The Cayman Islands Stock Exchange (CSX) - Profile of a Leader
With the establishment of the CSX in 1997, the funds industry was further enhanced and Cayman is now a first-class listing facility for funds. The CSX has continued to grow, with more than 850 issues approved for listing, a large proportion of which are mutual funds, making it one of the fastest growing international stock exchanges.
The CSX's capabilities also extend to the listing of derivative warrants, depository receipts, eurobonds, preferred shares and international equity. The CSX also provides a secondary listing facility and on offshore trading venue in the North American time zone for companies listed and traded on another recognized exchange.
Publication of all listed issuers' price and other information on the CSX's dedicated Bloomberg facilities, and on the Internet ( www.csx.com.ky ), ensures transparency for the investor and guarantees visibility for the issuer at all times.
The UK Inland Revenue designated the CSX as a Recognised Stock Exchange under the Income and Corporation Taxes Act 1988. As a result, interest earned on securities listed on the CSX can now be paid without deduction of UK tax. The CSX is an affiliate member of IOSCO and the Intermarket Surveillance Group, a group of self-regulatory organisations committed to international co-operation for regulatory purposes. Among its members are all U.S. Exchanges as well as a number of European, Canadian, Asian and Australian Exchanges. In 1999, the CSX was the first offshore stock exchange to become a registered organisation with the London Stock Exchange.
Last Updated: 2005-06-10