The Cayman Islands Stock Exchange (CSX) is a stock exchange based in Grand Cayman, Cayman Islands. It started operations in July 1997 and is fully owned by the Cayman Islands government. The CSX was recognised by the London Stock Exchange as an approved organisation in July 1999.[1]
The CSX was originally set up to provide a listing facility for the specialist products of the Cayman Islands – mutual funds and specialist debt securities. The CSX's capabilities now extend to sophisticated vehicles and structures including the listing of derivative warrants, depositary receipts, Eurobonds, preferred shares and international equity. The CSX currently has more than 1,400 listings and a market capitalisation of more than $123 billion. Other key facts and recognitions for the CSX include:
In 2006, surpassing more than 1,000 listings before the 10-year mark, posting on average, double-digit listings growth each year since its inception
In 2005, reaching break-even status a full two years before planned, allowing the CSX to become a positive contributor to Government's finances
In 2004, being granted 'recognised stock exchange' status by Inland Revenue in March 2004, greatly enhancing the CSX's commercial appeal to UK investors
In 2001, being the first (and still only) offshore exchange to become a member of the Intermarket Surveillance Group, a self-governing association of exchanges and exchange regulators from around the world committed to information sharing and the enhancement of market surveillance procedures
In 1999, becoming the first offshore stock exchange to be registered with the London Stock Exchange
