Stock exchanges
Number of listed companies
Domestic market capitalization
million US$

Bolsa de Valores El Salvador

Name Bolsa de Valores El Salvador
Country El Salvador
Number of listed companies 83
Domestic market capitalization 4694 million US$
SSE Partner Exchange Yes
Has annual sustainability report No

ESG reporting required as a listing rule No

Has written guidance on ESG reporting No

Offers ESG related training Yes

Market covered by sustainability-related index No

Has sustainability bond listing segment No

Bolsa de Valores de El Salvador launched in June 2021 a Guidance for the issuance of Green, Social and Sustainable Bonds for the Salvadorian market. This work was supported by Bid Invest. In addition, sustainable bonds structuring is included in the Issuance Guidance.

Has SME listing platform No

Women on boards mandatory minimum rule No

Additional information
Organizational model of stock exchange

Its shares are listed on the stock exchange. The registration of the share issue on the Bolsa de Valores El Salvador was in 1993.

Regulatory bodies

Superintendencia del Sistema Financiero

Banco Central de Reserva

Regulatory model

Self-Regulatory Organisation (SRO)

The Stock Exchange of El Salvador is part of the securities market regulated by the Securities Market Law.
This Law regulates the public offering of securities, transactions, the respective markets and the participants of the Stock Exchange System, in order to promote the efficient development of these markets and to watch over the interests of the investing public.
According to Art. 29, the Stock Exchange is attributed the following regulatory, supervisory, disciplinary and administrative functions:

  • To regulate stock exchange operations through regulations, rules and instructions to which brokerage firms are subject in order to have a “transparent, equitable, competitive, orderly and informed market”.
  • Oversee that the operations carried out within the Exchange are carried out in accordance with the regulations and instructions issued by the Exchange, and those issued by the Superintendency.
  • Apply disciplinary measures to Brokerage Firms, their Agents and other personnel, in accordance with the provisions of the regulations to ensure the proper conduct of Trading Sessions and the Market.
  • Collect and disseminate information on issuers and registered securities.

About the stock exchange

Location: San Salvador. El Salvador. Edificio Bolsa de Valores

It began operations on 27 April 1992.
Main functions of the Stock Exchange:

  • Promotes a capital market, encouraging the participation of a greater number of issuing companies, as well as investors to encourage stock market transactions.
  • It holds daily trading sessions, providing the necessary technological infrastructure and facilitating communication between stockbrokers (representatives of brokerage firms), issuers and investors.
  • It facilitates the efficient channelling of domestic national savings towards the investment needs of issuing entities (public or private) that require additional financial resources.
  • It offers investors the conditions of legality and security in transactions carried out through the Stock Exchange, based on the Securities Market Law and other regulations.
  • It adopts appropriate measures to foster confidence in the system, allowing greater participation of investors (large and small), and broadening the range of investment opportunities.
  • It also constantly monitors compliance with the rules to maintain the integrity and transparency of the market, enforcing its rights under the laws, regulations and other rules.
  • It keeps a record of the actual trading and prices of securities, and makes available to the public all information on what is happening in the stock market.
  • The timely dissemination of information is one of the main commitments of the Salvadoran Stock Exchange, using all available channels to provide adequate and timely information for investment decisions. The Exchange’s website brings together all relevant information on trading and market participants. It also developed the first stock market application in El Salvador: Bolsa Móvil.
  • A relevant aspect is that the El Salvador Stock Exchange was the forerunner in the creation of the first integrated market in the region. Working together with the Panama Stock Exchange, they reached the legal and operational agreements that allowed them in 2017 to materialise the first cross-border trades using the innovative Remote Trader model. This market has proven to be a success and an example in Latin America. In 2023, Nicaragua joined this initiative and is working to finalise the details that will allow it to enter the dynamics of this common market in the short term.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.


Criteria Considered

Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.