World Stock Exchanges – BermudaPosted: October 3, 2012
Bermuda Stock Exchange
The Bermuda Stock Exchange (BSX), established in 1971, is currently the world’s leading fully electronic offshore securities market. The 2010 BSX ‘Year End Review’ report stated that the exchange’s aggregate market capitalization (excluding mutual funds) stood at $USD319 billion.
A breakdown of the securities listed on the BSX is given below:
|Asset Class||Number of Securities||Percentage of Total Listings|
|Collective Investment Vehicles||322||39.9%|
|Domestic Main Board Companies||11||1.4%|
|Domestic Small Cap Companies||4||0.5%|
|International Company or Secondary Listing||34||4.2%|
|Insurance Linked Security or Program||17||2.1%|
|International Company and Mezzanine||11||1.4%|
The BSX has been granted approved stock exchange status under Australia’s Foreign Investment Fund taxation rules and effective September 1, 2005 was granted designated investment exchange status by the United Kingdom’s Financial Services Authority.