The Mussons Group is a diversified conglomerate operating most specifically as a distributor, logistic partner, manufacturer and sales and marketing company for many global br ands, and some of its own branded products in 33 countries worldwide. Musson (Jamaica) Ltd. is the successor to the SP Musson Son and Company Limited which was established in 1820 and has been trading in the Caribbean since that date. It was one of the original 6 companies that went on to form Barbados Shipping and Trading Limited. The Jamaican arm was bought out by senior management, led by Desmond Blades, and resulted in the setting up of Musson (Jamaica) Ltd itself in 1963. For most of its life, Musson has been a central player in the business of food distribution within Jamaica. From this base, the group has grown, by acquisition, and organic growth into a diversified conglomerate with interests in manufacturing, insurance, food distribution, pharmaceutical distribution, telecom distribution, real estate brokerage among other areas. Today, the Musson Group (Musson Jamaica Limited, together with its subsidiaries and associate companies) operates in Miami, Jamaica, across the Caribbean, Central America and the Pacific, as well as Europe.;; Acme Spices produce its own Acme branded spice products. Using lean manufacturing techniques, and the latest ingredients, mixes Acme also;; The Ketchup Plant is a manufacturing plant for Tomato Ketchup. Its exports, and contract packs for private labels.;; Musson Food Factory produces canned food products for a variety of private labels in Jamaica, in addition to the well known Big Bamboo drink.;; The company was relocated in May 1979 to its present location and is the producer and manufacturer for some of the Leading distributors in Jamaica.;; A publicly listed entity involved in the manufacturing of Oils, Fats and Corn based products for Jamaica as well as for the export markets. Read more......Read less
Overview of the Jamaica Stock Exchange
The Jamaica Stock Exchange ( JSE ) is an august institution which was incorporated in 1968 and started operation in 1969. The JSE started its operation at the Bank of Jamaica (BOJ) building and moved to its present building situated at 40 Harbour Street in 1998. The JSE's principal mandate is the mobilization of capital to facilitate the growth and development of companies and by extension the economy.
The JSE Group has evolved over time into a strong and reputable business.
There were four founding members:
Mr. Willard Samms - Annett & Company Limited
Mr. Raglan I. Golding - Capital Market Services (Ja) Ltd.
Mr. Edward E. Gayle - Edward Gayle & Company Ltd.
Mr. Anthony Lloyd - Pitfield McKay Ross & Co Ltd.
To contribute to the growth and development of the countries in which we operate by facilitating the mobilization, exchange and expansion of capital while providing a return o n equity that is acceptable to our shareholders.
To promote the orderly and transparent development of the stock market and the stock exchange in Jamaica. To ensure that the stock market and its broker members operate at the highest standards practicable To develop, apply and enforce the rules designed to ensure public confidence in the stock market and its broker members To provide facilities for the transaction of stock market business To conduct research, disseminate relevant information and maintain local and international relationships which can enhance the development of the Jamaica stock market.
The Basic Functions of the Stock Exchange
To provide an additional channel for encouraging and mobilizing domestic savings
To foster the growth of the domestic financial services sector
To provide savers with greater opportunities to protect themselves against inflation
To increase the overall efficiency of investment
To facilitate priva tization
To improve the gearing of the domestic corporate sector and help reduce corporate dependence on borrowing.
Stock trading is restricted to Broker-members who trade both as agents and as principals. In the latter capacity, certain restrictions apply to transactions between a Broker and his own client.
The Exchange is governed by a Board of Directors, which has the following composition:
The Governor of the Central Bank (Bank of Jamaica) or his nominee
A representative of the Ministry of Finance
Three persons other than shareholders
Up to ten shareholders representing members.
The JSE Group provides a wide range of services to the market. The primary services of the JSE Group are:
The trading of securities on its Markets, (Main, Junior, Bond and the US Denominated Market)
Creation of accounts in the Jamaica Central Securities Depository (JCSD)
Pledging of securities registered in the JCSD
Inter-CSD movements between Regional CSD ’s Settlement of trades through the JCSD
and Registrar Services
The JSE Group offers secondary services, these are:
Annual Investments and Capital Markets Conference
The Best Practices Awards
The National Investor Education Week
Market Research Competition
Training and Education
Stock Market Game
ISIN Issuing Agency
What is Online Trading?
Online trading simply refers to buying and selling of securities via the Internet.
The Jamaica Stock Exchange Online Trading Platform gives investors to trade directly securities listed on the Exchange. Read more......Read less
Money Transfer is the easiest and fastest way to send money locally and overseas and take care of bills. At the cheapest rates you will ever find anywhere there has never been a better way to bring a smile to your loved ones' face and to provide them with some sense of financial security. We have payment accounts with all courts furniture stores island wide so you can take care of that expense with ease. Our branches are located all over Jamaica to serve you better and more conveniently. Read more......Read less
JN Money Services Ltd provides international money remittance and other select financial services to meet the needs and expectations of our customers. We offer a range of inno vative and technology driven products and services including person-to-person money transfers, transfers to pay utility bills in Jamaica, transfers to JN money transfer card and transfers to accounts in Jamaica. Our international presence can be seen in the United States of America, the United Kingdom, Canada and the Caribbean. Read more......Read less