Bermuda Stock Exchange Joins United Nations Sustainable Stock Exchanges Initiative as Partner Exchange
Highlights:
- BSX to collaborate with peers to promote sustainable business practices and corporate transparency
- Launch of BSX ESG Guidelines for issuers is a priority
Hamilton, Bermuda and Princeton, NJ — 12 May 2021 — The Bermuda Stock Exchange (BSX) has announced that it has joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative as a Partner Exchange.
The Sustainable Stock Exchanges (SSE) initiative is a peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, regulators, and companies, can enhance corporate transparency – and ultimately performance – on ESG (environmental, social and corporate governance) issues and encourage sustainable investment.
BSX President and Chief Executive Officer Greg Wojciechowski said, “The BSX is delighted to join the UN SSE as a Partner Exchange. As a member of the World Federation of Exchanges (WFE), the BSX has embraced ESG principles which have become a growing priority for WFE member exchanges.”
Launched in 2009, the SSE initiative has more than 100 Partner Exchanges around the world and focusses on the 17 Sustainable Development Goals (SDGs), as agreed upon by the General Assembly within the 2030 Agenda for Sustainable Development.The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP Finance Initiative and the Principles for Responsible Investing.
Mr. Wojciechowski added, “Bermuda’s insurance and reinsurance industry continues to be a global leader in climate finance and insurance linked securities which are addressing the global protection gap – those corporate entities, municipalities and countries that are uninsured or under-insured – and providing resilience and recovery in the face of a changing climate. As an integral part of this market, the BSX will soon be issuing ESG guidelines for our listed issuers which will provide an opportunity to take an active and important leadership role in promoting sustainable business practices.”
Learn more about the SSE at www.sseinitiative.org
Corporate Communications Contacts:
Jacintha Hughes, BSX
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
Natalie Kay, Karma Agency
215-790-7806
About the BSX
Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading electronic offshore securities market. The BSX specialises in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities (ILS). The BSX, recognised by the United States Securities and Exchange Commission as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges, an associate member of IOSCO and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia's Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK's Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada's Income Tax Act and is a member of America's Central Securities Depository Association. The BSX is wholly owned by Miami International Holdings (MIH).
To learn more about the BSX visit www.bsx.com.
About MIAX
MIAX’s parent holding company, Miami International Holdings (MIH), operates and manages Miami International Securities Exchange, LLC (MIAX®), MIAX Pearl, LLC (MIAX Pearl®) and MIAX Emerald, LLC (MIAX Emerald® and together with MIAX and MIAX Pearl, the MIAX Exchange Group™), the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.
The MIAX, MIAX Pearl and MIAX Emerald options exchanges leverage MIAX’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX Pearl) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).
MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).
Under MIAX Pearl’s exchange license, MIAX Pearl Equities™ provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput. MIAX Pearl Equities has maker-taker pricing and a price-time allocation model.
MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.
To learn more visit www.MIAXOptions.com.
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The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, including the Bermuda Stock Exchange, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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