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Dutch Caribbean Securities Exchange
TypeLocal & International Securities Exchange
LocationWillemstad, Curaçao, Kingdom of the Netherlands

The Dutch Caribbean Securities Exchange (DCSX) is a self-regulatory international Exchange for the listing and trading in domestic and international securities.[1] It is a platform where companies can register for funding and investors can choose companies in which to invest. The DCSX is focused on servicing startups as well as small and medium-sized enterprises.[2]


The DCSX Foundation functions as the self-regulatory direct supervisory body that assures that Management of the DCSX adheres to the processes as laid down in the Rules and Regulations. It is also the DSCX Foundation that needs to approve new members to the DCSX. The Board of the DCSX Foundation is composed of representatives of financial institutions and or other organizations whose interest it is that Curaçao has a well-functioning securities exchange.[3]

The Board of Directors of the Exchange consists of the CEO, the President of the Board, the Treasurer of the Board and a few Board Members.[4] A Listing Committee is responsible for approving new listings on the Exchange. Arbitration is managed by an Appeals Committee.

Rules and regulations

The DCSX has a set of well-defined rules to regulate and supervise the market and its participants. The rules provide smaller companies with flexibility and easier access to an equity market while providing transparency and strong governance. The DCSX is a regulated membership organization, licensed by the Minister of Finance and supervised by the Central Bank of Curaçao and Sint Maarten. The DCSX follows Curaçao law, which is in concordance with Dutch Law. Final appeals of dispute are heard and decided at the Supreme Court of the Netherlands.


The DCSX operates under full license of the Minister of Finance of the Curacao Government and is supervised by the Central Bank of Curaçao and Sint Maarten.[5] The supervision of the Central Bank comprises, among other things, ensuring transparency and business integrity, the proper administrative organization and internal control environment, and the adequate functioning of the securities market and exchange.[6]


The DCSX custodial bank is Vidanova Bank N.V. Vidanova Bank N.V.’s majority shareholder (with an equity ownership of > 80 %) is the Vidanova Pension Fund in Curacao.[7]

Participating companies

DCSX members

DCSX Listing Advisors

DCSX Brokers

EarlyBird Funding B.V.


bloc formed by the Stock Exchanges of: Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panamá and the Dominican Republic which unanimously accepted the application by the D.C.S.E.

See also


  1. ^ "DCSX - Dutch Caribbean Securities Exchange". Retrieved July 24, 2017.
  2. ^ "Overview". Retrieved July 24, 2017.
  3. ^ "DCSX Foundation". Retrieved July 24, 2017.
  4. ^ "Board of Directors - DCSX - Dutch Caribbean Securities Exchange". Retrieved July 24, 2017.
  5. ^ "DCSX - Dutch Caribbean Securities Exchange". Retrieved July 24, 2017.
  6. ^ "Supervision Securities Exchange - Central Bank". Retrieved July 24, 2017.
  7. ^ "History of Vidanova Bank - Vidanova Bank". Retrieved July 24, 2017.
  8. ^ "Home page | World Federation of Exchanges". Retrieved 2013-09-08.