Bermuda Stock Exchange
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The Bermuda Stock Exchange (BSX), established in 1971, is now the world’s leading fully electronic offshore securities market, with a current market capitalization (excluding mutual funds) in excess of US$300[citation needed] billion. Approximately 400 securities are listed on the BSX, of which almost 300 are offshore funds and alternative investment structures. As of 31 December 2007, the BSX had 53 listed companies with a combined market capitalization of $2.4 billion.[1]
The exchange specializes in listing and trading of capital market instruments such as stocks, bonds, mutual fund (including hedge fund structures) and depository receipt programs.
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.
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