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BISX CEO Attends International Organization of Securities Commissions Conference

FOR IMMEDIATE PUBLICATION – 9 JUNE 2017

BISX CEO ATTENDS INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS CONFERENCE

IMG-20170527-WA0010

(From L to R: BISX CEO Keith Davies, Securities Commission Executive Director Christina Rolle, IOSCO Secretary General Paul Andrews)

BISX Chief Executive Officer Mr. Keith Davies took part in the International Organization of Securities Commissions (IOSCO) conference held May 15 – 18. IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation.  It is made up of over 100 security regulators and self-regulating organizations (SROs). The theme for IOSCO’s Annual Conference was “Building Securities Market Resilience in the Post-Crisis World” and it was held in Montego Bay, Jamaica. This year’s conference brought together more than 400 securities regulators, industry representatives and other financial market participants from around the world.

IMG-20170527-WA0011

(Conference Attendees viewing Panel Discussion)

Ashley Alder, Chair of the IOSCO Board, noted the IOSCO Conference was designed to “address the key challenges facing securities markets including the risks around cyber security, changing market structure, and financial technology while also preparing markets to play a bigger role in financing the global economy.”

IMG-20170527-WA0006

(From L to R: BISX CEO Keith Davies, IOSCO Vice-Chairman Mr. Ranjit Ajit Singh) 

Mr. Davies reflected on the event by saying, “One of the themes of BISX is Confidence, and confidence has its roots in open and transparent regulation.  It was a wonderful opportunity to attend the IOSCO Annual Conference and speak with my regulatory colleagues about our common role of market regulation.  The regulatory and information sessions allowed me an opportunity to dialogue with international regulators on issues as diverse as crowdfunding, timely
disclosure and trading principles.  Events such as this benefit all attendees, as they have an opportunity to learn from fellow professionals both through the information sessions and through the conversations outside of the formal sessions.”

Noting that this was the first time that this conference was held in the English-speaking Caribbean,
Mr. Davies went on “I would like to thank the Financial Services Commission of Jamaica for
hosting all attendees, I also want to thank the Securities Commission of The Bahamas for
sponsoring an event during the conference.  I intend to continue to follow up with my colleagues
on many issues discussed at the conference to continue to foster confidence in the Bahamian
capital markets through regulation.”

 

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BISX 2017 Q1 Statistical Report

FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2017 STATISTICAL REPORT

BISX All Share Comparison 2017

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three-month period ending March 31, 2017 with comparison to the same period of 2016.

BISX ALL SHARE INDEX

For the three-month period ending March 31, 2017 the BISX All-Share Index closed at 1,902.75. This represents a year to date decrease of -33.46 or -1.83%. By comparison for the three-month period ending March 31, 2016 the BISX All-Share Index closed at 1,873.96. That increase was a year to date increase of 50.01 or 2.74%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 31, 2017 the market was comprised of 20 ordinary shares with a market capitalization of $4.041 Billion. In addition, there were 13 preference shares with a market capitalization of $327 million and 19 bonds with a face value of $579 Million.

 

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the three-month period January 1 to March 31, 2017, some international equity markets have experienced increases as indicated by the chart below:

Closing Date MSCI Emerging Market Index[1] S&P 500 Index[2] FTSE 100 Index[3]   BISX All Share Index
Jan 3, 2017 868.44 2,257.83 7,177.89 1,938.21
Mar 31, 2017 958.37 2,362.72 7,322.92 1902.75
 
Percentage Change (+/-) 10.36% 4.65% 2.02% -1.83%

 

TRADING VOLUMES AND VALUES

Trading volume for the three-month period January 1, 2017 to March 31, 2017 was 996,137 shares for a value of $6,314,569. By comparison, trading volume for the three-month period January 1, 2016 to March 31, 2016 was 899,125 shares for a value of $7,337,430.

6 month trade volume

6 month trade value

AVERAGE DAILY VOLUME AND VALUE

For the three-month period from January 1, 2017 to March 31, 2017, the average volume per trading day was 16,097 shares for a value of $ 303,499. By comparison, for the three-month period from January 1, 2016 to March 31, 2016, the average volume per trading day was 14,457 shares for a value of $118,280.

Month Avg. volume / trading day (2017) Avg. volume / trading day (2016) Avg. value / trading day (2017) Avg. value / trading day (2016)
January

12,721

 11,672 $86,070

$114,183
February 25,474 21,979 $135,900 $162,333
March 10,097 9,720 $81,530 $78,322
Average for period 16,097 14,457 $303,499 $118,280

 

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three-month period January 1, 2017 to March 31, 2017 with their contribution to total traded volume displayed as a percentage were:

SYMBOL TRADE VOLUME % OF VOLUME
AML 519,639 53%
CAB 153,581 16%
FCL 91,336 9%
CBL 75,255 8%
FIN 26,035 3%

 

The top five share value leaders for the three-month period January 1, 2017 to March 31, 2017 with their contribution to total traded value displayed as a percentage were:

SYMBOL TRADE VALUE % OF TRADE VALUE
AML          $2,276,019 36%
FCL          $838,205 13%
CBL          $789,200 12%
CAB          $672,946 11%
BG0407          $500,000 8%

 

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BISX Passes Fund Listing Milestone

FOR IMMEDIATE PUBLICATION – 3rd April 2017

BISX PASSES FUND LISTING MILESTONE WITH LISTING OVER 50 FUNDS

The Bahamas International Securities Exchange (BISX) is pleased to announce the listing of the following funds:

1. Panorama Fund LDC, (Panorama),

2. Matrix Fund Investment Ltd. SAC – Class AG (“Matrix Class AG”), and

3. Matrix Fund Investment Ltd. SAC – Class MK (“Matrix Class MK”).

These funds have all successfully completed the BISX Listing Process. As a result, these securities have now been added to the roster of funds listed on the Exchange. Panorama, Matrix Class AG and Matrix Class MK are all open ended investment funds.

Matrix Class AG and Matrix Class MK are sub-funds of Matrix Fund Investments Ltd. SAC, an International Business Company registered as a Segregated Accounts Company under the Segregated Accounts Companies Act, 2004.  Panorama Fund LDC is registered as a Limited Duration Company under the International Business Companies Act, 2000.

BISX Chief Executive Officer, Keith Davies commented on the listing of the Mutual Funds, “We continue to be pleased with the faith that our service provider partners place in BISX for listing their mutual funds, especially Credit Suisse, the Sponsor Member that brought these 3 funds to BISX.  We are also thrilled that with these listings we have crossed the 50 fund threshold and now have 51 funds listed on the Exchange.  We now look with optimism to crossing the 100 plus fund threshold.”

Credit Suisse AG, Nassau Branch – Wealth Management served as the BISX Sponsor Member that brought these Funds to the Exchange.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Matrix Class AG, Matrix Class MK and Panorama these notices advise the public of the securities to be listed on the Exchange and the trading symbol of the listed securities.

 

by Jacquella Gardiner Jacquella Gardiner No Comments

BISX 2016 Q4 Statistical Report

FOR IMMEDIATE PUBLICATION

 

JANUARY TO DECEMBER 2016 STATISTICAL REPORT

BISX All-Share Index Comparison Q4

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2016 with comparison to the same period of 2015.

 

BISX ALL SHARE INDEX

For the twelve month period ending December 30, 2016 the BISX All-Share Index closed at 1,938.21. This represents a year to date increase of 114.26 or 6.26%. By comparison for the twelve month period ending December 31, 2015 the BISX All-Share Index closed at 1,823.95. That increase was a year to date increase of 164.65 or 9.92%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2016 the market was comprised of 20 ordinary shares with a market capitalization of $4.11 Billion. In addition, there were 13 preference shares with a market capitalization of $327 Million and 19 bonds with a face value of $579 Million.

 

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 31, 2016, some international equity markets have experienced decreases / increases as indicated by the chart below:

Closing Date

MSCI Emerging Market Index

 S&P 500 Index FTSE 100 Index

BISX All Share Index
Dec 31, 2015

794.139

 2,043.94 6,242.30

1,823.95
Dec 30, 2016

862.275

 2,238.83 7,142.83

1,938.21
   
Percentage Change (+/-)

8.58%

 9.54% 14.42%

6.26%

 

 

TRADING VOLUMES AND VALUES

Trading volume for the twelve month period January 1, 2016 to December 31, 2016 was 5,552,593 shares for a value of $40,070,454.82. Trading volume for the twelve month period January 1, 2015 to December 31, 2015 was 3,223,433 shares for a value of $21,893,252.61.

Trading volume for the three month period October 1 to December 31, 2016 was 1,738,991 shares for a value of $14,748,550.66. By comparison, for the three month period from October 1 to December 31, 2015 was 1,240,979 shares for a value of $9,424,351.47.

12 month trade value 2016

12 month trade volume 2016

 

AVERAGE DAILY VOLUME AND VALUE

For the twelve month period ending December 31, 2016 the average daily trading volume was 22,240 shares which resulted in an average daily trading value of $160,910.10. By comparison for the twelve month period December 31, 2015 the average daily trading volume was 13,706 shares for an average value of $72,563.09.

During the three month period from October 1, 2016 to December 31, 2016, the average volume per trading day was 28,460 shares for a value of $240,120.99. By comparison, for the three month period from October 1, 2015 to December 31, 2015, the average volume per trading day was 23,123 shares for an average value of $90,523.05.

 

Month

 Avg. volume / trading day (2016) Avg. volume / trading day (2015)  

Avg. value / trading day (2016)

 

Avg. value / trading day (2015)

January

 11,672 6,176 $114,183.37 $37,290.51

February

 21,979 11,754 $162,333.08 $97,775.11

March

 9,720 10,927 $78,322.27

$66,202.86
April 2,381 5,256 $17,441.96

$42,475.78
May 9,224 6,335 $72,052.88

$41,384.60

June

 86,565 16,998 $296,856.53 $82,739.65

July

 13,142 5,768 $227,501.47 $41,974.25

August

 15,938 16,910 $168,210.15

$96,321.06
September 10,883 14,982 $73,665.50

$93,024.13
October 23,371 18,274 $250,345.00

$91,542.76

November

 15,691 25,180 $170,646.00 $82,812.43

December

 46,319 25,916 $299,372.00

$97,213.97
Average for period 22,240 13,706 $160,910.10

$72,563.09

 

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period January 1, 2016 to December 31, 2016 with their contribution to total traded volume displayed as a percentage were:

SYMBOL

 TRADE VOLUME % OF VOLUME

DHS

 1,658,963

29.86%

CAB

 846,222

15.23%

CBL

 536,649

9.66%

FCL

 485,074

8.73%
AML 336,195

6.05%

 

The top five share value leaders for the twelve month period January 1, 2016 to December 31, 2016 with their contribution to total traded value displayed as a percentage were:

SYMBOL

 TRADE VALUE

% OF TRADE VALUE

CBL

 $5,067,825.32

12.32%

CAB

 $5,020,272.20

12.20%

FCL

 $3,451,371.15

8.39%

FIN

 $3,030,193.40

7.37%

CAB9

 $2,407,000.00

5.85%

 

 

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period October 1, 2016 to December 31, 2016 with their contribution to total traded volume displayed as a percentage were:

SYMBOL

 TRADE VOLUME

% OF VOLUME

CAB

 578,596

33.27%

CBL

 166,129

9.55%

AML

 152,400

8.76%

DHS

 101,450

5.83%

ICD

 86,090

4.95%

 

The top five share value leaders for the three month period October 1, 2016 to December 31, 2016 with their contribution to total traded value displayed as a percentage were:

SYMBOL

 TRADE VALUE

% OF TRADE VALUE

CAB

$3,240,897.18

21.97%

CBL

$1,732,536.51

11.75%

CAB6

$1,435,900.00

9.74%

CAB9

$1,428,000.00

9.68%

FIN

$694,201.50

4.71%

 

 

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

 

by Jacquella Gardiner Jacquella Gardiner No Comments

BISX Q3 2016 Quarterly Statistical Report

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO SEPTEMBER 2016 STATISTICAL REPORT

BISX All-Share Index Comparison...

 

 

BISX is pleased to announce its BISX All-Share Index and trading statistics for the nine month period ending September 30, 2016 with comparison to the same period of 2015.

 

BISX ALL SHARE INDEX

For the nine month period ending September 30, 2016 the BISX All-Share Index closed at 1,947.88 this represented a year to date increase of 123.93 or 6.79%. By comparison for the nine month period ending September 30, 2015 the BISX All-Share Index closed at 1,803.54, this represented a year to date increase of 144.34 or 7.41%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at September 30, 2016 the market was comprised of 20 ordinary shares with a market capitalization of $4.14 Billion. In addition, there were 13 preference shares with a market capitalization of $327.37 Million and 16 bonds with a face value of $505 Million.

 

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 9 month period January 1 to September 30, 2016, some international equity markets have experienced increases as indicated by the chart below:

 

Closing Date MSCI Emerging Market Index[1] S&P 500 Index[2] FTSE 100 Index[3]    BISX All Share Index
Dec 31, 2015 794.14 2,043.94 6,242.32 1,823.95
Sep 30, 2016 903.460 2,168.27 6,899.33 1,947.88
 
% Chg (+/-) 13.77% 6.1% 10.5% 6.79%

 

TRADING VOLUMES AND VALUES

Trading volume for the nine month period January 1, 2016 to September 30, 2016 was 3,813,602.00 shares for a value of $25,321,904.16.

Trading volume for the three month period July 1, 2016 to September 30, 2016 was 852,915 shares for a value of $9,871,095.51.

9 Month Trade Volume Comparison

 

9 Month Trade Value Comparison

 

AVERAGE DAILY VOLUME AND VALUE

For the nine month period from January 1, 2016 to September 30, 2016, the average volume per trading day was 20,239.55 shares for a value of $134,582.47. By comparison, for the nine month period from January 1, 2015 to September 30, 2015, the average volume per trading day was 10,567 shares for an average value of $66,576.44.

 

Month

 Avg. volume / trading day (2016) Avg. volume / trading day (2015) Avg. value / trading day (2016) Avg. value / trading day (2015)

January

 11,672 6,176 114,183.37 $37,290.51

February

 21,979 11,754 162,333.08 $97,775.11

March

 9,720 10,927 78,322.27 $66,202.86
April 2,381 5,256 17,441.96

$42,475.68
May 9,224 6,335 72,052.88

$41,384.60
June 86,565 16,998 296,856.53

$82,739.65
July 12,516 5,768 216,668.07

$41,974.25

August

 16,697 16,910 176,210.72 $96,321.06
September 11,402 14,982 77,173.38

$93,024.13

Average for period

 20,239.55 10,567 134,582.47

$66,576.44

 

SHARE VOLUME AND VALUE LEADERS (NINE MONTH PERIOD)

The top five share volume leaders on BISX for the nine month period January 1, 2016 to September 30, 2016 with their contribution to total traded volume displayed as a percentage were:

SYMBOL

 TRADE VOLUME % OF VOLUME

DHS

    1,557,513.00 40.8%

FCL

        426,073.00 11.2%
CBL        370,520.00

9.7%
CAB        267,626.00

7.0%
CHL        251,794.00

6.6%

 

The top five share value leaders for the nine month period January 1, 2016 to September 30, 2016 with their contribution to total traded value displayed as a percentage were:

SYMBOL

 TRADE VALUE % OF TRADE VALUE

CBL

 $     3,335,288.81 12.6%

FCL

 $     2,951,312.75 11.2%
FIN $   2,335,991.90

8.9%
DHS $   2,203,327.29

8.3%
CAB $   1,779,375.02

6.7%

 

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period July 1, 2016 to September 30, 2016 with their contribution to total traded volume displayed as a percentage were:

SYMBOL

 TRADE VOLUME % OF VOLUME

AML

 146,200 17.1%

FCL

 100,247 11.7%
CBL 99,712

11.6%
FIN 83,986

9.8%
CIB 62,861

7.3%

 

The top five share value leaders for the three month period July 1, 2016 to September 30, 2016 with their contribution to total traded value displayed as a percentage were:

SYMBOL

 TRADE VALUE % OF TRADE VALUE

BG0203

 $ 2,069,000.00 18.9%

BG0305

 $  1,069,000.00 9.8%
CBL $   1,046,954.95

9.6%
FIN $       914,627.40

8.4%
FCL $       810,925.25

7.4%

 

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Holland Grant Holland Grant No Comments

BISX Holds Listed Issuer Conclave

FOR IMMEDIATE PUBLICATION

 

BISX FURTHERS ENGAGEMENT WITH LISTED ISSUERS

 

FOR IMMEDIATE PUBLICATION – Friday, 9 December 2016

Conclave attendee group photo

Conclave attendee group photo

The Bahamas International Securities Exchange (BISX) spent Thursday, 1 December 2016 in a closed session conclave with its Listed Issuers.  The purpose of the BISX 2016 Listed Issuer Conclave was to meet with senior representatives of Listed Issuers to discuss their duties and responsibilities to the market, as well as to discuss the fundamental regulatory principles and overall mission of the Exchange.  The meeting was specifically limited to senior representatives to ensure that all participants were individuals who were tasked with compliance with BISX’s Rules.

 

 

From L to R: BISX CEO Keith Davies and BISX COO Holland Grant presenting on “Trading on BISX”

From L to R: BISX CEO Keith Davies and BISX COO Holland Grant presenting on “Trading on BISX”

BISX Chief Executive, Keith Davies commented on the Conclave: “The Exchange communicates and meets with its Issuers one-on-one on a regular basis, however our reasoning behind this Conclave was to bring as many of our Issuers as possible into one room at the same time.  The goal being, of course, to facilitate the exchange of ideas and information not just from the Exchange to its Issuers, but also from the Issuers with each other.  The attendance at our meeting was outstanding and it was good to receive the overwhelming positive feedback from our Listed Issuers regarding their participation and depth of learning.”

Bahamas Waste Managing Director Francisco De Cardenas speaking at Conclave

Bahamas Waste Managing Director Francisco De Cardenas speaking at Conclave

The Conclave featured four modules intended to provide issuers with the principles regarding how the Exchange’s rules were enforced and more importantly, why the rules are in place.  The purpose of each module was to provide issuers with a deeper understanding of the Exchange’s regulatory regime.  The Modules were:

  1. Listing on BISX – This session was presented by BISX Chief Operating Officer, Holland Grant, who identified the guiding principles of these BISX Rules as: Capital Formation, Market Development and Suitability.
  2. Issuer’s Continuing Obligations – This session was presented by BISX CEO, Keith Davies, who identified the guiding principles of these BISX Rules as: Transparency, Confidence and Security.
  3. Trading on BISX – This session was presented by Mr. Davies and Mr. Grant jointly, the guiding principles identified for this session were: Transparency, Price Discovery and Equitable Access.
  4. Corporate Governance – This session was presented by Miss Odecca Gibson from the Securities Commission of The Bahamas, who spoke about the existing Corporate Governance Framework in Bahamian law, International Standards related to Corporate Governance, as well as considerations for Company’s Boards and Senior Management.
From L to R: Famguard Corporation President Lyrone Burrows and Famguard VP Finance Ramon Curtis with BISX CEO Keith Davies

From L to R: Famguard Corporation President Lyrone Burrows and Famguard VP Finance Ramon Curtis with BISX CEO Keith Davies

Speaking of the Conclave, Mr. Lyrone Burrows President of Famguard Corporation stated, “I was delighted to have been a participant at the 1st BISX Listed Issuer Conclave.  The session brought further clarity to the roles and obligations of all stakeholders associated with the local capital markets and provided the opportunity for listed issuers to interact with executives of the exchange in a less formal setting.  I definitely look forward to future sessions of this nature.  Great job BISX!”

From L to R: Commonwealth Brewery Corporate Relations Director Dennis Hanna, Commonwealth Brewery Managing Director Hans Neven and Bahamas Property Fund Chairman Michael Anderson

From L to R: Commonwealth Brewery Corporate Relations Director Dennis Hanna, Commonwealth Brewery Managing Director Hans Neven and Bahamas Property Fund Chairman Michael Anderson

Mr. Hans Neven Managing Director of Commonwealth Brewery commented “I found the session very informative and professionally conducted. It’s clear BISX has taken steps to make itself more user-friendly and accessible. I believe BISX is well on its way to achieving global standards and continued growth”

 

Securities Commission of The Bahamas Deputy Legal Counsel Odecca Gibson speaking on Corporate Governance

Securities Commission of The Bahamas Deputy Legal Counsel Odecca Gibson speaking on Corporate Governance

BISX was also pleased to welcome the Securities Commission of The Bahamas (the “SCB”) to speak on Corporate Governance and for participating in the Conclave through their Market Surveillance Department.  Mr. Davies noted “We are grateful to the Commission’s Executive Director Ms. Christina Rolle for agreeing to participate in this conclave. We wish to thank Ms. Odecca Gibson for speaking on Corporate Governance and Ms. Sandra Duncombe and her Market Surveillance team for participating as well.  The relationship between BISX and the Securities Commission is a necessary strong pillar to the effective regulation of the Bahamian capital markets and we look forward to many more collaborations of this nature.”

For Additional Information Contact:

 

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Holland Grant Holland Grant No Comments

BISX Launches New Website

For Immediate Release – Monday, November 21, 2016

 

 

ANNOUNCING THE LAUNCH OF OUR NEW WEBSITE

 

The Bahamas International Securities Exchange (BISX) is pleased and excited to officially announce the launch of its new website.  The newly redesigned website is located at www.bisxbahamas.com

 

The new BISX website is designed to be user friendly, contain more Issuer information, and allows for additional impactful upgrades in the future.

 

The BISX Chief Executive Officer, Keith Davies, commented on the launch stating, “I’m delighted that we’ve been able to finally release our new website to the public.  We’ve put a lot of hard work and effort into developing our site, and our goal from the outset has been to create a new interactive experience for our visitors.  Aside from the obvious visual makeover changes, there are quite a number of impactful resource and site enhancements that are designed to improve the structure of our content as well as the user interface experience.

 

Mr. Davies also commented on the future plans for the BISX website, “We will be making regular updates to the website to improve the content and features available for users, and we look forward to receiving feedback via our social media feeds on Facebook and Twitter.”

 

For comments, questions, suggestions and feedback email BISX on info@bisxbahamas.com

BISX Contact Details:

Mrs. Elude Sturrup

Bahamas International Securities Exchange Limited

Tel: (242) 323-2330

Fax: (242) 323-2320

For Immediate Release – Monday, November 21, 2016

 

by Holland Grant Holland Grant No Comments

BISX Furthers Investor Education

BISX Executives with COB School of Law Students and Faculty

BISX Executives with COB School of Law Students

 

The Bahamas International Securities Exchange (BISX) spent the Morning of Wednesday 26th October 2016 with students from the Corporate Governance class of The College of The Bahamas’s (COB) LL.B. Programme. Speaking to the students was BISX Chief Executive Officer, Keith Davies and Chief Operating Officer, Holland Grant. This small and relaxed session with a small grouping allowed students to ask questions directly to senior Exchange Officials.

 

BISX Chief Executive, Keith Davies commented on the visit: “Firstly I would like to thank Ms. Lisa Benjamin for having contacted BISX to arrange the session, as a former COB student, I know that I owe so much of what I have been able to accomplish to the hard work of my lecturers.  As a lawyer, I’m also always enthused for an opportunity to meet with the next generation of legal professionals.”

 

During the speaking session, the BISX executives spoke about the Exchange as well as giving information regarding securities law, the listing of securities on the Exchange and the trading of securities once listed.  Mr. Davies also took time to speak about the regulation of companies by the Exchange. He noted “These young lawyers in training will be the generation that writes the next iteration of the BISX Rules and the Securities Industry Act, so its important to ensure that they are familiar with what went into previous versions of these documents.”

 

Lisa Benjamin commented, “I was so impressed with the time spent by the Executive Officers at BISX with my students. The students thoroughly enjoyed the experience as did I. To have students learn about the Exchange directly from the operators of it was invaluable. Students were able to hear about the direct application of corporate governance principles, including the role of directors’ duties, to the operation of the Exchange from both Mr. Davies and Mr. Grant. This application of theoretical principles to real world scenarios brings alive the issues we discuss in class. “

 

Student of Corporate Governance, Gabriel Brown, noted, “I thoroughly enjoyed our trip to The Bahamas International Securities Exchange. The session was truly an engaging, interactive and highly informative one. Mr. Keith Davies and Mr. Holland Grant, along with their staff, warmly welcomed us into their office and sought to educate us in regard to the “ins and outs” of their business. We were informed about the history of the Exchange up to the current day to day running, and even about possible future enterprises. I can say that I acquired a vast amount of information in such a short session and would advise others to take the time out to learn more about our very own Bahamian International Securities Exchange.”

 

Speaking about the session BISX Chief Operating Officer, Holland Grant noted: “It was a pleasure speaking to the students from the COB LL.B. Programme. BISX has a long history with the College, both Keith and I are former students, and I donate time to the College as a part time lecturer, and Keith is a frequent speaker to my class. We see this donation of time as one of the best ways to invest in those persons that will become our future employees, future investors and future business partners.” 

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Keith Davies Keith Davies No Comments

BISX Re-Opens Following Passage of Hurricane Matthew

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that the BISX Offices have re-opened today Tuesday October 11, 2016 following the passage of Hurricane Matthew.

Trading will take place today between the hours of 12 p.m. – 2 p.m.

BISX Contact Details:

 

Mrs. Elude Sturrup

Bahamas International Securities Exchange Limited

Tel: (242) 323-2330

Fax: (242) 323-2320

Email: info@bisxbahamas.com

by Holland Grant Holland Grant No Comments

BISX Office Closure

PRESS RELEASE – FOR IMMEDIATE RELEASE

 

Tuesday October 4, 2016

 

BISX Hurricane Closure Procedures

 

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that due to the threat of Hurricane Matthew and the issuance of a Hurricane Warning for New Providence, BISX’s office will be closed Tuesday October 4, 2016. Given the unpredictable nature of hurricanes, BISX will remain closed until the hurricane passes. Trading will resume once BISX has notified the public and its Members.

 

Please be advised of the following:

 

DATE: Tuesday October 4, 2016

 

OFFICE HOURS: Closed at 12 p.m.

 

NOTES: Subject to weather conditions

 

BISX Contact Details:

 

Mrs. Elude Sturrup

Bahamas International Securities Exchange Limited

Tel: (242) 323-2330

Fax: (242) 323-2320

Email: info@bisxbahamas.com

 

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