The
Bermuda Stock Exchange (BSX), established in 1971, is now the world’s leading fully electronic offshore securities market, with a current
market capitalizationMarket capitalization/capitalisation is a measurement of the size of a business enterprise equal to the share price times the number of shares outstanding of a public company...
(excluding mutual funds) in excess of US$300 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.
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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 capitalizationMarket capitalization/capitalisation is a measurement of the size of a business enterprise equal to the share price times the number of shares outstanding of a public company...
(excluding mutual funds) in excess of US$300 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.
The exchange specializes in listing and trading of capital market instruments such as
stockIn the investment world, a share of stock represents a share of ownership in a corporation ....
s,
bondsIn finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest and/or to repay the principal at a later date, termed maturity...
,
mutual fundA mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. The mutual fund will have a fund manager that trades the pooled money on a regular basis...
(including
hedge fundA hedge fund is an investment fund open to a limited range of investors that is permitted by regulators to undertake a wider range of investment and trading activities than other investment funds, and that, in general, pays a performance fee to its investment manager...
structures) and depository receipt programs.
The BSX has been granted approved stock exchange status under
AustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the continental mainland , the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans...
’s Foreign Investment Fund taxation rules and effective September 1, 2005 was granted designated investment exchange status by the
United KingdomThe United Kingdom of Great Britain and Northern Ireland is a sovereign state located off the northwestern coast of continental Europe. It is an island country, spanning an archipelago including Great Britain, the northeastern part of Ireland, and many small islands...
’s
Financial Services AuthorityThe Financial Services Authority is an independent non-governmental body, quasi-judicial body and a company limited by guarantee that regulates the financial services industry in the United Kingdom. Its board is appointed by the Treasury. Its main office is based in Canary Wharf, London, with...
.