BISX To Launch Global Product Development Initiative
The Bahamas International Securities Exchange (BISX) is launching a new initiative
with a targeted consortium of global financial services companies to create
a new platform focused on opportunities in the international capital markets.
The joint venture, named BISX Global, marries product development teams and
investment product specialists from around the globe with one of the world's
leading financial jurisdictions. BISX Global promises to capitalize on the increased benefits of independently
priced and listed products in an environment that delivers significant tax and
regulatory advantages. According to the exchange, BISX Global will provide the right expertise and
support to transform the Bahamas International Securities Exchange from a primarily
domestically focused exchange into a premier meeting place for global products
and international capital. BISX Global will be a joint initiative between the BISX and a number of international
investment banks. However, the names of these banks will not be released until
the project is finalised, which is expected to be in the next three months. Keith Davies, BISX CEO, says that BISX Global will be incorporated under the
laws of the Bahamas and will be subject to regulation on the BISX as a specialised
member of the exchange. However he anticipates that in time, BISX Global will
have product development teams positioned in several of the world's major financial
centres. A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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