The creation of a Caribbean Single Market and Economy has lent impetus to the idea of an integrated stock market for the region.
Now that Caribbean leaders have agreed to establish a regional
free-trade zone for goods and services, the next logical step,
some argue, is to develop a Caribbean-wide stock exchange to
attract institutional investors.
|Caribbean exchanges are
"I think it's critical," says Lyndon Guiseppi, managing
director of Trinidad's RBTT Merchant Bank Ltd. "We currently
have three major stock exchanges, one each in Jamaica, Barbados
and Trinidad. The three combined have less than 100 companies
listed, and most of these companies operate throughout the
entire region, so while they may be domiciled in Trinidad or
Jamaica, it doesn't really matter where they're listed."
Roy Johnson, executive chairman of the Jamaica Stock
Exchange, also favors of a Caribbean stock market. "The concept
has been under consideration for some time now, but what brings
immediacy to the need for action is the new Caricom [Caribbean
Community] Single Market and Economy. We have...
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