Jamaica Stock Exchange on:
[Wikipedia]
[Google]
[Amazon]
The Jamaica Stock Exchange is the principal
There are currently seven market indices that are maintained by the JSE:
* JSE (Main) Index - Measures the performance of all ordinary shares that are listed on the Main Market.
* JSE All Jamaican Composite Index - Measures the performance of all ordinary shares for Jamaican companies that are listed on the Main Market.
* JSE Select Index - Measures the performance of the 15 most liquid ordinary shares listed on the Main Market and the Junior Market.
* JSE Cross Listed Index - Measures the performance of all ordinary shares of foreign companies that are listed on the Main Market.
* JSE Junior Market Index - Measures the performance of all ordinary shares that are listed on the Junior Market.
* JSE Combined Index - Measures the performance of all ordinary shares that are listed on the Main Market and the Junior Market.
* JSE USD Equities Index - Measures the performance of all ordinary shares that are listed on the US Dollar Equities Market.
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for t ...
of Jamaica
Jamaica (; ) is an island country situated in the Caribbean Sea. Spanning in area, it is the third-largest island of the Greater Antilles and the Caribbean (after Cuba and Hispaniola). Jamaica lies about south of Cuba, and west of Hispa ...
, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica
Kingston is the capital and largest city of Jamaica, located on the southeastern coast of the island. It faces a natural harbour protected by the Palisadoes, a long sand spit which connects the town of Port Royal and the Norman Manley Inte ...
. Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization. As of September 30, 2019, there is a total number of 85 companies and 120 securities listed to the JSE, and a market capitalization of just over JM$2 trillion. The Jamaica Stock Exchange is composed of multiple markets: Main Market, Junior Market, USD Market, and Bond Market. The JSE is also recognized as one of the most sector-diverse exchanges in the Caribbean. The key sectors include banking and finance, retail, manufacturing, insurance, leisure, communications, conglomerate, and services and real estate. The current chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group ...
is Ian McNaughton and the deputy chairman is Gary Peart. The managing director is Marlene Street Forrest.
Vision
The JSE's aim is to the facilitate growth and development of companies and the economy in Jamaica by allowing for "the mobilization, exchange and expansion of capital while providing a return on equity that is acceptable to our shareholders."History
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 3, 1969. It was restricted tobrokers
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be con ...
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 3, 2008, JSE demutualized and listed on its own Exchange.
On October 14, 2014, JSE became the 16th announced member of the United Nations Sustainable Stock Exchanges initiative.
On May 7, 2015, JSE launched its new online trading platform.
On January 18, 2019, JSE was named the world's top-performing stock exchange by Bloomberg Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...
.
On December 11, 2019, it became public knowledge that the JSE had partnered with Toronto-based FinTech Blockstation to enable the issuance of digital assets including Security Token Offerings (STOs)/Tokenized IPOs, with Trinidad-based e-commerce platform WiPay planning to be of the first to take advantage in 2020.
In December 2019, JSE advised that they had successfully migrated to Nasdaq's trading (Nasdaq Matching Engine) and surveillance (Nasdaq Market Surveillance) platforms.
Market index data
There are currently seven market indices that are maintained by the JSE:
* JSE (Main) Index - Measures the performance of all ordinary shares that are listed on the Main Market.
* JSE All Jamaican Composite Index - Measures the performance of all ordinary shares for Jamaican companies that are listed on the Main Market.
* JSE Select Index - Measures the performance of the 15 most liquid ordinary shares listed on the Main Market and the Junior Market.
* JSE Cross Listed Index - Measures the performance of all ordinary shares of foreign companies that are listed on the Main Market.
* JSE Junior Market Index - Measures the performance of all ordinary shares that are listed on the Junior Market.
* JSE Combined Index - Measures the performance of all ordinary shares that are listed on the Main Market and the Junior Market.
* JSE USD Equities Index - Measures the performance of all ordinary shares that are listed on the US Dollar Equities Market.
See also
*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 ...
References
External links
* {{Stock exchanges top 25 Financial services companies of Jamaica Economy of Jamaica Stock exchanges in the Caribbean Companies based in Kingston, Jamaica Financial services companies established in 1968 1968 establishments in Jamaica