The East Caribbean Stock Exchange (ECSE), based in St Kitts, has
state-of-the-art trading technology, but after five months in
business it still has only two listings. Even so, the exchange
hopes to attract listings from companies throughout the Caribbean
and grow into a regional stock market.
The ECSE boasts the most sophisticated technology in the region.
It has the only electronic trading system that can settle trades in
one day. It has a centralized depositary system, so unlike other
Caribbean stock markets, it does not require investors to hold
securities certificates as proof of ownership. Its online
information source on publicly held companies, called the Eastern
Caribbean Securities Information Network (ECSIN), is equivalent to
the US Securities and Exchange Commission's EDGAR system.
Baljit Vohra, the exchange's general manager, says forlornly that
since the market opened, its four broker-dealer firms have traded
only 50,000 shares totaling EC$240,000 ($100,000) in the two listed
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