Algoritmos de inversión: una oportunidad para mejorar la inversión en Colombia

With the implementation of the new platform INET+MASTERTRADER at Bolsa de Valores de Colombia, investors are allowed to use algorithms to increase their profits. Open the door to question if the platform had an impact on the growth of stock market in Colombia. To look up into this matter, we used CO...

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Autores:
Henao Escobar, Alejandro
Tipo de recurso:
Trabajo de grado de pregrado
Fecha de publicación:
2021
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/51665
Acceso en línea:
http://hdl.handle.net/1992/51665
Palabra clave:
Bolsa de Valores de Colombia
Análisis de inversiones
Mercado de valores
Programa de negociación (valores)
Economía
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description
Summary:With the implementation of the new platform INET+MASTERTRADER at Bolsa de Valores de Colombia, investors are allowed to use algorithms to increase their profits. Open the door to question if the platform had an impact on the growth of stock market in Colombia. To look up into this matter, we used COLCAP index as a proxy of the Colombian stock market size. Together with variables that explain market growth as exchange rate, direct foreign investment, real GDP growth, national savings, trade balance, bank loans to private sector, CPI, new housing price index, used housing price index and interbank rate from January 1st of 2008 to 31st of December of 2019; to determine if there is an structural change on stock market growth in 24th of September of 2018, the day of implementation of the new trading platform.