The Bermuda Stock Exchange has announced it has terminated the trading membership of Trafalgar Securities “for non-payment of annual fees”.The BSX said Trafalgar was terminated and delisted effective Friday.Trafalgar Securities Limited is a member of the Trafalgar Group of companies headquartered in Bermuda and with offices in Canada and the Netherlands.The Group provides “advanced offshore financial services to both individual and corporate clients”.Its president is Edward Furtak, a Canadian who lives in Bermuda.