by Jacquella Gardiner Jacquella Gardiner No Comments

BISX Q1 Statistical Report 2019

FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2019 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three-month period ending March 29, 2019 with comparison to the same period of 2018.

 

BISX ALL SHARE INDEX

For the three-month period ending March 29, 2019 the BISX All-Share Index closed at 2119.29. This represents a year to date increase of 9.88 or 0.47%. By comparison for the three-month period ending March 29, 2018 the BISX All-Share Index closed at 1,962.11. That was a year to date decrease of -101.46 or -4.92%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 29, 2018 the market was comprised of 19 ordinary shares with a market capitalization of $4.85 Billion. In addition, there were 13 preference shares with a market capitalization of $327 million and 13 bonds with a face value of $513 Million.

 

MARKET CAPITAL

Over the 3-year period 2017 to 2019, the market value of all securities listed on BISX has shown an increase, during the as indicated by the chart below:

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the three-month period January 2 to March 29, 2019, some international equity markets have experienced increases as indicated by the chart below:

TOTAL TRADES BY SECURITY CLASS

For the three-month period ending March 29, 2019, each type of security produced the totals in the chart below.

TRADING VOLUMES AND VALUES

Trading volume for the three-month period January 2, 2019 to March 29, 2019 was 2,272,970 shares for a value of $9,788,268.57. By comparison, trading volume for the three-month period January 2, 2018 to March 29, 2018 was 2,651,061 shares for a value of $13,323,691.

AVERAGE DAILY VOLUME AND VALUE

For the three-month period from January 2, 2019 to March 29, 2019, the average volume per trading day was 37,333 shares for a value of $ 160,205.75. By comparison, for the three-month period from January 2, 2018 to March 29, 2018, the average volume per trading day was 43,159 shares for a value of $213,565.02.

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three-month period January 2, 2019 to March 29, 2019 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders for the three-month period January 2, 2019 to March 29, 2019 with their contribution to total traded value displayed as a percentage were:

by bisx_admin bisx_admin No Comments

BISX Signs Digital Securities Exchange Technology Licensing Agreement

FOR IMMEDIATE PUBLICATION 20 MAY 2019

The Bahamas International Securities Exchange (BISX) is pleased to announce the execution of a term sheet for a technology licensing agreement between BISX and BRX Holdings, LLC (BRXH). The agreement will allow two parties to collaborate in launching a Digital Securities Exchange in The Bahamas. The newly launched platform will allow global investors to trade programmable digital assets and securities. This exchange is aiming to become the world’s leading regulated exchange for primary issuances and secondary trading of regulated digital instruments.

BISX, with its regulatory and securities exchange operational experience, will combine efforts with BRXH financial technologies to provide institutional grade primary issuance and secondary trading of digital assets and programmable securities. The partnership will benefit from the trading and compliance technology, industry know-how and operational excellence of both parties. BISX is registered with The Securities Commission of The Bahamas (the “Commission”) as a “Marketplace” pursuant to the Securities Industry Act, 2011, and is the national stock exchange of The Bahamas. BISX began operations in 2000 and serves as a marketplace and a regulatory authority. BISX is an Associate Member of the International Organization of Securities Commissions (IOSCO), and is designated by the UK HM Revenue and Customs as a “recognized stock exchange”. BISX is also registered with the US Securities and Exchange Commission (SEC) as a Designated Offshore Securities Market.

BRXH, a FinTech company planning to operate in The Bahamas, is founded by executives with deep roots in quantitative investing, trading and issuance of traditional and digital securities.

The exchange will provide a programmable digital securities trading and marketplace for global users. The exchange will also provide a framework for private companies to list their security tokens for regulatorily compliant trading including an application process and continuing obligations for the listed equity tokens.

Speaking of this new development, BISX CEO; Keith Davies noted: “This is a momentous day for the Exchange. We have had the opportunity to meet with many groups over the last several years in the fields of blockchain and digital assets; however, BRXH offered the best combination of strengths in the areas of technology, operational experience in this space and financial partnerships that we have identified as necessary to make this exchange a success. BISX for years has invested in its regulatory reputation and knowledge base in order to be in a position to pursue partnerships such as this, and so we are happy to proceed with BRXH as our partner in this new venture. We look forward to this partnership being a benefit to many issuers and investors in this space as they look for regulated exchanges for their digital securities. We also anticipate this benefiting our jurisdiction as professionals will be exposed to and become expert in a new asset class.”

In keeping with its mandate to exceed all regulatory requirements, BISX has been in continuous contact with the Securities Commission of The Bahamas throughout all phases of this proposal. The Commission has agreed for BISX to proceed with the development of the proposed Digital Securities Offerings’ Exchange, subject to regulatory conditions.

BISX and BRXH plan to combine their collective experiences in operating digital security exchanges and their expertise of blockchain capital markets to offer access to premium digital products. To address regulatory requirements, the exchange will automate compliance processes for qualified investors with state-of-the-art KYC/AML technology with the final checks to be carried out by Bahamian compliance professionals. The exchange will operate under rules filed with and approved by The Securities Commission of The Bahamas.

For Additional Information Contact:
Elude Michel-Sturrup, BISX
Tel: 242-323-2330
Fax: 242-323-2320
Email: info@bisxbahamas.com


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BISX PUBLISHES PROPOSED RULES AND FEE SCHEDULE AMMENDMENTS

FOR IMMEDIATE PUBLICATION 13 MAY 2019Rule Proposals 13 May 2019 v2.0

 

 

The Bahamas International Securities Exchange (BISX) is pleased to announce an improvement to the BISX Website with the addition of a new section dedicated to Proposed Rule and Fee Amendments.  The new section is located under the Market Regulation menu item on the BISX Website and provides a location where BISX can introduce and publish proposed amendments to Rules and Fee Schedules.

With the addition of this new section, BISX is also publishing several proposed rule amendments for public review and consultation for a period of 30 days.  After this time, the rules including any amendments based on the public feedback will be provided to the Securities Commission of The Bahamas for review and final approval.

Speaking of the rule and fee amendment publications, BISX CEO Keith Davies noted: “We wanted to post these items for review and consideration by all stakeholders in our market, and give them an opportunity to comment on the proposed rule and fee amendments.  This type of interaction is invaluable to BISX as it allows us to receive direct communications from interested persons.  The aim going forward is to be more aggressive with amending our rules to ensure that we adhere and respond to changing market conditions and keep pace with regulatory best practices.  It is our intention to use our website to ensure that Issuers, Brokers, investors and the general public are completely involved in this process.  I look forward to the feedback that we will receive from the Bahamian capital markets.”

The proposed rule changes were focused on the following sections:

  • Section 4: Trading Rules,
  • Section 6: Listing Rules,
  • Section 7: Issuers Continuing Obligations, and
  • The BISX Fee Schedule.

The proposed rule and fee amendments can be found at: https://bisxbahamas.com/proposed-rule-and-fee-amendments/

Comments can be emailed to: rules@bisxbahamas.com

 

For Additional Information Contact:

Elude Michel-Sturrup, BISX

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Jacquella Gardiner Jacquella Gardiner No Comments

BISX Q4 Statistical Report 2018

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2018 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve-month period ending December 31, 2018 with comparison to the same period of 2017.

 

BISX ALL SHARE INDEX

For the twelve-month period ending December 31, 2018 the BISX All-Share Index closed at 2,109.45. This represents a year to date increase of 45.88 or 2.22%.  By comparison for the twelve-month period ending December 29, 2017 the BISX All-Share Index closed at 2,063.57.  That increase was a year to date increase of 125.36 or 6.47%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2018 the market was comprised of 19 ordinary shares with a market capitalization of $4.48 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.

 

MARKET CAPITAL

Over the 3-year period 2016 to 2018, the market value of all securities listed on BISX has shown an increase from 2016 to 2017 and then an increase from 2017 to 2018 as indicated by the chart below:

Total Market Capital by Year(a numerical representation of the chart above)

 

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12-month period January 2 to December 31, 2018, some international equity markets have experienced decreases as indicated by the chart below:

TOTAL TRADES BY SECURITY CLASS

For the twelve-month period ending December 31, 2018, each type of security produced the totals in the chart below.

TRADING VOLUMES AND VALUES

Trading volume for the twelve-month period January 2, 2018 to December 31, 2018 was 8,519,711 shares for a value of $ 41,832,862.36. Trading volume for the twelve-month period January 1, 2017 to December 29, 2017 was 5,128,595 shares for a value of $44,596,767.

 

Trading volume for the three-month period October 1 to December 31, 2018 was 1,308,443 shares for a value of $ 6,352,247.50. By comparison, for the three-month period from October 1 to December 29, 2017 was 1,714,335 shares for a value of $8,151,746.

 

 

AVERAGE DAILY VOLUME AND VALUE

For the twelve-month period ending December 31, 2018, the average daily trading volume was 34,150

shares which resulted in an average daily trading value of $167,596.14. By comparison for the twelve-month period December 29, 2017 the average daily trading volume was 20,399 shares for an average value of $178,989.46.

 

During the three-month period from October 1, 2018 to December 31, 2018, the average volume per trading day was 21,097 shares for a value of $103,981.84. By comparison, for the three-month period from October 1, 2017 to December 29, 2017, the average volume per trading day was 28,165 shares for an average value of $134,035.34.

 

 

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve-month period January 2, 2018 to December 31, 2018 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders for the twelve-month period January 2, 2018 to December 31, 2018 with their contribution to total traded value displayed as a percentage were:

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three-month period October 1, 2018 to December 31, 2018 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders for the three-month period October 1, 2018 to December 31, 2018 with their contribution to total traded value displayed as a percentage were:

 

by Jacquella Gardiner Jacquella Gardiner No Comments

BISX Q3 Statistical Report 2018

FOR IMMEDIATE PUBLICATION

JANUARY TO SEPTEMBER 2018 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the nine-month period ending September 28, 2018 with comparison to the same period of 2017.

 

BISX ALL SHARE INDEX

For the nine-month period ending September 28, 2018 the BISX All-Share Index closed at 1,964.04 this represented a year to date decrease of 99.53 or 4.82%. By comparison for the nine-month period ending September 29, 2017 the BISX All-Share Index closed at 1,865.88 this represented a year to date decrease of 72.33 or 3.73%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at September 28, 2018 the market was comprised of 19 ordinary shares with a market capitalization of $4.144 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.

 

MARKET CAPITAL

Over the 3-year period 2016 to 2018, the market value of all securities listed on BISX has shown a decrease from 2016 – 2017 and an increase from 2017 – 2018, at the beginning of 2018 as indicated by the chart below:

 

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 9-month period January 2 to September 28, 2018, international equity markets have experienced mixed performances as indicated by the chart below:

 

TOTAL TRADES BY SECURITY CLASS

For the nine-month period ending September 28, 2018, each type of security produced the totals in the chart below.

 

TRADING VOLUMES AND VALUES

Trading volume for the nine-month period January 2, 2018 to September 28, 2018 was 7,211,268 shares for a value of $35,480,614.86. By comparison, trading volume for the nine-month period January 1, 2017 to September 29, 2017 was 3,414,260 shares for a value of $36,445,020.43.

Trading volume for the three-month period July 1, 2018 to September 28, 2018 was 3,343,087 shares for a value of $13,346,815.61. By comparison, trading volume for the three-month period July 1, 2017 to September 29, 2017 was 1,063,957 shares for a value of $20,708,119.53.

 

AVERAGE DAILY VOLUME AND VALUE

For the nine-month period from January 2, 2018 to September 28, 2018, the average volume per trading day was 38,501 shares for a value of $188,800.91. By comparison, for the nine-month period from January 1, 2017 to September 29, 2017, the average volume per trading day was 17,811 shares for an average value of $193,974.17.

 

SHARE VOLUME AND VALUE LEADERS (NINE MONTH PERIOD)

The top five share volume leaders on BISX for the nine-month period January 2, 2018 to September 28, 2018 with their contribution to total traded volume displayed as a percentage were:

 

The top five share value leaders for the nine-month period January 2, 2018 to September 28, 2018 with their contribution to total traded value displayed as a percentage were:

 

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three-month period July 1, 2018 to September 28, 2018 with their contribution to total traded volume displayed as a percentage were:

 

The top five share value leaders for the three-month period July 1, 2018 to September 28, 2018 with their contribution to total traded value displayed as a percentage were: