Top brokerage houses.

• Position: Latin America - Ilustraci

Top Brokerage Houses ARGENTINA RANK COMPANY MARKET SHARE % % '05 '04 2005 2005 1 1 Santander 12.2 11.0 2 3 Raymond James Argentina 8.3 5.8 3 2 Allaria Ledesma y Cia. 6.6 6.1 4 4 Stratford Book Services 3.6 3.5 5 6 Rosario Valores 3.3 2.8 6 18 Napoli 2.9 1.5 7 31 Carlos G. Mascardi y Cia. 2.1 0.9 8 15 Frances Valores 2.0 1.7 9 20 Intervalores 1.8 1.2 10 13 Provincia Bursatil 1.7 1.8 11 16 Dionisio Martin Jose Bourie Corneille 1.7 1.7 12 5 Bull Market Brokers 1.7 3.4 BRAZIL RANK COMPANY ASSETS US$ millions % change '05 '04 2005 '05/04 1 1 Votorantim 459.0 20.1 2 16 Bradesco 376.9 615.0 3 2 Itau 320.9 63.8 4 9 Agora Senior 164.6 113.0 5 7 Credit Suisse 143.6 68.3 6 8 HSBC 128.0 51.3 7 14 Merrill Lynch 120.0 111.2 8 20 Investshop 111.5 159.3 9 5 Banespa 108.6 8.4 10 6 Safra 99.3 9.8 11 11 JP Morgan 96.4 53.9 -12 25 Morgan Stanley 94.2 176.4 RANK COMPANY NET INCOME US$ millions % change '05 '04 2005 '05/04 1 1 Votorantim 15.7 -5.4 2 16 Bradesco 7.6 42.0 3 2 Itau 26.7 40.2 4 9 Agora Senior -1.2 -283.4 5 7 Credit Suisse 20.7 112.1 6 8 HSBC 3.3 27.9 7 14 Merrill Lynch 14.7 57.0 8 20 Investshop 9.6 256.7 9 5 Banespa 18.9 -58.8 10 6 Safra 9.5 128.9 11 11 JP Morgan 8.5 63.5 12 25 Morgan Stanley 6.6 52.5 CHILE RANK COMPANY ASSETS US$ millions % change '05 '04 2005 '05/04 1 1 Banchile 1,152.8 16.9 2 2 Valores Security 779.1 22.9 3 3 BCI 559.4 -9.4 4 5 Santander Investment 368.8 19.2 5 9 Citigroup 339.0 38.1 6 7 Bancoestado 321.8 20.3 7 8 Bice 311.5 18.0 8 6 Corp Banca 308.2 2.5 9 18 EuroAmerica 305.5 519.0 10 4 BBVA 270.9 -26.7 11 10 Consorcio 249.0 32.1 12 14 Celfin Ca ital 236.2 205.9 RANK COMPANY NET INCOME US$ millions % change '05 '04 2005 '05/04 1 1 Banchile 18.5 5.6 2 2 Valores Security 4.4 -45.4 3 3 BCI 7.3 -9.8 4 5 Santander Investment 3.9 -8.9 5 9 Citigroup -0.3 -110.4 6 7 Bancoestado 4.4 24.6 7 8 Bice 5.6 -6.6 8 6 Corp Banca 7.2 42.8 9 18 EuroAmerica 3.3 117.7 10 4 BBVA 1.9 -38.0 11 10 Consorcio 7.3 -6.3 12 14 Celfin Ca ital 4.3 14.2 COLOMBIA RANK COMPANY ASSETS US$ millions % change '05 '04 2005 '05/04 1 1 Interbolsa 574.7 51.8 2 2 Inversionistas de Colombia 553.9 112.3 3 3 Cia. Suramericana de Valores 305.8 48.9 4 12 Corredores Asociados 82.2 260.9 5 4 Bolsa y Banca 79.4 31.4 6 10 Alianza Valores 79.1 241.9 7 5 Asesores en Valores 77.3 91.3 8 7 Ultrabursatiles 76.0 144.5 9 6 Serfinco 44.0 19.0 10 15 Correval 39.6 80.5 11 8 Acciones y Valores 31.1 12.4 12 11 Cia. de Profesionales 28.5 23.9 de Bolsa RANK COMPANY NET INCOME US$ millions %...