Island-hopping
Eight islands want a common stock exchange. Why not all of them?
BETTER known for bananas and beaches than for high finance, eight little islands in the eastern Caribbean plan to open a shared stock exchange by August. Based in St Kitts, the headquarters of the Eastern Caribbean Central Bank, the new Eastern Caribbean Securities Exchange will be a model of international integration, with all-electronic trading and a T+1 settlement system. Any problems? Between them, the islands have only 28 public companies, and not all want a listing.
This article appeared in the Finance & economics section of the print edition under the headline “Island-hopping”
From the June 2nd 2001 edition
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