Malta Stock Exchange

The Malta Stock Exchange with 13 stocks is having a banner year.  Its stock is up 60% over last year.  The Exchange is attempting to develop an active market in foreign stocks.  This could get interesting.  A number of small countries are attempting to play the "Delaware" game; attract foreign listings and foreign stock trading volume.  These new markets will attempt to design trading systems and rules that are attractive to foreign traders and companies.  Of course, if they come up with some good new innovations, expect established markets, if politically feasible, to mimic the best of them at some point.