KINGSTON, JAMAICA — November 3, 2007 – Jamaica News Network (JNN) and the Jamaica Stock Exchange (JSE) have entered into an historic arrangement, to offer the first live stock ticker to be seen on television, during trading hours. This unique ticker will allow viewers to see live trading of stocks on the stock market. Viewers will also be able to see changes in stock prices, volumes traded and a summary of the indices.
According to Mrs. Street Forrest, General Manager of the JSE, “With this historic agreement we are continuing our mission to inform, educate and provide potential and existing investors with up to date information that will allow for more informed decisions when doing business on the stock market. I am happy today that we are able to use cutting edge technology to allow all Jamaicans and the world at large to be kept abreast of what is happening in our market. In doing this we hope to broaden the base of our market to all.
According to Mrs. Street Forrest, General Manager of the JSE, “With this historic agreement we are continuing our mission to inform, educate and provide potential and existing investors with up to date information that will allow for more informed decisions when doing business on the stock market. I am happy today that we are able to use cutting edge technology to allow all Jamaicans and the world at large to be kept abreast of what is happening in our market. In doing this we hope to broaden the base of our market to all.
Mrs. Street Forrest went on to say that this will also be a great avenue to attract more interest in the local and regional stock market. She highlighted the fact that viewers will have the unique advantage of viewing prices of all listed companies and as always the JSE will continue to look at ways to upgrade and improve this unique product.
Mr. Balram Vaswani, CEO of JNN, for his part said, “We are happy to announce the live ticker for TV. The move is significant, as for the first time it will allow Jamaicans with cable all over Jamaica to view and track stock prices on a real-time basis, which was only privy to investors and individuals with computers”. Mr. Vaswani continued: “This is one of the most exciting undertakings we have embarked on and we are looking forward to providing viewers with current financial data on the local and regional stock markets. In addition, we continue to live up to our mission to be the leading cable provider of timely news, business and other related information in the Caribbean, with quality as the hallmark in both content and production.”
Mr. Balram Vaswani, CEO of JNN, for his part said, “We are happy to announce the live ticker for TV. The move is significant, as for the first time it will allow Jamaicans with cable all over Jamaica to view and track stock prices on a real-time basis, which was only privy to investors and individuals with computers”. Mr. Vaswani continued: “This is one of the most exciting undertakings we have embarked on and we are looking forward to providing viewers with current financial data on the local and regional stock markets. In addition, we continue to live up to our mission to be the leading cable provider of timely news, business and other related information in the Caribbean, with quality as the hallmark in both content and production.”
According to Mr. Christopher Williams, Managing Director of NCB Capital Markets “This is a great step in bridging the gap between the sophisticated and the average investor, as the challenge that the capital market faces is a lack of awareness and understanding by investors. He went on to say “that there is no doubt that the capital market is a great investment vehicle which is not being utilized by most Jamaicans, because of lack of understanding. However this historic move by JNN and the JSE will allow the average Jamaican to take advantage of this great investment vehicle”.
According to Mr. Christopher Williams, Managing Director of NCB Capital Markets “This is a great step in bridging the gap between the sophisticated and the average investor, as the challenge that the capital market faces is a lack of awareness and understanding by investors. He went on to say “that there is no doubt that the capital market is a great investment vehicle which is not being utilized by most Jamaicans, because of lack of understanding. However this historic move by JNN and the JSE will allow the average Jamaican to take advantage of this great investment vehicle”.
The Jamaica Stock Exchange is a public company which has been operating in Jamaica for the past 38 years. The Stock Exchange is a vital link between companies needing capital and Jamaicans with money to invest. Through investments in stocks, investors become part owners of the companies’ growth and development. In turn, companies which raise capital from the sale of shares are able to expand and create economic growth and development. The Stock Exchange has as part of its mission: to “provide a fair, efficient and transparent stock market”.
The Jamaica Stock Exchange is a public company which has been operating in Jamaica for the past 38 years. The Stock Exchange is a vital link between companies needing capital and Jamaicans with money to invest. Through investments in stocks, investors become part owners of the companies’ growth and development. In turn, companies which raise capital from the sale of shares are able to expand and create economic growth and development. The Stock Exchange has as part of its mission: to “provide a fair, efficient and transparent stock market”.
Jamaica News Network (JNN) is Jamaica’s first and only 24-hour local news cable channel, providing viewers with broad, accurate and comprehensive news coverage. Its mission is to provide timely news, business and other related information in the Caribbean, with quality, as the hallmark in both content and production. JNN is a member of the RJR Communications Group.
Jamaica News Network (JNN) is Jamaica’s first and only 24-hour local news cable channel, providing viewers with broad, accurate and comprehensive news coverage. Its mission is to provide timely news, business and other related information in the Caribbean, with quality, as the hallmark in both content and production. JNN is a member of the RJR Communications Group.
More information on JNN or the JSE can be accessed at www.jnntv.com or www.jamstockex.com
More information on JNN or the JSE can be accessed at www.jnntv.com or www.jamstockex.com
