October 14, 2005 – Basseterre, St. Kitts: The Eastern Caribbean Central Bank members of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines do serious business with each other and the world through the Eastern Caribbean Securities Exchange (ECSE). Licensed under the Eastern Caribbean Securities Act of 2001, the ECSE assists in the trading of such financial product as corporate and government stocks and bonds. With the goal of participation in the burgeoning development within the Caribbean, the ECSE was established in 2001 with an eye towards creating another source of revenues for the then-20 year old Organization of Eastern Caribbean States (OECS). By encouraging investments in the government and private sectors, the ECSE promotes self-determination and a more secure economic future.
The ECSE: the western hemisphere’s very first regional securities marketing organization
The ECSE also provides for greater participation by its members in sustaining the strength of the EC (Eastern Caribbean) dollar through the Eastern Caribbean Central Bank (ECCB). While the goals of local, national and regional contribution by investors is quite clear, the ECSE also encourages foreign investments within the various economies, thereby creating diversity and perpetual opportunities for sustenance.
According to ECSE General Manager Baljit Vohra in an October 2004 release, “We are working to re-define what a regional securities market should be, and to demonstrate how well it can serve investors, issuers, and intermediaries in the CARICOM region. We are working to make the ECSE products and services that support this market, more competitive, profitable and responsive to customers’ needs.” To that end, he concludes, “We encourage the investors, the issuers, the intermediaries and the media to embrace the ECSE as we employ our technological resources to be the market of choice for the region.”
Transactions are secure, safe and automated. To invest or obtain more information, contact a licensed broker or visit the ECSE web site at www.ecseonline.com. The site contains a listing of licensed brokers as well as press releases, contributors and officers. The information telephone number is toll free: 1.800.744.9238 (only in the OECS). Or, dial 1.869.466.7192.