BermudaIntellectual Property
INTRODUCTION
The Bermuda Stock Exchange (BSX) is in expansion mode. Its regulatory framework and operational procedures are being enhanced to modernise the market, giving it a comprehensive edge in the offshore capital markets.
In 1992, trading moved from weekly to daily sessions and the trading system was enhanced by the introduction of electronic price dissemination, trade confirmation and the trade reporting system based on the Bloomberg Financial Markets System (BFMS).
HISTORY OF THE BSX
The BSX, the island's only stock exchange, was established by Bermuda's three banks in 1971 as an unincorporated association. In 1992 The BSX was incorporated as a limited liability company. In 1995, The BSX extended trading membership invitations to locally owned brokers and has now increased its number of trading members to eight. Trading memberships are alos available to international brokers who meet the BSX's requirements, without limitaion on numbers.
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