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. The current chairman is Ian McNaughton and the Deputy Chairman is Gary Peart. The Managing Director is Marlene Street Forrest.

Jamaica Stock Exchange
JSE
TypeStock exchange
LocationKingston, Jamaica
Coordinates17.964898°N 76.787298°W / 17.964898; -76.787298
Founded1968
Key peopleMarlene Street Forrest (MD)
Ian McNaughton (Chairman)
CurrencyJMD
No. of listings80 [1]
Websitewww.jamstockex.com

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 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 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.[2]

On May 7, 2015, JSE launched its new online trading platform.[3]

On January 18, 2019, JSE was named the world's top-performing stock exchange by Bloomberg Businessweek.[4]

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.[5]

In December 2019, JSE advised that they had successfully migrated to Nasdaq's trading (Nasdaq Matching Engine) and surveillance (Nasdaq Market Surveillance) platforms.[6] [7].

See also

References
  1. "JSE To Migrate To Nasdaq Platform". Jamaica Gleaner.
  2. CFI. "Mukhisa Kituyi, UNCTAD: Sustainable Stock Exchanges and the 21st Century Challenge for Global Finance". CFI. Retrieved 23 October 2014.
  3. "JSE launches online trading platform - Business". Jamaica Observer.
  4. Regan, Michael P. (18 January 2019). "Welcome to Jamaica, Home of the World's Best-Performing Stock Market". Bloomberg Businessweek. Retrieved 18 January 2019.
  5. "Jamaica Observer Limited". Jamaica Observer. Retrieved 3 January 2020.
  6. "Jamaica Stock Exchange Limited (JSE) Goes Live on Nasdaq Platform".
  7. "Jamaica Stock Exchange Leverages Nasdaq Technology to Amplify its Offerings".
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