The Barbados Stock Exchange or BSE is Barbados' main stock exchange. Its headquarters are in the capital-city Bridgetown. The body was established in 1987 by the Parliament of Barbados as the Securities Exchange of Barbados (SEB), and remained known as such until August 2, 2001. The unique four symbol alphanumeric Market Identifier Code (MIC) used to identify the BSE as defined under ISO 10383.[2] of the International Organization for Standardization (ISO)[3] is: XBAB.[4]
The body was established in 1987 by the Parliament of Barbados as a statutory body under CAP. 318A, Section 44 of the Securities Exchange Act (1982). Under this original charter it was constituted as the Securities Exchange of Barbados (SEB), and remained known as such until August 2, 2001, when Parliament repealed and replaced the prior act with an updated charter under The Securities Act 2001–3
Since July 4, 2001 the BSE has operated under a fully electronic trading utilizing the Order routing method. The electronic system succeeds the manual system, which comprised an open auction outcry method of trading.
Although it was given effect by Parliament, the BSE functions as a not-for-profit organisation which is privately owned (by its Members). Authority is vested in a Board of Directors, which is chaired by the General Manager.
The Barbados Stock Exchange is among the four major regional Caribbean stock exchanges. The other three being the Jamaica Stock Exchange, the Eastern Caribbean Securities Exchange, and Trinidad and Tobago Stock Exchange. The BSE is the third largest stock exchange in the Caribbean region. The BSE along with officials from Jamaica and Trinidad and Tobago are working to integrate these stock exchanges into a single unit known as the Caribbean Exchange Network (CXN)[5][6] The Trinidad and Tobago exchange has mooted the establishment of some form of association with the U.S. or Canadian based stock exchanges going forward.[7]
As of 2009, officials at the stock exchange were investigating the possibility of augmenting the local exchange with an International Securities Market (ISM) venture.[8]
As of 2010, BSE was one of twenty-seven correspondent members of the World Federation of Exchanges (WFE).[9]
On 28 January 28, 2020 the Nairobi Securities Exchange Plc. in Kenya and BSE signed a joint Memorandum of Cooperation (MoC) to help promote links between Africa, Latin America, and the Caribbean regions.[10]
The BSE was located at the 5th Floor of the Tom Adams Financial Centre; prior to relocating to 1st Floor, of Carlisle House on Hincks Street in Bridgetown. Most recently, it relocated to Eighth Avenue in the Bridgetown suburb of Belleville, St. Michael.
^Staff writer (28 January 2020). "BSE and Nairobi Securities Exchange PLC. in Kenya sign Memorandum Of Co-operation". www.bse.com.bb. Barbados Stock Exchange (BSE). Retrieved 3 April 2022.
^"UN SSE welcomes The Barbados Stock Exchange" (Press release). The UN Sustainable Stock Exchange initiative. 21 March 2022. Retrieved 4 April 2022.
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This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Barbados Stock Exchange news newspapers books scholar JSTOR October 2018 Learn how and when to remove this message The Barbados Stock Exchange or BSE is Barbados main stock exchange Its headquarters are in the capital city Bridgetown The body was established in 1987 by the Parliament of Barbados as the Securities Exchange of Barbados SEB and remained known as such until August 2 2001 The unique four symbol alphanumeric Market Identifier Code MIC used to identify the BSE as defined under ISO 10383 2 of the International Organization for Standardization ISO 3 is XBAB 4 Barbados Stock ExchangeTypeStock exchangeLocationBridgetown BarbadosCoordinates13 05 51 N 59 37 00 W 13 09750 N 59 61667 W 13 09750 59 61667Founded1987Key peopleMarlon Yarde CEO GM CurrencyBarbados dollarNo of listings21Market capBBD 8 7 billion Nov 2010 1 IndicesLocalCross listedJunior marketWebsitewww bse com bb Contents 1 History 2 Buildings and locations 3 Past G M s 4 Listed companies 5 Formerly listed companies 6 See also 7 References 8 External linksHistory editThe body was established in 1987 by the Parliament of Barbados as a statutory body under CAP 318A Section 44 of the Securities Exchange Act 1982 Under this original charter it was constituted as the Securities Exchange of Barbados SEB and remained known as such until August 2 2001 when Parliament repealed and replaced the prior act with an updated charter under The Securities Act 2001 3Since July 4 2001 the BSE has operated under a fully electronic trading utilizing the Order routing method The electronic system succeeds the manual system which comprised an open auction outcry method of trading Although it was given effect by Parliament the BSE functions as a not for profit organisation which is privately owned by its Members Authority is vested in a Board of Directors which is chaired by the General Manager The Barbados Stock Exchange is among the four major regional Caribbean stock exchanges The other three being the Jamaica Stock Exchange the Eastern Caribbean Securities Exchange and Trinidad and Tobago Stock Exchange The BSE is the third largest stock exchange in the Caribbean region The BSE along with officials from Jamaica and Trinidad and Tobago are working to integrate these stock exchanges into a single unit known as the Caribbean Exchange Network CXN 5 6 The Trinidad and Tobago exchange has mooted the establishment of some form of association with the U S or Canadian based stock exchanges going forward 7 As of 2009 officials at the stock exchange were investigating the possibility of augmenting the local exchange with an International Securities Market ISM venture 8 As of 2010 BSE was one of twenty seven correspondent members of the World Federation of Exchanges WFE 9 On 28 January 28 2020 the Nairobi Securities Exchange Plc in Kenya and BSE signed a joint Memorandum of Cooperation MoC to help promote links between Africa Latin America and the Caribbean regions 10 On March 23 2014 BSE became the 112th announced member of the United Nations Sustainable Stock Exchanges initiative 11 Buildings and locations editThe BSE was located at the 5th Floor of the Tom Adams Financial Centre prior to relocating to 1st Floor of Carlisle House on Hincks Street in Bridgetown Most recently it relocated to Eighth Avenue in the Bridgetown suburb of Belleville St Michael Past G M s editVirginia Mapp Tessa PickeringListed companies editMain article List of companies listed on the Barbados Stock Exchange Almond Resorts Inc ARI site ANSA McAL Barbados Ltd MCAL site Banks Holdings Ltd BHL site Archived 2013 06 20 at the Wayback Machine Barbados Dairy Industries Ltd Pine Hill Dairy BDI Barbados Farms Ltd BFL Barbados National Bank Inc BNB site Barbados Shipping amp Trading Co Ltd BST site Bico Ltd BCO Cable amp Wireless Barbados Ltd CWBL site Cave Shepherd amp Co Ltd CSP site FirstCaribbean International Bank FCI Fortress Caribbean Property Fund CPF site Goddard Enterprises Ltd GDE site Insurance Corporation of Barbados Ltd ICBL site Jamaica Money Market Brokers Ltd JMMB site Light amp Power Holdings Ltd LPH site Light amp Power Holdings Ltd 5 5 Pref LPH55 site Neal amp Massy Holdings Ltd NML site One Caribbean Media Ltd OCM site Sagicor Financial Corporation SFC site Sagicor Financial Corporation 6 5 Pref SFC65 site Trinidad Cement Ltd TCL site The West India Biscuit Company Ltd WIB site West Indies Rum Distillery Ltd WIR site Royal Fidelity TIGRS A Fund RFTA site Royal Fidelity TIGRS A1 Fund RFTA1 siteFormerly listed companies editA S Brydens amp Sons Ltd ASB BWIA West Indies Ltd BWIA Courts Barbados Ltd CTS Life of Barbados Ltd LOB Now Sagicor Financial Corporation RBTT Financial Holdings Ltd RBTT GraceKennedy Ltd GKC Sunbeach Communications Inc SBH Other companies List of Barbadian companiesSee also edit nbsp Companies portal nbsp Economy portal Economy Economy of Barbados Barbados Barbadian dollar List of stock exchanges List of stock exchanges in the Americas List of stock exchanges in the Commonwealth of Nations Stock exchanges of small economiesReferences edit bse com bb ISO 10383 International Organization for Standardization ISO codes ISO 15022 Getting a regional stock exchange off the ground permanent dead link CXN to come on stream in the near future TTSE eyes US Canada permanent dead link H R 2009 07 28 Treaty network an advantage in securities trading Barbados Advocate Archived from the original on 2006 02 11 Retrieved 2009 07 28 World exchanges org Archived November 2 2010 at the Wayback Machine Staff writer 28 January 2020 BSE and Nairobi Securities Exchange PLC in Kenya sign Memorandum Of Co operation www bse com bb Barbados Stock Exchange BSE Retrieved 3 April 2022 UN SSE welcomes The Barbados Stock Exchange Press release The UN Sustainable Stock Exchange initiative 21 March 2022 Retrieved 4 April 2022 External links edit nbsp Wikimedia Commons has media related to Barbados Stock Exchange Barbados Stock Exchange official website Barbados Securities Commission permanent dead link Barbados Stock Exchange Retrieved from https en wikipedia org w index php title Barbados Stock Exchange amp oldid 1197136826, wikipedia, wiki, book, books, library,
