Gov. Turnbull wants a task force to study the feasibility of establishing a stock exchange in the territory. "The creation and implementation of such an initiative may prove vital to the continued growth of our economy," the island’s chief executive said in news release announcing his executive order to establish the study. "The territory could easily become the financial capital of the Caribbean and position itself to be the financial leader in the region," the Governor said.
Sen. Roosevelt David praised the idea, explaining "What they want to do is attract capital to the territory, which is good." He said the exchange could have over-the-counter and Internet trading, and probably would be based on St. Croix. "This would give Economic Development Commission companies the opportunity to generate their revenue here," David added.