The Cayman Islands Stock Exchange (CSX) is a stock exchange based in

Grand Cayman Grand Cayman is the largest of the three Cayman Islands and the location of the territory's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles (121 km) southwest of Little Cayman and 90 miles (1 ...

, Cayman Islands. It started operations in July 1997 and is fully owned by the Cayman Islands government. The CSX was recognised by the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

as an approved organisation in July 1999.The Washington Times – Cayman Islands
Over 1,000 stocks,

eurobonds Eurobond may refer to: * Eurobond (external bond) A eurobond is an international bond that is denominated in a currency not native to the country where it is issued. They are also called external bonds. They are usually categorised according t ...

, warrants and global depositary receipts are listed on the CSX. The Chairman of CSX is Anthony Travers, a former Senior Partner at the law firm

Maples and Calder Maples Group (previously Maples and Calder) is a multi-jurisdictional firm providing legal and financial services, headquartered in the Cayman Islands. It has offices in many financial centres around the world, including several tax neutral ju ...

. The stock exchange is located at Elizabethan Square in downtown George Town. The exchange uses a fully

electronic trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

that was developed under a partnership with

Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 1 ...

The CSX was originally set up to provide a listing facility for the specialist products of the Cayman Islands – mutual funds and specialist debt securities. The CSX's capabilities now extend to sophisticated vehicles and structures including the listing of derivative warrants, depositary receipts, Eurobonds, preferred shares and international equity. The CSX currently has more than 1,400 listings and a market capitalisation of more than $123 billion. Other key facts and recognitions for the CSX include: * In 2006, surpassing more than 1,000 listings before the 10-year mark, posting on average, double-digit listings growth each year since its inception * In 2005, reaching break-even status a full two years before planned, allowing the CSX to become a positive contributor to Government's finances * In 2004, being granted 'recognised stock exchange' status by Inland Revenue in March 2004, greatly enhancing the CSX's commercial appeal to UK investors * In 2003, being admitted as an affiliate member of the

International Organization of Securities Commissions The International Organization of Securities Commissions (IOSCO) is an association of organizations that regulate the world's securities and futures markets. Members are typically primary securities and/or futures regulators in a national jurisdic ...

(IOSCO) * In 2001, being the first (and still only) offshore exchange to become a member of the Intermarket Surveillance Group, a self-governing association of exchanges and exchange regulators from around the world committed to information sharing and the enhancement of

market surveillance Market surveillance for products ensures that products on the market conform to applicable laws and regulations. This helps to foster trust among consumers buying products or financial services and protects consumers and professionals from harm f ...

procedures * In 1999, becoming the first offshore stock exchange to be registered with the

References

External links

CSX web site
Stock exchanges in the Caribbean Business organisations based in the Cayman Islands Organizations established in 1996 1996 establishments in the Cayman Islands {{stockexchange-stub

See also

References

External links