Business View Caribbean | November 2020

56 BUSINESS VIEW CARIBBEAN NOVEMBER 2020 AT A GLANCE JAMAICA STOCK EXCHANGE (JSE) WHAT: Principal stock exchange of Jamaica WHERE: Kingston, Jamaica WEBSITE: www.jamstockex.com T he Jamaica Stock Exchange (JSE) is well regarded in the industry as an outward- looking entity with a global footprint; a market where real wealth is created. Through 2019 and into 2020, JSE continued its diversification drive to ensure less reliance on a single Company or type of income stream; a strategy incorporating other streams of income in order to allow the Company to become resilient, especially in challenging times. This type of forward-thinking highlights the Exchange’s value in the market and goes a long way to spurring confidence in Jamaica as a place to invest. Mrs. Marlene Street Forrest, JSE Managing Director, relates, “Over the years, we have expanded our services to the market. At the time I came, we started doing electronic trading and settlement. We now have the Jamaica Stock Exchange and its subsidiary, the Jamaica Central Securities Depository Limited, along with its subsidiary called the JCSD Trustee Services. To ensure we offer full services to our investors and member dealers, we expanded the JCSD to offer registrar services and, based on the subsidy, trustee services.” In 2008, JSE moved from a mutual company to a demutualized Exchange – separating the regulatory division from the commercial division, with independent board members forming the Fostering the growth of the domestic financial services sector STOCK EXCHANGE LIMITED