In its recently released Annual Report the FIBV notes that the BSX's domestic market out performed every other major market in the world, ranking it number one in both local currency and USD in terms of general index performance. By comparison the Irish Stock Exchange was ranked 5th with an increase of 12.8% and the Toronto Stock Exchange ranked 7th with an increase of 6.2%. The NYSE made the USD category in 10th place with an increase of just 1% for the year and NASDAQ fell 39.3%.
The report also noted that the BSX was second only to Malta in terms of percentage change in share trading value in 2000. Here the BSX recorded an impressive increase of just less than 200%, as compared with third place Istanbul, which saw an increase of approximately 125%. Malta was up 257.3%
In making the announcement BSX President & Chief Operating Officer Greg Wojciechowski noted, "The Bermuda Stock Exchange has worked very hard to achieve significant growth over the past several years and the performance of the local economy, as reflected in the share prices of companies listed on the BSX, was exceptional relative to other exchanges in 2000.
" When the BSX was accepted as a full member of the FIBV in 1999 it was acknowledged from a regulatory and operational perspective, to be equal to the major markets in the world. Now the BSX can also be viewed as an equal from a performance perspective. Bermuda should be very proud of its economic accomplishments."
While 2000 was indeed a record year for the BSX, with overall trading volume in excess of 5.6 billion, representing a total share value of $230 billion, the Exchange looks set to well exceed those figures in 2001.
Just six months into the year the BSX has already recorded total trade volumes just short of 5 billion shares with a value of $210 billion. In the same period, domestic trading has exceeded 4.5 million shares, with a value of $126 million, against a full year total of 6.7 million and $136 million, respectively, in 2000.