BSX Announces Record Cross Trading Volumes.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Jan. 22, 2001 The Bermuda Stock Exchange The Bermuda Stock Exchange (BSX), established in 1971, is now the world’s leading fully electronic offshore securities market, with a current market capitalization (excluding mutual funds) in excess of US$300 billion. (BSX BSX Bermuda Stock Exchange BSX Bandai Satellaview-X BSX Bicycle Super-X (Cross) ) has announced record cross trading volumes for 2000. The BSX experienced steady growth in its after hours Adv. 1. after hours - not during regular hours; "he often worked after hours" cross market in 2000 and by year's end the Exchange had processed more than 5.6 billion shares worth US$230 billion through its fully electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. system. Since receiving "Designated Offshore Securities Market" status from the SEC in 1996, the BSX crossing market has grown steadily and last year's volumes took the market to record heights. Similarly, domestic trading volumes also set new records in 2000, with 6.7 million shares with a share value of US$136 billion changing hands. The Bermuda Stock Exchange's fully electronic trading market opens one and a half hours before New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and remains open an hour after the US East Coast markets close, making it a very attractive venue for after hour cross trading. The BSX's ability to support the crossing and printing of institutional orders through its state of the art electronic trading platform has attracted significant attention from key players in the global brokerage industry. BSX Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Greg Wojciechowski Greg Wojciechowski is a former American amateur wrestler and professional wrestler, best known by his ring name The Great Wojo, who competed primarily for the Indianapolis-based World Wrestling Association during the 1980s, most notably being featured in the explains further "The BSX is committed to providing a well regulated trading platform for large or block transactions which require execution on a recognized stock exchange. The BSX's crossing facility supports not only the printing of US equity transactions but also those transactions from other markets. "Additionally, the BSX's ability to immediately disseminate the details of transactions through its global information distribution partners Bloomberg (BSX [GO]) and Reuters (THEBSX), has proven to be an attractive value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. service for those clients wishing to see an order execution verified by an independent third party." Mr. Wojciechowski went to say, "The BSX is naturally delighted to have been universally recognized as a leading market for cross trading. We feel that this product will be very important going forward as the US Equity markets continue to reshape themselves. The BSX is a well established, internationally recognized, well regulated securities market located in an offshore environment and as such is an ideal venue for cross trading market." Established in 1971 the BSX also runs a daily trading market for domestic equity securities and in early 2001 will launch the world's first real time trading venue for secondary market hedge funds. For more information, contact Joanne MacPhee at the Bermuda Stock Exchange 1-441-292-7212 or jmacphee@bsx.com. Information is also available at www.bsx.com, on Bloomberg at BSX [GO], and on Reuters at THE BSX. The Bermuda Stock Exchange is a fully-electronic offshore securities market founded in 1971. The BSX lists more than 300 securities -- including equities, mutual funds and bonds, as well as depository receipts -- and is recognized by the U.S. SEC as a Designated Offshore Securities Market. The BSX is also a full member of the FIBV FIBV Federation Internationale Des Bourses De Valeurs . |
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