Caribbean Money Market Brokers (CMMB), a full-service brokerage house headquartered in Trinidad and Tobago , has received a licence from the Eastern Caribbean Securities Regulatory Commission, (ECSRC) to operate in the Eastern Caribbean Securities Market.
CMMB, which will be conducting business as a full service broker dealer from its home base, becomes the first company operating from offices outside of the ECCU; however having been registered as an external company in St Kitts and Nevis, the company will maintain an agent in the Eastern Caribbean currency union.
Established in 2000 from a partnership between the Jamaica Money Market brokers Limited and Trinidadian companies CL Financial and CLICO Investment Bank, CMMB operates as a full service brokerage house in Trinidad and Tobago , offering investments in both debt and equity.
The granting of this new licence brings to nine the number of broker dealers licensed by the Commission.
The others are Antigua Commercial Bank, ABI Bank Ltd, Bank of Nevis Ltd, Bank of St Lucia Ltd, National Commercial Bank (SVG) Ltd, National Mortgage Finance Company of Dominica, the St Kitts Nevis Anguilla National Bank and Republic Finance and Merchant Bank (FINCOR) of Grenada.
The ECSRC is the regulator for the securities market in the Eastern Caribbean Currency Union, which comprises the eight member countries of Anguilla , Antigua and Barbuda , Dominica , Grenada , Montserrat , St Kitts and Nevis , St Lucia and St Vincent and the Grenadines .
