PRESS RELEASE
CONTACT INFORMATION:
The Trinidad and Tobago Stock
Exchange Limited
(868) 625-5107/9 ext. 241
marketing@stockex.co.tt
RELEASE DATE:
[September 16, 2020]
The Trinidad and Tobago Stock Exchange Launches Online Trading in T&T
[PORT OF SPAIN, TRINIDAD] — The Trinidad and Tobago Stock Exchange Limited [TTSE] is pleased to announce to the public, the launch of its online trading platform, TOP [TTSE Online Platform], which allows for the buying and selling of securities online. The online trading platform, which went live on July 31, is one of many strategic initiatives the TTSE has had in its pipeline, and aims to provide a more efficient and faster means to stock trading.
Investors with a TOP account may access the platform from any electronic device, by logging on to
top.stockex.co.tt. TOP allows investors to enter orders 24 hours a day, 7 days a week. Once an order has been placed outside of Market Pre-Open Hours [8:00am to 9:30am] and/or Market Open Hours [9:30am – 12noon], the order will be queued and executed at the start of Market Pre-Open Hours on the next trading day. Additionally, TOP also allows the user to view real-time movements in their portfolio and the stock market, and manage multiple trading accounts on the platform.
“TOP is most definitely a game-changer for the investing population, as it allows for the empowerment of new and existing investors, the stimulation of trading and the growth and evolution of the local stock market. Through TOP, an investor can buy and sell any security listed on The TTSE, such as stocks, mutual funds and corporate bonds, with the only exception being the Government Bonds,” says TTSE Chief Executive Officer, Amoy Van Lowe.
Van Lowe further adds, “The TTSE recognizes the need for change on the local stock market and this is evident through our new brand identity and website, which we launched through our social media platforms at the very end of July 2020. Our goal is to widen the trading options for existing investors and additionally, to attract and engage new investors to trade on the stock market. Realistically, Millennials and Generation Z, are the future investors and entrepreneurs in Trinidad and Tobago and it is important that we adapt to meet their expectations and that of the market. With the shift in digital technology over the past decade and more, online accessibility is key to making the next investment move and we support that, especially with TOP.”
To begin trading on TOP, an investor must create a TOP account, be in possession of a Trinidad and Tobago Central Depository Limited (TTCD) Broker Account to allow for the transfer of funds, and have a valid email address. The TTCD is a wholly owned subsidiary of The TTSE and facilitates efficient, safe and prompt clearing and settlement of securities transactions. Shareholders must open a TTCD Broker account with a Registered Stockbroker.
The TTSE advises that with any investment decision, there is risk, despite the method used. Investors are urged to identify their investment goals and objectives, risk tolerance and investment horizon before making their decision and seek the professional advice from a Financial Advisor and/or Stockbroker.
###
ABOUT THE TTSE
The Trinidad and Tobago Stock Exchange Limited (TTSE) facilitates the buying and selling of securities and provides a medium for companies to raise capital. The TTSE is a Limited Liability Company and Self-Regulatory Organization (SRO).
The TTSE is responsible for developing rules and guidelines for the operations within the local stock market; the rules and guidelines are followed by the brokerage firms and listed companies, which are the main shareholders of the TTSE.
- Chairman of the Board of Directors: Ray A. Sumairsingh
- Chief Executive Officer: Amoy Van Lowe
