Strategic priorities for EU accession country securities exchanges

Abstract

The presentation outlined the strategic priorities for securities exchanges in EU accession countries, with a special reference to the Malta Stock Exchange (MSE). Most of the EU accession country exchanges were set up only recently in conjunction with government privatisation programmes. These exchanges are typically small and witness modest levels of liquidity. On the other hand these exchanges typically use modern electronic trading systems which give them a competitive edge over other institutions. MSE is one of the smallest exchanges in EU accession countries and turnover is heavily dependent on three major equity issues. EU accession country exchanges have to address five inter-related strategic priorities as outlined below.