Caribbean Exchange Linkup Delayed

The launch of the Caribbean Exchange Network, which connects the exchanges of Barbados, Jamaica and Trinidad and Tobago, has been delayed by several months, Marlon Yarde, CEO and general manager of the Barbados Stock Exchange tells LatinFinance. An original launch date was set for this month, but members are now shooting for the end of Q3. The exchanges submitted a proposal for the linkup to their respective regulators and since then, very little has happened, says Yarde. The joint platform would bring a much needed critical mass to markets in the area, encouraging “more activity in the markets, improved liquidity, better prices and more opportunity for investors to create wealth,” says Yarde. A second phase of implementation would allow the exchange to create an international gateway to facilitate trading from institutional investors, and also incorporate other Caribbean exchanges, he says.