The Eastern Caribbean Securities Exchange Ltd (ECSE) was incorporated in St Kitts under the St Kitts Companies Act and began operations on 19th October 2001. Along with its two wholly-owned subsidiaries, the Eastern Caribbean Central Securities Registry (ECCSR) and the Eastern Caribbean Central Securities Depository (ECCSD), the ECSE operates a regional securities market facilitating the buying and selling of a range financial products, including corporate stocks and bonds and Government securities. It is the first fully electronic regional exchange in the entire Western Hemisphere, with completely paperless trading. It also has the fastest settlement period for trade execution at T+1. Unlike many exchanges, regionally and globally, it is a public ‘for profit’ limited liability company, with 49 shareholders in 11 Caribbean countries. The ECSE Group offers a full range of securities trading and ancillary services to listed and non listed companies in the entire CARICOM region