funds on the Cayman Islands Stock Exchange (CSX) has helped continue its rapid growth.

The listing boosted the CSX, which opened in January of 1997, over the double century mark to 209 listed issues with a total market cap of over US$20 billion.

Bank of Butterfield International (Cayman) Limited's parent company Bank of NT Butterfield and Son Limited was listed on the exchange in January, 1999.

To date it has listed a total of 15 funds on the CSX including the International Balanced Fund and the Global Blue Chip Fund.

Bank of Butterfield International (Cayman) Limited's managing director Conor O'Dea said: "We have supported the Exchange since its inception and have found its services to be of a consistently high quality. We look forward to continuing our mutually successful relationship.'' CSX Chairman Anthony Travers said: "It has been a very promising year for the Exchange and I am very pleased that we have continued to outperform our original projections.'' In comparison, the Bermuda Stock Exchange (BSX) has been in operation since 1971 as the only stock exchange in Bermuda and since 1993 has developed as an international offshore equities market specialising in listing capital market instruments.