Mar 2007 Financial News

Linked exchanges await regulatory approval

Mar 12, 2007

REGULATORY APPROVAL is all that stands in the way of an integrated trading system among the Barbados, Jamaica and Trinidad and Tobago stock exchanges.

That was the word from Marlon Yarde, general manager of the Barbados Stock Exchange, as he updated investors on developments during the Signia Financial Investor Forum at Sherbourne Conference Centre last Wednesday.

Yarde said the three exchanges were at their closest to realising an integrated capital market in the region.

However, Yarde reported, the April 1 proposed start-up date for the Caribbean Exchange Network (CXN) had been described by regulators as "very ambitious".

"We at the exchanges are ready . . . . We are pushing to get this done. Once we get the regulatory approval we are off and running," he noted.

Yarde said regulators who will meet at a conference this week would soon be in a position to say how soon CXN could get their stamp of approval. (GE)

The Nation News
Monday, March 12, 2007.
http://www.nationnews.com/story/343464201426665.php