South Pacific Stock Exchange
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The South Pacific Stock Exchange (SPSE) is a stock exchange based in Suva, Fiji.
Trading is paper-based, conducted by a "call market" on a physical trading floor at 10:30am each weekday. Each listed company name is called out and orders are submitted by brokers and dealers. The market caller then matches orders on a price and time priority basis. Unmatched orders at the end of the session are carried forward to the next day.
[edit] History
The exchange was established in 1979 as the Suva Stock Exchange, owned by the Fiji Development Bank. In 1993 the ownership was broadened to allow eight other financial institutions to take part.
The market began as a "trading post" where orders were telephoned in and remained until matched. In 1996 it changed to its present form as a "call market" described above.
In 2000 the exchange changed its name to the South Pacific Stock Exchange, with a view to becoming a regional exchange.
