The Governor General visited the Jamaica Stock Exchange
(KINGSTON, September 16, 2009): On Wednesday, September 16, 2009, the Governor General of Jamaica His Excellency, Sir Patrick Allen, ON, GCMG, CD and his wife Lady Allen, visited the Jamaica Stock Exchange (JSE) and the Jamaica Central Securities Depository (JCSD) for the first time since assuming office in February, 2009. The Governor General’s visit served two purposes. His Excellency used this occasion to ring the Stock Exchange’s Bell, which signaled the opening of the Stock Market for trading. He was also updated on the development of the Stock Market, the new regulatory division of the Stock Exchange (Regulatory and Market Oversight Division) and the role of the Financial Services Commission (FSC) which regulates the JSE.
(KINGSTON, September 16, 2009): On Wednesday, September 16, 2009, the Governor General of Jamaica His Excellency, Sir Patrick Allen, ON, GCMG, CD and his wife Lady Allen, visited the Jamaica Stock Exchange (JSE) and the Jamaica Central Securities Depository (JCSD) for the first time since assuming office in February, 2009. The Governor General’s visit served two purposes. His Excellency used this occasion to ring the Stock Exchange’s Bell, which signaled the opening of the Stock Market for trading. He was also updated on the development of the Stock Market, the new regulatory division of the Stock Exchange (Regulatory and Market Oversight Division) and the role of the Financial Services Commission (FSC) which regulates the JSE.
In the discussion on the development in the market, the Governor General, asked members of the Stock Exchange, what message he could take to the ‘common man’ about investing in the market and the medium through which they could invest. This he said stemmed from the fact that in his interaction with the ordinary man, they thought the stock market was not for them. His Excellency was told that investing in stocks is not a difficult undertaking and anybody that needed to invest in the market can do so. The person investing needs to do so through a Broker, (in which there are 11) and Brokerage Houses are located throughout the island and any one of their representative could guide persons wishing to invest. It was also pointed out to the Governor General that investing in equities overtime, outperforms other investment instruments. Therefore, persons should invest in listed stocks as a part of their portfolio.
In the discussion on the development in the market, the Governor General, asked members of the Stock Exchange, what message he could take to the ‘common man’ about investing in the market and the medium through which they could invest. This he said stemmed from the fact that in his interaction with the ordinary man, they thought the stock market was not for them. His Excellency was told that investing in stocks is not a difficult undertaking and anybody that needed to invest in the market can do so. The person investing needs to do so through a Broker, (in which there are 11) and Brokerage Houses are located throughout the island and any one of their representative could guide persons wishing to invest. It was also pointed out to the Governor General that investing in equities overtime, outperforms other investment instruments. Therefore, persons should invest in listed stocks as a part of their portfolio.
The Chairman of the JSE, Mr. Curtis Martin updated their Excellencies on a new initiative that is coming on stream, that is, the Caribbean Exchange Network (CXN), which he expects to be operational in November. Mrs. Jane George, a Director of the Regulatory and Market Oversight Committee spoke about the role and responsibility of the Committee and the Regulatory and Market Division, which was formed just over a year ago. Mr. Robin Levy, General Manager of the JCSD, updated their Excellencies on the JCSD. Executive Director of the FSC, Mr. Rohan Barnett, commended the JSE on their regulatory role and especially their soon to be launched surveillance system on Friday, September 18, 2009 at the Terra Nova Hotel. He stated that the FSC is committed to working with the JSE in educating the market on investing.
The Chairman of the JSE, Mr. Curtis Martin updated their Excellencies on a new initiative that is coming on stream, that is, the Caribbean Exchange Network (CXN), which he expects to be operational in November. Mrs. Jane George, a Director of the Regulatory and Market Oversight Committee spoke about the role and responsibility of the Committee and the Regulatory and Market Division, which was formed just over a year ago. Mr. Robin Levy, General Manager of the JCSD, updated their Excellencies on the JCSD. Executive Director of the FSC, Mr. Rohan Barnett, commended the JSE on their regulatory role and especially their soon to be launched surveillance system on Friday, September 18, 2009 at the Terra Nova Hotel. He stated that the FSC is committed to working with the JSE in educating the market on investing.
Mrs. Street Forrest, General Manager of the JSE, asked the Governor General to endorse the JSE Stock Market Game for High Schools, as it had synergetic relations with his “I believe” programme targeting the youths. The Governor General thought the idea was an excellent one and he awaits the details.
Mrs. Street Forrest, General Manager of the JSE, asked the Governor General to endorse the JSE Stock Market Game for High Schools, as it had synergetic relations with his “I believe” programme targeting the youths. The Governor General thought the idea was an excellent one and he awaits the details.
On hand to receive the Governor General were members of the Board of the JSE, JCSD and the FSC. Representatives from Hamilton Knight Associates Limited launched their annual expo: “Career & Lifestyles Expo/Symposium”, to be held at the Conference Centre on, Thursday October 1, 2009, along with the Bishop of Kingston.
On hand to receive the Governor General were members of the Board of the JSE, JCSD and the FSC. Representatives from Hamilton Knight Associates Limited launched their annual expo: “Career & Lifestyles Expo/Symposium”, to be held at the Conference Centre on, Thursday October 1, 2009, along with the Bishop of Kingston.
