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.
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