Bermuda Stock Exchange
The Bermuda Stock Exchange (BSX), established in 1971, is currently the world’s leading fully electronic offshore securities market[citation needed]. The 2010 BSX 'Year End Review' report stated that the exchange's aggregate market capitalization (exluding mutual funds) stood at $USD319 billion.[1]
A breakdown of the securities listed on the BSX is given below:
| Asset Class | Number of Securities | Percentage of Total Listings |
|---|---|---|
| Collective Investment Vehicles | 322 | 39.9% |
| Derivative Warrants | 399 | 49.4% |
| Domestic Main Board Companies | 11 | 1.4% |
| Domestic Small Cap Companies | 4 | 0.5% |
| Fixed Income | 10 | 1.2% |
| International Company or Secondary Listing | 34 | 4.2% |
| Insurance Linked Security or Program | 17 | 2.1% |
| International Company and Mezzanine | 11 | 1.4% |
| TOTALS | 808 | 100% |
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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