The Bermuda Stock Exchange (BSX) is to host next year's Americas' Central Securities Depositories Association (ACSDA) General Assembly - an event that will bring around 100 industry professionals to the Island.

The conference will take place from March 23 to 25, with attendees expected from the Americas, Europe, South Africa and the Baltic States.

ACSDA is a non-profit organisation comprised of 25 Central Securities Depositories and Clearing Houses from North, Central and South America, the Caribbean and South Africa, founded almost 12 years ago and headquartered in Lima, Peru.

ACSDA's main purpose is to be a forum for the bilingual exchange of information and experiences in English and Spanish among its members. ACSDA fosters a spirit of mutual cooperation and promotes best practice recommendations in services, such as securities depository, clearance, settlement, and risk management.

Mary Ann Callahan, president of ACSDA, and also managing director of The Depository Trust & Clearing Corporation in the US, said this will be the first time that one of ACSDA's 12 island jurisdiction members has hosted the Assembly.

"I know I speak for all of ACSDA's members and guests when I say how excited we are to be convening the General Assembly in Bermuda, not only because of the magnificent venue, but also in anticipation that the meeting will undoubtedly continue our positive interaction and exchange of experiences which have become the hallmark of ACSDA's events," Ms Callahan said.

"The Bermuda Stock Exchange and Depository, since joining ACSDA in 2008, has been an active contributor to our various initiatives, and we are looking forward to working closely with BSX management as we prepare for this General Assembly."

BSX presdient and CEO Greg Wojciechowski said: "During the meeting, a wide variety of topical issues concerning the structure, operation and regulation of the world's clearing, settlement and depository organisations will be discussed.

"Being in a position to contribute to a meeting of this calibre further illustrates the hard work done by the BSX team and the knowledge base it has developed and ensures that global standards of securities clearing and settlement are in place and operating in the Bermuda capital market."