The Bermuda Stock Exchange (BSX) has been admitted to America's Central Securities Depositories Association at the organisation's 10th Annual General Assembly in Panama City, Panama.

The Caja Venezolana de Valores, SA, Venezuela and Barbados Central Securities Depository Inc. were also admitted.

In making the announcement, BSX president and chief executive officer, Greg Wojciechowski said: "BSX operations manager, Neville Caines and I were delighted to represent the BSX/BSD in Panama City to receive the good news and great honour of being admitted to this prestigious association of the western hemisphere's central securities depositories.

"This milestone certainly punctuates the work that has been done by the BSX in implementing the Bermuda Securities Depository (BSD) and underscores the model that has been deployed to support the further development of Bermuda's domestic capital market.

"The BSX/BSD is looking forward to working with this prestigious group as it provides an excellent forum to exchange views and learn more about regional developments in the area of securities clearing, settlement and depository services."