JSE Introduces DMA Platform To Allow Canadian Stocks To Be Traded Locally  

  • Local investors can trade shares issued on the Canadian market using select local brokers under the newly introduced Direct Market Access portal by the Jamaica Stock Exchange.
  • This will allow Canadian stocks to be available for trading through brokers Cumax Wealth Management and Barita Investments, eliminating the need to set up an account at a Canadian brokerage house.
  • The Jamaican brokers will execute the orders of their clients through the DMA portal.
  • The JSE plans to expand the platform to other exchanges abroad and will eventually allow overseas investors in those territories to buy shares listed on the Jamaica market through the DMA.
  • The next phase will expand access to additional exchanges around the globe.
  • The JSE's new DMA platform makes international trading easier for Jamaican investors. This not only provides more options for local investors but also strengthens Jamaica's ties with global markets. This development is good news for investors looking for diverse opportunities and for the overall growth of the capital market.

(Source: RJR News)