Big One SDVM
Licensed by the Comissao do Mercado de Capitais (CMC) as a Sociedade Distribuidora de Valores Mobiliarios, Big One SDVM is an authorised securities distributor providing investors with execution access to BODIVA, Angola’s sole securities exchange.
Key Facts
- Full Name: Big One – Sociedade Distribuidora de Valores Mobiliarios SA
- Licence Type: SDVM (Securities Distributor)
- Regulator: CMC (Comissao do Mercado de Capitais)
- Exchange Access: BODIVA
- Custody: Via CEVAMA accounts
- Headquarters: Luanda, Angola
- Sector: Financial Services – Capital Markets Intermediation
Role and Services
Under Angola’s Securities Code (Lei dos Valores Mobiliarios), the SDVM classification authorises firms to receive and transmit client orders for execution on BODIVA, manage CEVAMA custody accounts, and distribute securities in primary-market offerings. Unlike the SCVM (brokerage) licence, an SDVM cannot trade on a proprietary basis or provide certain advisory services, but the distributor model remains the most common intermediary type on BODIVA given the exchange’s still-early stage of development.
Big One SDVM processes orders through BODIVA’s electronic trading platform (SETIC) and settles them via CEVAMA (Central de Valores Mobiliarios de Angola) on the standard settlement cycle: T+2 for equities and T+0 to T+1 for government bonds. The firm opens CEVAMA custody accounts (contas de custodia) for new clients, which is a mandatory step before any securities transaction can be executed.
The Angolan brokerage landscape remains concentrated among a handful of licensed intermediaries, making each firm a meaningful point of access for the growing investor base. CEVAMA reported approximately 58,389 custody accounts by late 2024, driven by a succession of IPOs: BAI (2022), ENSA (2024), BCGA (2024), BODIVA self-listing (2024), and BFA (September 2025). With the ProPriv privatisation programme (Programa de Privatizacoes) targeting further BODIVA listings – including Unitel with a confirmed 15% stake and potential Sonangol subsidiaries – demand for distributor services is expected to accelerate. For retail investors in particular, SDVMs like Big One serve as the primary channel for participating in what is still sub-Saharan Africa’s newest equity market.