds

Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. As of March 1, 2011, it had over $1.5 billion in managed assets. The ETF provider focuses on global commodities, developed markets and emerging markets...

, Interbolsa's ETF partner opened the NYSE again on August 27, 2010 to commemorate its other ETF launchings.

History

Until 2008 it operated as a loosely integrated conglomerate with a controlling interest in a number of smaller companies, each specializing in a different region (Panama) or product (InterBolsa Futures). In 2009 after it made a move into the Brazilian market when it acquired all of Finabank for US$21 million it officially organized itself into a holding company called Grupo InterBolsa. Around the same time in February it made a big move into the ETF and global broker trading network when it joined Tradeware GlobalX network.

Subsidiaries

Interbolsa Comisionista de Bolsa

Administradora de Inversión - Asset Manager that oversees Colombia's first private capital energy fund; InterBolsa Energético which was established in April 2009.

• Banca de Inversión Investment Banking - Joint partnership between InterBolsa and Inverlink.

Interbolsa Panama

Tribeca Partners - main business segment is Tribeca Fund I a private capital fund focussed on Latin American investments. Interbolsa has a 57% interest in the company.

Finabank - Brazilian securities broker 90% owned by InterBolsa. Has repo operations.

Fundación InterBolsa - organizes corporate responsibility programs for the group of companies.