Bolsa de Valores y Productos de Asuncion S.A. (BVPASA) is the main stock exchange in Paraguay. The exchange was established in 1977 and in 2012 became a member of Ibero-American Federation of Exchanges. It lists all main Paraguayan issuers and trades a wide range of financial instruments: stocks, corporate and government bonds, repurchase agreements, debt securities and PYG/USD currency futures.