The Cayman Islands Stock Exchange (CSX) is a stock exchange based in Grand Cayman, Cayman Islands. It started operations in July 1997 and is fully owned by the Cayman Islands government. The CSX was recognized by the London Stock Exchange as an approved organization in July 1999.
Over 1,000 stocks, eurobonds, warrants and global depositary receipts are listed on the CSX. The Chairman of CSX is Anthony Travers, a former Senior Partner at the law firm Maples and Calder. The stock exchange is located at Elizabethan Square in downtown George Town. The exchange uses a fully electronic trading platform that was developed under a partnership with Bloomberg L.P.
The CSX was originally set up to provide a listing facility for the specialist products of the Cayman Islands – mutual funds and specialist debt securities. The CSX’s capabilities now extend to sophisticated vehicles and structures including the listing of derivative warrants, depositary receipts, Eurobonds, preferred shares and international equity. The CSX currently has more than 1,400 listings and a market capitalisation of more than $123 billion. Other key facts and recognitions for the CSX include:
- In 2006, surpassing more than 1,000 listings before the 10-year mark, posting on average, double-digit listings growth each year since its inception
- In 2005, reaching break-even status a full two years before planned, allowing the CSX to become a positive contributor to Government’s finances
- In 2004, being granted 'recognised stock exchange' status by Inland Revenue in March 2004, greatly enhancing the CSX’s commercial appeal to UK investors
- In 2003, being admitted as an affiliate member of the International Organization of Securities Commissions (IOSCO)
- In 2001, being the first (and still only) offshore exchange to become a member of the Intermarket Surveillance Group, a self-governing association of exchanges and exchange regulators from around the world committed to information sharing and the enhancement of market surveillance procedures
- In 1999, becoming the first offshore stock exchange to be registered with the London Stock Exchange
Famous quotes containing the words islands, stock and/or exchange:
“Consider the islands bearing the names of all the saints, bristling with forts like chestnut-burs, or Echinidæ, yet the police will not let a couple of Irishmen have a private sparring- match on one of them, as it is a government monopoly; all the great seaports are in a boxing attitude, and you must sail prudently between two tiers of stony knuckles before you come to feel the warmth of their breasts.”
—Henry David Thoreau (1817–1862)
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
“But come what sorrow can,
It cannot countervail the exchange of joy
That one short minute gives me in her sight.”
—William Shakespeare (1564–1616)