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NameMERJ Exchange (previously Trop-X)
CountrySeychelles
Number of listed companies51
Domestic market capitalization1,213 million US$
SSE Partner ExchangeYes
Has annual sustainability reportNo
ESG reporting required as a listing ruleNo
Has written guidance on ESG reportingNo
Offers ESG related trainingNo
Market covered by sustainability-related indexNo
Has sustainability bond listing segmentNo
Has SME listing platformYes

Women on boards mandatory minimum ruleNo
Additional information
  • The board and management of Trop-X view corporate social responsibility as a key business objective. Responsible business is embedded within the Companys Strategy and is supported across the business. Clear governance structures and visible leadership play a vital role in embedding corporate responsibility throughout the Company. (Source).

Organizational model of stock exchange
  • Trop-X (Seychelles) Limited is a wholly owned private company licensed as a Seychelles Securities Exchange and owns AfriClear Limited (a licensed Seychelles Clearing Agency) and AfriDep (a licensed Seychelles Securities Facility). The exchange went live in August of 2013 with the launch of its first listing on its Equities Markets.
  • Shareholders include a combination of institutional and private investors.

Regulatory bodies

Regulatory model
  • The Seychelles Financial Services Authority is responsible for monitoring the operation of the securities exchange, however, Trop-X regulates its members, issuers and service providers by using its approved regulatory framework.

About the stock exchange
  • Trop-X is a multi-asset, multi-currency modern financial exchange that launched in 2013. More info here.