Wednesday November 23 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.bsx.com/news_articles.php?ArticleID=1100796689
On 22nd November 2016, the Bermuda Stock Exchange (BSX) and the Channel Islands Securities Exchange (CISE) signed a Memorandum of Understanding (MoU) to explore the opportunities offered by working closer together.
The CISE is best known for listing investment vehicles, including open and closed ended fund structures, and international debt securities. BSX provides a fully electronic stock exchange platform to Bermuda’s domestic capital market and is known for supporting the global reinsurance and capital markets through the listing of a variety of investment vehicles such as fund structures and insurance linked securities.
The exchanges have now agreed to look at areas for cooperation across both the commercial and regulatory aspects of their businesses.
The MoU means that the two exchanges will start to look into ways of working together, including the cross-fertilisation of regulatory best practice, information exchange in relation to market developments, potential resource sharing and joint promotional activities.
Click on the link above for further details.