The South Pacific Stock Exchange (SPSE), formerly the Suva Stock Exchange, is currently the only licensed securities exchange in the Fiji Islands. The SPSE was established in 1979, a wholly owned subsidiary of the Fiji Development Bank. In 1993, the shareholder base was broadened to enable the participation of other financial institutions in the development of the capital markets. Seven more shareholders joined the SPSE, taking the total number of shareholders to eight.
Prior to the establishment of call market sessions in 1996, the SPSE operated a "trading post" where the activities were limited to only few orders. When a matching of an opposite order was received, a trade took place. There was no physical or electronic trading board. Dealings in shares by both sellers and buyers were handled by the exchange as there were no brokers in Fiji.
Active trading on the SPSE began when a call market was introduced on July 1, 1996. In the open outcry, licensed brokers respond with buy and sell orders during the trading sessions at specified times. The market caller will call out a listed company's name. The caller matches orders strictly according to price and time priority. Unmatched orders remaining at the end of a call market session are carried forward to the next call session. The transactions are paper-based and call sessions occur on a physical trading floor.
Currently, trading is on the Electronic Trading Platform (ETP).