Jamaica Stock Exchange

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Jamaica Stock Exchange
JAMAICA STOCK EXCHANGE LOGO.jpg
TypeStock exchange
LocationKingston, Jamaica
Coordinates17°57′54″N 76°47′14″W / 17.964898°N 76.787298°W / 17.964898; -76.787298
Founded1968
Key peopleMarlene Street Forrest (MD)
Ian McNaughton (Chairman)
CurrencyJMD
IndicesJSE
Websitewww.jamstockex.com

The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica. The current chairman is Ian McNaughton and the Deputy Chairman is Gary Peart. The Managing Director is Marlene Street Forrest.

History[edit]

The four founding members were Willard Samms of Annett & Company Limited, Raglan S. Golding of Capital Market Services (Ja) Ltd, Edward E Gayle of Edward Gayle & Company Ltd, and Anthony Lloyd of Pitfield Mckay Ross & Co Ltd.

The market was initially known as the "Kingston Stock Exchange". It started trading operations on Monday, February 3rd, 1969. It was restricted to brokers who traded both as agents and as principals.

In 1989, the JSE opened a subsidiary, the Jamaica Central Securities Depository (JCSD) to facilitate electronic transfer and settlement of securities. Services later expanded to include registrar, transfer and paying agency.

In 2008, JCSD founded a subsidiary, JCSD Trustee Services Limited, to provide trustee services.

On June 3rd, 2008, JSE demutualized and listed on its own Exchange.

On October 14th, 2014, JSE became the 16th announced member of the United Nations Sustainable Stock Exchanges initiative.[1]

On May 7th, 2015, JSE launched its new online trading platform.[2]

See also[edit]

References[edit]

  1. ^ CFI. "Mukhisa Kituyi, UNCTAD: Sustainable Stock Exchanges and the 21st Century Challenge for Global Finance". CFI. Retrieved 23 October 2014.
  2. ^ "JSE launches online trading platform - Business". Jamaica Observer.

External links[edit]