The Bahamas International Securities Exchange (BISX) market has surged nearly 400 per cent from a market capitalization of $820 million at inception in May 2000 to today’s $3.8 billion, according to Keith Davies, CEO, BISX.

“By bringing confidence to the market, through transparency, innovation and market security, we have been able to grow BISX and the capital market to where it is today. it is alive, vibrant and growing,” said Davies.

“We started with nine listed companies and a market capitalization of $820 million. Today, we have 20 listed companies with a market capitalization of $3.8 billion in addition to corporate and government bonds, preference shares and an expanding mutual fund listing facility. We started with two broker-dealers and today we have five.”

Davies’ comments came during an address to the Rotary Club of East Nassau February 12.

BISX receives no public funding, and relies on its market operations and its loyal shareholders for its continued growth and development.

Davies also noted the growth in new listings on BISX over the last two years, saying that in 2014-2015 BISX added over 40 new listings almost doubling the total number of securities listed on the exchange.

Davies said that in 2016, BISX would unveil a new website and that management was working on plans to revive its Small Alternative Market (SAM) initiative.