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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. of the International Organisation 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as the Securities Exchange of Barbados (SEB), and remained known as such until August 2, 2001 when Parliament repealed and replaced the prior act with an updated charter under The Securities Act 2001–3 Since July 4, 2001 the BSE has operated under a fully electronic trading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 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) 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.

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

Listed companies

*Almond Resorts Inc. -- AR
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*ANSA McAL (Barbados) Ltd. -- MCA
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*Banks Holdings Ltd. -- BH
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*Barbados Dairy Industries Ltd. (Pine Hill Dairy) -- BDI *Barbados Farms Ltd. -- BFL *Barbados National Bank Inc. -- BN
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*Barbados Shipping & Trading Co. Ltd. -- BS
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*Bico Ltd.—BCO *Cable & Wireless Barbados Ltd. -- CWB
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*Cave Shepherd & Co. Ltd. -- CS
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*FirstCaribbean International Bank—FCI *Fortress Caribbean Property Fund—CP
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*Goddard Enterprises Ltd. -- GD
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*Insurance Corporation of Barbados Ltd—ICB
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*Jamaica Money Market Brokers Ltd. -- JMM
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*Light & Power Holdings Ltd. -- LP
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*Light & Power Holdings Ltd. 5.5% Pref—LPH5
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*Neal & Massy Holdings Ltd. -- NML
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*One Caribbean Media Ltd. -- OC
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*Sagicor Financial Corporation—SF
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*Sagicor Financial Corporation 6.5% Pref—SFC6
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*Trinidad Cement Ltd—TC
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*The West India Biscuit Company Ltd. -- WI
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*West Indies Rum Distillery Ltd. -- WI
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*Royal Fidelity TIGRS A Fund—RFT
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*Royal Fidelity TIGRS A1 Fund—RFTA
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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, 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

References




External links



Barbados Stock Exchange official websiteBarbados Securities CommissionBarbados Stock Exchange
{{authority control Category:Financial services companies established in 1987 Category:Stock exchanges in the Caribbean Category:Economy of Barbados Category:Companies based in Bridgetown Category:Financial services companies of Barbados Category:1987 establishments in North America