Jamaica Stock Exchange

The Jamaica Stock Exchange was incorporated as a private limited company in August 1968. There were four founding members: Mr. Willard Samms - Annett & Company Limited Mr. Raglan I. Golding - Capital Market Services (Ja) Ltd. Mr. Edward E. Gayle - Edward Gayle & Company Ltd. Mr. Anthony Lloyd - Pitfield Mckay Ross & Co Ltd. Its principal objectives are:- to promote the orderly development of the stock market and the Stock Exchange in Jamaica; to ensure that the stock market and its Broker-members operate at the highest standards practicable; to develop, apply and enforce rules designed to ensure public confidence in the stock market and its Broker-members; to provide facilities for the transaction of stock market business; to conduct research, disseminate relevant information and maintain local and international relationships calculated to enhance the development of the Jamaica Stock Market. The Stock Market commenced operations on Monday February 3,1969. Stocktrading is restricted to Broker-members who trade both as agents and as principals. In the latter capacity, certain restrictions apply to transactions between a Broker and his own client. The Exchange is governed by a Board of Directors which has the following composition: The Governor of the Central Bank ( Bank of Jamaica ) or his nominee. A representative of the Ministry of Finance. Three persons other than seatholders. Up to ten seatholders representing members.