The Barbados Stock Exchange (BSE) is Barbados' main stock exchange. Its headquarters are in the capital-city Bridgetown. The body was established in 1987 by the Parliament of Barbados as the Securities Exchange of Barbados (SEB), and remained known as such until August 2, 2001. The unique four symbol alphanumeric Market Identifier Code (MIC) used to identify the BSE as defined under ISO 10383.[2] of the International Organization for Standardization (ISO)[3] is: XBAB.[4]
History
The body was established in 1987 by the Parliament of Barbados as a statutory body under CAP. 318A, Section 44 of the Securities Exchange Act (1982). Under this original charter it was constituted as the Securities Exchange of Barbados (SEB), and remained known as such until August 2, 2001, when Parliament repealed and replaced the prior act with an updated charter under The Securities Act 2001–3
Since July 4, 2001 the BSE has operated under a fully electronic trading utilizing the Order routing method. The electronic system succeeds the manual system, which comprised an open auction outcry method of trading.