Life is being pumped
into the Caribbean Exchange Network (CXN) as securities regulators in Jamaica
and elsewhere in the region mull over documents that will guide its operations.
The CXN will pull the capital markets of Jamaica, Barbados as well as Trinidad and Tobago into a single operation.
It is expected to increase trading activity in the region.
The technological infrastructure is now in place for the CXN's start-up before the first quarter of 2008.
Chief Executive Officer of the Barbados Stock Exchange, Marlon Yarde, says the main inhibitor is getting the operational document finalised.
He says it is important that the documents be approved by regulators in the three jurisdictions as this is crucial to the success of the CXN.
The CXN will pull the capital markets of Jamaica, Barbados as well as Trinidad and Tobago into a single operation.
It is expected to increase trading activity in the region.
The technological infrastructure is now in place for the CXN's start-up before the first quarter of 2008.
Chief Executive Officer of the Barbados Stock Exchange, Marlon Yarde, says the main inhibitor is getting the operational document finalised.
He says it is important that the documents be approved by regulators in the three jurisdictions as this is crucial to the success of the CXN.
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