The Jamaica Stock Exchange is the principal stock exchange of Jamaica. It is known as the JSE. It was founded in 1968 in Kingston, Jamaica and its current chairman is Mr Donovan Perkins.
The four founding members were:
– Mr Willard Samms – Annett & Company Limited
– Mr Raglan S Golding – Capital Market Services (Ja) Ltd
– Mr Edward E Gayle – Edward Gayle & Company Ltd
– Mr Anthony Lloyd – Pitfield Mckay Ross & Co Ltd.
The Stock Market commenced operations On Monday 3 February 1969 it commenced operations when Stocktrading was restricted to Broker-members who traded both as agents and as principals.
On 14 October 2014, it was announced that the Jamaica Stock Exchange became the 16th announced member of the United Nations Sustainable Stock Exchanges initiative.
The Jamaica Stock Exchange was incorporated as a private limited company in August 1968.
There were four founding members:
Mr. Willard Samms – Annett & Company Limited
Its principal objectives are:-
to promote the orderly development of the stock market and the Stock Exchange in Jamaica;
The Exchange is governed by a Board of Directors which has the following composition:
The Governor of the Central Bank ( Bank of Jamaica ) or his nominee.
ABOUT THE JSE’S HEADQUARTERS
THE home of the Jamaica Stock Exchange at 40 Harbour Street has an interesting history.
Historians believe that the site, together with the land next to it, may have once been an Arawak fishing village. Fresh water was said to be provided to the village by a network of underground springs which still exist today.
In modern times, the site has been occupied for over 100 years. The first structure, a private house, fell down in the 1907 earthquake. The building which replaced it was used for industrial purposes, and was acquired by the United Fruit Company in 1920 shortly after that company bought the adjacent Myrtle Bank Hotel. Both buildings were remodelled in the same style, with the architectural flourishes typical of the period. The Myrtle Bank Hotel was to become one of the most famous hotels in the world until it was destroyed by fire in the 1960s. The United Fruit Company made 40 Harbour Street its headquarters in Jamaica until the 1950s, and eventually sold it to the Urban Development Corporation in 1971. It was later acquired from the UDC by the Kingston Restoration Company and purchased by the Jamaica Stock Exchange in 1995.
The Jamaica Stock Exchange is proud that it has been able, in its new headquarters, to add to the restoration of Downtown Kingston and to help preserve its architectural heritage.