The Tribune

By NEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

The Bahamas International Securities Exchange (BISX) has announced that Lydda Capital has become the stock exchange's seventh broker/dealer member.

Keith Davies, BISX's chief executive, said of the new addition: "It is our pleasure to welcome Lydda Capital Ltd. By taking this determinative step by becoming a BISX broker/dealer member, Lydda has demonstrated their commitment to the Bahamian capital market's growth and development. We look forward to seeing them begin trading on the exchange and offering services to clients."

Alicia Curry, a client relationship manager for Lydda, added: "Lydda Capital is excited by the expansion of its product offerings, and is looking forward to assisting clients desirous of trading on BISX."

Lydda Capital's broker/dealer status gives investors more options and choice over who they select to conduct their trading activities and meet other capital markets needs.

"Before any broker/dealer becomes a BISX member, they are required to first go through the licensing process of the Securities Commission, after which they need to go through BISX's own separate due diligence process," Mr Davies said. "Lydda was very proactive in both providing information and responding to our queries during this phase."