Durrant Pate/Contributor

The Jamaica Stock Exchange (JSE) has hit another landmark, officially opening its newest building last Tuesday (May 28), which was acquired and renovated, as part of its expansion plan to bring a greater service level to their customers and stakeholders.

The JSE’s newest location and added space at 38A Harbour Street, downtown Kingston is next door to its main offices. 

This multipurpose building will house some of the JSE’s subsidiaries such as the Caribbean Business Exchange (CBX), the JSE e-Campus and Jamaica Central Securities Depository (JCSD) Trustee Services Limited. In addition, the facility will be used to host functions for the downtown business district and market ceremonies marking milestones of listed companies and new listings.

This new development comes after its successful implementation of T+1 Settlement Cycle the day prior, which extended the JSE’s trading hours from three and a half hours to five hours.

In her welcoming remarks, JSE managing director Marlene Street Forrest remarked, “The completion of Number 38A Harbour Street or Building #2 as it is currently called, marks a significant milestone in our company’s journey to cement ourselves as part of the downtown community and in the country’s financial district. This momentous occasion is even more poignant as the completion comes within our 55th year of celebration as a company.”

Continuing, she said, “This expansion also represents our commitment to the growth and development of a growing and vibrant city, in other words Kingston’s Redevelopment. We are profoundly grateful for the opportunity to be a part of this community which has collaborated well with us from the time of renovation through to the completion.”

For his part, JSE chairman, Julian Mair said, “This is a special moment for us. Whilst we have occupied the building for some time now, today is the day when we mark its significance. As we move to continue to offer additional services in this Annex, as a part of our plan for the continued growth and development of this great institution, let us not forget that a satisfied customer is the best business strategy of all.” 

Among the attendees at the opening of the JSE’s new building were Mayor of Kingston Andrew Swaby; Custos of Kingston, Steadman Fuller; Honorary Consul to Thailand and ambassador of the Jamaica Social Stock Exchange (JSSE) Thalia Lyn; chairman of the JSSE and chairman of the JSE Best Practices Committee – Professor Neville Ying; and general manager Urban Development Corporation (UDC), Robert Honeyghan.