BISX And Reuters Broker Information-Sharing Partnership

by Amanda Banks, Tax-News.com, London

10 August 2004

The leading global multi-media news agency, Reuters, is to enter into a mutual information-sharing relationship with the Bahamas International Securities Exchange.

According to a BISX statement, Reuters has recently made the decision to firmly establish and broaden its presence in the Bahamas through the provision of various financial and news media data services. Therefore, as part of this local business drive, the news agency has decided to work closely with BISX to acquire its market data and to disseminate it throughout the world.

Describing the partnership between BISX and Reuters, as a “truly significant step forward” for the Bahamas, Keith Davies, Acting Chief Executive Officer of BISX observed: "As we develop our capital market, there will come a time when our markets will begin to open up to the world at large."

“We believe that now is the time to be proactive and to educate and inform the world about our securities industry, so that when the time comes for international investors to consider investing in the capital markets in The Bahamas, BISX would have already established a credible international link where historical and current financial market data can be retrieved,” he concluded.

Reuters boasts a clientele of some 427,000 financial market professionals working in the equities, fixed income, foreign exchange, money, commodities and energy markets globally who use its products.

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