The Barbados Stock Exchange or BSE is
Barbados
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estima ...
' main stock exchange. Its headquarters are in the capital-city
Bridgetown
Bridgetown ( UN/LOCODE: BB BGI) is the capital and largest city of Barbados. Formerly The Town of Saint Michael, the Greater Bridgetown area is located within the parish of Saint Michael. Bridgetown is sometimes locally referred to as "The ...
. 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. of the International Organization for Standardization (ISO) is: XBAB.
History
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as the Securities Exchange of Barbados (SEB), and remained known as such until August 2, 2001 when Parliament repealed and replaced the prior act with an updated charter under The Securities Act 2001–3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
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
organisation which is privately owned (by its Members). Authority is vested in a
Board of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...
, 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 Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica. Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capi ...
, the
Eastern Caribbean Securities Exchange
The Eastern Caribbean Securities Exchange (ECSE) is the first regional securities market in the Western Hemisphere and a regional Stock exchange, established by the Eastern Caribbean Central Bank (ECCB) to serve the eight member territories of Ang ...
, and
Trinidad and Tobago Stock Exchange
The Trinidad and Tobago Stock Exchange (TTSE) is the main stock exchange in the Republic of Trinidad and Tobago, and the largest stock exchange in the Caribbean region by market capitalization. As a member-state of CARICOM several companies from ...
. 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) 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.
As of 2009, officials at the stock exchange were investigating the possibility of augmenting the local exchange with an International Securities Market (ISM) venture.
As of 2010, BSE was one of twenty-seven correspondent members of the World Federation of Exchanges (WFE).
In February 2019, BSE announced a Memorandum of Understanding with Blockstation, a Toronto-based FinTech, to use Blockstation's platform to enable the listing and trading of
security token offerings (STOs), also referred to as tokenized
IPOs, within its ecosystem.
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.
On March 23, 2014, BSE became the 112th announced member of the
United Nations Sustainable Stock Exchanges initiative.
Buildings and locations
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.
Past G.M.s
*
Virginia Mapp
*
Tessa Pickering
Tessa is a feminine given name, sometimes a shortened form of Theresa. It may refer to: People
* Tessa Albertson (born 1996), American actress
* Tessa Balfour, Countess of Balfour (born 1950), British aristocrat
* Tessa Blanchard (born 1994), Ame ...
Listed companies
*Almond Resorts Inc. -- AR
site*ANSA McAL (Barbados) Ltd. -- MCA
site*Banks Holdings Ltd. -- BH
site*Barbados Dairy Industries Ltd. (Pine Hill Dairy) -- BDI
*Barbados Farms Ltd. -- BFL
*Barbados National Bank Inc. -- BN
site*Barbados Shipping & Trading Co. Ltd. -- BS
site*
Bico Ltd.—BCO
*Cable & Wireless Barbados Ltd. -- CWB
site*Cave Shepherd & Co. Ltd. -- CS
site*
FirstCaribbean International Bank—FCI
*Fortress Caribbean Property Fund—CP
site*Goddard Enterprises Ltd. -- GD
site*Insurance Corporation of Barbados Ltd—ICB
site*Jamaica Money Market Brokers Ltd. -- JMM
site*Light & Power Holdings Ltd. -- LP
site*Light & Power Holdings Ltd. 5.5% Pref—LPH5
site*Neal & Massy Holdings Ltd. -- NML
site*One Caribbean Media Ltd. -- OC
site*
Sagicor Financial Corporation—SF
site*
Sagicor Financial Corporation 6.5% Pref—SFC6
site*Trinidad Cement Ltd—TC
site*
The West India Biscuit Company Ltd. -- WI
site*West Indies Rum Distillery Ltd. -- WI
site*Royal Fidelity TIGRS A Fund—RFT
site*Royal Fidelity TIGRS A1 Fund—RFTA
site
Formerly listed companies
*A.S. Brydens & 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 companies''
See also
*
Economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with th ...
,
Economy of Barbados
Since the island country's independence in 1966, the economy of Barbados has been transformed from a low-income economy dependent upon sugar production into a high-income economy based on tourism and the offshore sector. Barbados went into a dee ...
,
Barbados
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estima ...
,
Barbadian dollar
The dollar has been the currency of Barbados since 1935. Globally its currency has the ISO 4217 code ''BBD'', however, unofficially in Barbados the International vehicle registration code code BDS is also commonly used, a currency code that is o ...
*
List of stock exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges.
There are sixteen stock exchanges in the wor ...
*
List of stock exchanges in the Americas
This is a list of active stock exchanges in the Americas. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term ''Bolsa de Valores'', meaning "bag" or "purse" of "values". (compare Börse in German or bourse in ...
*
List of stock exchanges in the Commonwealth of Nations
This is a list of active stock exchanges in the Commonwealth of Nations (Full Members). The Commonwealth of Nations features member-states located on all major continents and represents almost one-third of the Earth's population. Some states ha ...
*
Stock exchanges of small economies
References
External links
Barbados Stock Exchange official websiteBarbados Securities CommissionBarbados Stock Exchange
{{authority control
Financial services companies established in 1987
Stock exchanges in the Caribbean
Economy of Barbados
Companies based in Bridgetown
Financial services companies of Barbados
1987 establishments in North America