JIS News

Regional securities dealers will explore the implementation of a regional stock exchange, when the Jamaica Stock Exchange (JSE) holds its three-day investment conference next week.
Already, the JSE has signed a Memorandum of Understanding with the Trinidad and Tobago and Barbados stock exchanges, with a view to achieving this goal, said JSE General Manager, Marlene Street-Forrest.
The conference is slated for January 17 to 19 at the Half Moon Hotel in St. James under the theme: ‘Creating investment opportunities for the growth and development of the region’s capital markets in a globalized environment’.
The JSE has launched an awareness campaign to enlighten the Montego Bay business sector about the goals and benefits to be derived from the conference.Mrs. Street-Forrest, in her address at a Rotary Club function in Montego Bay on Tuesday (Jan.10), informed that the event would seek to encourage more players in the stock market, including companies, investors and investment advisors; inform on investment trends regionally and globally; and identify opportunities.
“We have put together a team of presenters who we believe can share with us their own experiences, update us on issues relating to the impact of the Caribbean Single Market and Economy (CSME), global changes in securities rules and regulations, and the move towards a regional exchange”, she explained.
Presenters at the conference will include Prime Minister P. J. Patterson; Finance and Planning Minister, Dr. Omar Davies; Director General of the Planning Institute of Jamaica, Dr. Wesley Hughes; Chancellor Emeritus of the University of the West Indies, Sir Shirdath Ramphal and a number of other local and overseas financiers, financial analysts and technocrats employed at all levels in stock exchanges and central securities depositories.
The event is being marketed as a unique forum for all constituents of the financial services sector to exchange views and develop strategies for engineering an environment to foster successful growth of the financial industry.
Mrs. Street-Forrest used the opportunity to outline improvements in the operations of the JSE, explaining that the JSE now operated from an electronic trading platform, which facilitated daily market surveillance.