Laurentian Stock Exchange (Principia Moderni IV Map Game)

The Laurentian Stock Exchange, commonly known as the BVL for its Portuguese abbreviation of Bolsa de Valores de Laurentia, is the largest and oldest stock exchange in Laurentia. Founded in New Granada in 1873, the BVL represents a shift from financing intercontinentally to financing domestically and within the continent of Laurentia.

BVL was originally created by five large New Granadian corporations. Prior to BVL, the ownership of these firms largely resided in the hands of private families, such as the politically-connected do Sousas, and with foreign financiers. With the introduction of BVL, equity issuings have become more cmmon as opposed to taking on as much debt.

Access to the Exchange
While in theory anyone may buy and sell on the BVL, it is typically reserved for the wealthy in practice. This is due to the expensive cost of registering as a broker, or corretor, who is eligible to trade on the Exchange.

Those who do trade on the BVL do so through the corretores, who are licensed to work at the exchange. They will typically receive orders via telegraph. As this process is not instantaneous, many of the richest families simply have a designated broker who is authorized to buy and sell within certain parameters.

Listings
As of the end of 1873, there are 12 firms listed on the Laurentian Stock Exchange.

Of these 12, five are especially notable as they are the largest publicly-traded firms in New Granada. These five comprise the "BVL Core." They are: