The JSE to Launch Electronic Trading of GOJ Issued Securities

• The Jamaica Stock Exchange (JSE) is officially launching its electronic trading platform for Government of Jamaica (GOJ) securities on Wednesday, March 25, 2026. The platform moves the trading of government debt into a centralised, electronic environment, replacing the older or less efficient manual processes.
• A primary goal of the platform is to provide real-time data and visibility into pricing and volumes, fostering a more open fixed-income market. By providing a structured secondary market for GOJ bonds, the platform aims to make it easier for investors to buy and sell securities, thereby improving overall market liquidity.
• The initiative is designed to strengthen Jamaica's domestic financial sector by offering a more professional, automated and accessible capital market solution for both institutional and individual investors.
• The system will provide straight-through processing for clearing and settlement, leveraging the BOJ’s Real-Time Gross Settlement (RTGS) and Central Depository System (CDS) systems, while JamClear CSD ensures secure, same-day settlement capability.
• This will result in the elimination of over-the-counter trading, with investors instead trading directly through the NASDAQ platform. Trades will be visible to all investors, and price history reporting will be available, allowing market participants to view traded prices and volumes. This enhanced transparency will support improved price discovery and setting, as well as better visibility into supply and demand volumes.

(Sources: JSE and NCBCM Research)