Listing is a procedure separate and distinct from registration, effected by having an application to list approved by the Exchange. Securities are traded in alphabetical order, at the conclusion of which a call-over procedure is employed before trading ceases. The Official List contains 30 stocks, one of which is listed on the Second Tier Market.
Members can act both as an agent for clients and as a principal for their own account.
However, client orders take precedence over brokers' own transactions. The Exchange operates on a cash basis and settlement takes place within five business days of the original transaction date. There is no stamp duty. There are no foreign exchange restrictions in Trinidad and Tobago. In April 1993, the fixed exchange rate system was replaced by a market determined system of exchange rates.