The Government, in partnership with the Bank of Jamaica (BOJ), the Jamaica Stock Exchange (JSE), and the Financial Services Commission (FSC), plans to launch the Fixed Income Trading Platform (FITP) in the near term.
The FITP will provide a centralised and standardised framework for the listing, trading and management of Government of Jamaica (GOJ) securities.
This initiative forms part of the Government’s broader strategy to modernise the domestic debt market and is designed to strengthen the secondary market by promoting greater efficiency, transparency and participation in fixed income trading.
This was disclosed by Minister of Finance and the Public Service, Hon. Fayval Williams, as she opened the 2026/27 Budget Debate in the House of Representatives on Tuesday (March 10).
“I know that ordinary Jamaicans who are focused on putting dinner on the table may not be conversant with the FITP or the many reforms I have outlined or how it would affect their lives positively. But that is what governments must do… identify friction in the economy and solve it for the benefit of the people,” the Minister said.
Mrs. Williams noted that the Government’s plan is to transform the traditional bond market structure by centralising access, improving transparency, automating workflows, “and unlocking powerful analytics for all participants”.
The Finance Minister emphasised that the platform’s implementation is expected to reduce transaction settlement times and mitigate counterparty risks, while expanding participation from both domestic and international investors.
She added that the initiative will broaden the investor base, strengthen price discovery, support the development of an efficient yield curve, and enhance liquidity in the secondary market.
