The Cyprus stock exchange commenced its operations in 1996. At present (June 1999) 121 securities issued by 52 companies are listed on the exchange. These include shares, rights, warrants, corporate bonds, government bonds and treasury bills. Nineteen stockbroking firms are members of the exchange. The total market capitalisation is currently (June 1999) CY£ 3,4 billion (US$ 6,8 billion approx.)
In May 1999, the CSE successfully implemented a new electronic screen-based trading system which not only facilitates the work of the members and extends the dealing time, but also increases the transparency of deals.
Commissions at the exchange can be negotiated between
members and their clients. In the absence of an agreement the following rates apply:
