Ecopetrol Announces Agreement for Launching the Market Maker program for its Shares on the Colombian Stock Exchange
Ecopetrol (NYSE: EC) has announced the implementation of a market maker program for its shares on the Colombian Stock Exchange, signing 12-month agreements with Valores Bancolombia S.A. and Andes Investment Group Inc. as liquidity providers.
The program aims to enhance trading conditions, price formation, depth, and liquidity of Ecopetrol's shares in Colombia, strengthening the Colombian capital markets and creating shareholder value. The initiative will begin after completing necessary procedures with the Colombian Stock Exchange.
Ecopetrol, Colombia's largest company, maintains a dominant position with over 60% of hydrocarbon production and leading positions in petrochemicals and gas distribution. The company owns 51.4% of ISA's shares and operates internationally in strategic basins across the Americas, including the Permian basin and Gulf of Mexico.
Ecopetrol (NYSE: EC) ha annunciato l'implementazione di un programma di market maker per le sue azioni sulla Borsa Colombiana, firmando accordi di 12 mesi con Valores Bancolombia S.A. e Andes Investment Group Inc. come fornitori di liquidità.
Il programma mira a migliorare le condizioni di trading, la formazione dei prezzi, la profondità e la liquidità delle azioni di Ecopetrol in Colombia, rafforzando i mercati di capitali colombiani e creando valore per gli azionisti. L'iniziativa inizierà dopo aver completato le procedure necessarie con la Borsa Colombiana.
Ecopetrol, la più grande azienda della Colombia, mantiene una posizione dominante con oltre il 60% della produzione di idrocarburi e posizioni di leadership nella petrochimica e nella distribuzione del gas. L'azienda possiede il 51,4% delle azioni di ISA e opera a livello internazionale in bacini strategici nelle Americhe, compreso il bacino permiano e il Golfo del Messico.
Ecopetrol (NYSE: EC) ha anunciado la implementación de un programa de creador de mercado para sus acciones en la Bolsa de Valores de Colombia, firmando acuerdos de 12 meses con Valores Bancolombia S.A. y Andes Investment Group Inc. como proveedores de liquidez.
El programa tiene como objetivo mejorar las condiciones de negociación, la formación de precios, la profundidad y la liquidez de las acciones de Ecopetrol en Colombia, fortaleciendo los mercados de capitales colombianos y creando valor para los accionistas. La iniciativa comenzará después de completar los procedimientos necesarios con la Bolsa de Valores de Colombia.
Ecopetrol, la empresa más grande de Colombia, mantiene una posición dominante con más del 60% de la producción de hidrocarburos y posiciones de liderazgo en petroquímicos y distribución de gas. La empresa posee el 51,4% de las acciones de ISA y opera a nivel internacional en cuencas estratégicas a lo largo de las Américas, incluyendo la cuenca Pérmica y el Golfo de México.
에코페트롤 (NYSE: EC)은 콜롬비아 증권 거래소에서 자사 주식에 대한 시장 조성자 프로그램을 시행한다고 발표하며, Valores Bancolombia S.A.와 Andes Investment Group Inc.와 12개월 계약을 체결했습니다.
이 프로그램은 콜롬비아에서 에코페트롤 주식의 거래 조건, 가격 형성, 깊이 및 유동성을 향상시키고, 콜롬비아 자본 시장을 강화하며 주주 가치를 창출하는 것을 목표로 합니다. 이 이니셔티브는 콜롬비아 증권 거래소와 필요한 절차를 완료한 후 시작됩니다.
콜롬비아 최대 기업인 에코페트롤은 60% 이상의 탄화수소 생산을 차지하며, 석유화학 및 가스 배급 부문에서도 선도적인 위치를 유지하고 있습니다. 이 회사는 ISA의 주식 51.4%를 보유하고 있으며, 미주 전역의 전략적 유역에서 국제적으로 운영되고 있습니다. 여기에는 퍼미안 분지와 멕시코만이 포함됩니다.
Ecopetrol (NYSE: EC) a annoncé la mise en place d'un programme de teneur de marché pour ses actions à la Bourse colombienne, signant des accords de 12 mois avec Valores Bancolombia S.A. et Andes Investment Group Inc. en tant que fournisseurs de liquidité.
Le programme vise à améliorer les conditions de négociation, la formation des prix, la profondeur et la liquidité des actions d'Ecopetrol en Colombie, renforçant ainsi les marchés de capitaux colombiens et créant de la valeur pour les actionnaires. L'initiative débutera après l'achèvement des procédures nécessaires avec la Bourse colombienne.
Ecopetrol, la plus grande entreprise de Colombie, maintient une position dominante avec plus de 60 % de la production d'hydrocarbures et des positions de leader dans la pétrochimie et la distribution de gaz. L'entreprise détient 51,4 % des actions d'ISA et opère à l'international dans des bassins stratégiques à travers les Amériques, y compris le bassin permien et le golfe du Mexique.
Ecopetrol (NYSE: EC) hat die Implementierung eines Market-Maker-Programms für seine Aktien an der kolumbianischen Börse angekündigt und 12-monatige Vereinbarungen mit Valores Bancolombia S.A. und Andes Investment Group Inc. als Liquiditätsanbieter unterzeichnet.
Das Programm zielt darauf ab, die Handelsbedingungen, die Preisbildung, die Tiefe und die Liquidität der Ecopetrol-Aktien in Kolumbien zu verbessern, die kolumbianischen Kapitalmärkte zu stärken und den Aktionärswert zu steigern. Die Initiative wird nach Abschluss der erforderlichen Verfahren mit der kolumbianischen Börse beginnen.
Ecopetrol, das größte Unternehmen Kolumbiens, hat eine dominierende Stellung mit über 60% der Kohlenwasserstoffproduktion und führenden Positionen in der Petrochemie und Gasverteilung. Das Unternehmen hält 51,4% der Anteile an ISA und ist international in strategischen Becken in den Amerikas tätig, einschließlich des Permian-Beckens und des Golfs von Mexiko.
- Implementation of market maker program to improve share liquidity
- Controls 60%+ of Colombia's hydrocarbon production
- Strategic international presence in US, Brazil, and Mexico
- Diversified operations across energy transmission and road concessions
- None.
Insights
Ecopetrol's implementation of a market maker program on the Colombian Stock Exchange represents a targeted financial market structure initiative with potential benefits for both the company and its shareholders. By contracting with Valores Bancolombia and Andes Investment Group as liquidity providers for a 12-month period, Ecopetrol aims to address specific trading mechanics in its home market.
Market maker programs typically work to narrow bid-ask spreads, increase trading volumes, and reduce price volatility during normal market operations. The focus on the Colombian exchange specifically (rather than NYSE where EC also trades) suggests management has identified local market inefficiencies that could be inhibiting optimal price discovery and trading efficiency.
For shareholders, enhanced liquidity creates a more efficient market where entry and exit positions can be executed with potentially lower market impact costs. This primarily benefits investors trading on the Colombian exchange rather than those trading the company's NYSE-listed ADRs, which typically have different liquidity dynamics.
The program's structured 12-month timeframe indicates an experimental approach, allowing the company to evaluate effectiveness before making longer-term commitments. Importantly, market makers facilitate trading efficiency rather than supporting share prices - their function is to improve market mechanics, not to influence directional price movements.
This market maker initiative reflects sophisticated capital markets management by Ecopetrol's leadership. As Colombia's largest company with a diverse operational portfolio spanning hydrocarbon production, transportation, refining, and now energy transmission through its 51.4% stake in ISA, Ecopetrol's market capitalization should reflect its full enterprise value.
The market maker program addresses a common challenge for large companies in smaller exchanges: ensuring sufficient liquidity to maintain efficient price discovery. By enhancing local market trading dynamics, Ecopetrol creates a more attractive environment for institutional investors who often screen investment opportunities based on liquidity thresholds.
This demonstrates a holistic approach to shareholder value creation that extends beyond operational excellence into capital markets optimization. The company is explicitly focusing on multiple trading parameters - price formation, depth, and liquidity - which collectively determine how efficiently a stock trades.
What's particularly noteworthy is the company's stated commitment to "strengthening the Colombian capital markets" alongside generating shareholder value. This acknowledges Ecopetrol's position as a market leader with responsibilities extending beyond its own stock performance to the broader financial ecosystem. For a company that represents a significant portion of Colombia's market capitalization, improving its own trading mechanics can have positive spillover effects for the entire exchange.
With this program, Ecopetrol aims to contribute to the improvement of trading conditions, price formation, depth and liquidity of its shares in
Ecopetrol is the largest company in
This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the
For more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications (
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.
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