Today, the Jamaica Stock Exchange (JSE) implemented the T+1 Settlement Cycle, along with the international community, and extended its trading hours from three and a half (3 ½) hours to five (5) hours. The new trading hours are now from 9:00 am to 2:00 pm, Mondays to Fridays, providing investors with more time to buy and sell securities on the stock market.
According to Dr. Marlene Street Forrest, Managing Director of the Jamaica Stock Exchange, “Today, we take pride in aligning with international standards which brings significant benefits to our market. This move allows for quicker receipt of cash and securities for investors and is intended to increase market liquidity”.
Dr. Street Forrest added, “I take this opportunity to thank the team for their hard work and dedication in executing a smooth transition to T+1 and the extended trading hours. This project was well executed, and we appreciate the support and the input from the member dealers and listed companies.”
Mrs. Kadyll McNaught-Hermitt, Registrar & Depository Services Manager, JSE, and Project Coordinator remarked, “This is indeed a historic milestone for the JSE and the financial markets overall. The team’s arduous work has culminated in a seamless transition in the Stock Market’s settlement cycle and trading hours, which gives a wonderful sense of satisfaction that the purpose was achieved.”
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CONTACT:
Mr. Neville Ellis
Manager – Marketing and Communications
Telephone: 876-967-3271/876-322-0984
