Eastern Caribbean Securities Market
Introduction to the ECSM Market and its Institutions
The Eastern Caribbean Central Bank is the key promoter behind the development of the Eastern Caribbean Securities Market (ECSM), which is the first regional securities market licensed under the Eastern Caribbean Securities Act 2001. The ECSM is designed to provide an alternative mechanism for institutions to raise capital within the regional financial system. The ECSM facilitates primary and secondary market trading. The primary market gives issuers an opportunity to raise money through new issues of securities. Our primary market is designed to give issuers the option of a non-competitive and a competitive auction methodology whereby the issuer can either set the price of the issue or allow the investor set the price of the issue. Once an issuer has used the primary market the secondary market becomes the next option to allow these investors to trade their securities freely and to provide liquidity. With the ECSM, investors have yet another alternative source to invest their savings in order to secure their future. The ECSM also allows for the transfer of private sector savings to productive investment. This will essentially increase productive activity in the real sector, facilitate private sector development and create avenues for employment.
The ECSM comprises the Eastern Caribbean Securities Exchange, The Eastern Caribbean Securities Regulatory Commission and the Eastern Caribbean Central Securities Depository
Eastern Caribbean Securities Exchange (ECSE)
The Eastern Caribbean Securities Regulatory Commission (ECSRC)
Eastern Caribbean Central Securities Depository (ECCSD)