Jump to content

Malta Stock Exchange: Difference between revisions

Coordinates: 35°53′42″N 14°30′42″E / 35.89500°N 14.51167°E / 35.89500; 14.51167
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
→History: +Wikilink
Monkbot (talk | contribs)
Bots
3,695,952 edits
m Task 20: replace {lang-??} templates with {langx|??} ‹See Tfd› (Replaced 1);
 
(34 intermediate revisions by 25 users not shown)
Line 1: Line 1:
⚫
The '''Malta Stock Exchange''' ({{langx|mt|Borża ta' Malta}}), known as the '''Borża ta' Malta''', is the [[stock exchange]] of the island nation of [[Malta]]. Since being set up in 1992, the Exchange has been key to the raising of capital for the private sector through the issue of corporate bonds and equity while virtually all the national debt of Government of Malta has been issued in the form of Malta Government bonds and treasury bills that are listed and traded on the secondary market.

{{Short description|Stock exchange in Malta}}
{{coord|35|53|42|N|14|30|42|E|source:kolossus-frwiki|display=title}}
{{coord|35|53|42|N|14|30|42|E|source:kolossus-frwiki|display=title}}
{{Infobox exchange
{{Infobox exchange
Line 11: Line 14:
|founded = {{start date|1992|1|8}}
|founded = {{start date|1992|1|8}}
|key_people = Chairman - Joseph Portelli, CEO - Simon Zammit
|key_people = Chairman - Joseph Portelli, CEO - Simon Zammit
|currency = [[EUR, STG, US$]]
|currency = [[EUR]], [[GBP]], [[US$]]
|listings =
|listings =
|indexes =
|indexes =
Line 18: Line 21:
}}
}}


⚫
The investor base consists of over 75,000 individual investors, which is a significant number given Malta's economic size (GDP €8,796 million in 2015) and population (434,403 in 2016). The focus of the Malta Stock Exchange is to continue to develop and support the domestic market whilst attracting international companies to list on the Exchange, and enjoy the passportability within the EU that this brings. It has also invested heavily in the use of technology and uses the Xetra trading platform.
⚫
The '''Malta Stock Exchange''' ({{lang-mt|Borża ta' Malta}}), originally known as the '''Casino della Borsa''',<ref>{{cite journal|last1=Denaro |first1=Victor F. |title=More houses in Valletta |journal=Melita Historica |date=1961 |volume=3 |issue=2 |pages=3 |url=http://melitensiawth.com/incoming/Index/Melita%20Historica/MH.03(1960-63)/MH.3(1961)2/orig01.pdf |archiveurl=https://web.archive.org/web/20160323112933/http://melitensiawth.com/incoming/Index/Melita%20Historica/MH.03%281960-63%29/MH.3%281961%292/orig01.pdf |archivedate=23 March 2016 |deadurl=yes |df= }}</ref> is the [[stock exchange]] of the island nation of [[Malta]]. Since being set up in 1992, the Exchange has been key to the raising of capital for the private sector through the issue of corporate bonds and equity while virtually all the national debt of Government of Malta has been issued in the form of Malta Government bonds and treasury bills that are listed and traded on the secondary market.


⚫
The chairman of the board of the Malta Stock Exchange is Joseph Portelli, and the chief executive officer is Simon Zammit.
⚫
The investor base consists of over 75,000 individual investors, which is a significant number given Malta’s economic size (GDP €8,796 million in 2015) and population (434,403 in 2016). The focus of the Malta Stock Exchange is to continue to develop and support the domestic market whilst attracting international companies to list on the Exchange, and enjoy the passportability within the EU that this brings. It has also invested heavily in the use of technology and uses the Xetra trading platform.


On 23 August 2023, the company formed [[EuroCTP]] as a joint venture with 13 other bourses, in an effort to provide a [[National market system plan|consolidated tape]] for the [[European Union]], as part of the [[Capital Markets Union]] proposed by the [[European Commission]].
⚫
The Chairman of the Board of the Malta Stock Exchange is Mr Joseph Portelli, and the Chief Executive Officer is Mr Simon Zammit.


==History==
==History==
[[File:Malta - Valletta - Pjazza Kastilja - Borza ta' Malta 03 ies.jpg|thumb|Emblem of the Malta Stock Exchange]]
[[File:Malta - Valletta - Pjazza Kastilja - Borza ta' Malta 03 ies.jpg|thumb|Emblem of the Malta Stock Exchange]]


The Exchange was established with the enactment of the Malta Stock Exchange Act in 1990, and commenced its trading operations on 8 January 1992.<ref>{{cite web |url=http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=69&Itemid=23 |title=About the MSE |publisher=Malta Stock Exchange |archiveurl=https://web.archive.org/web/20140924042318/http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=69&Itemid=23|archivedate=24 September 2014}}</ref> The [[Central Bank of Malta]] was originally appointed as the supervisor of the Exchange <ref>{{cite web|title=The History of the Central Bank of Malta|url=http://centralbankmalta.org/site/about4a.html|publisher=Central Bank of Malta|archiveurl=https://web.archive.org/web/20140712090319/http://www.centralbankmalta.org/site/about4a.html|archivedate=12 July 2014}}</ref> and it now falls under the supervision of the [[Malta Financial Services Authority]] (MFSA).
The Exchange was established with the enactment of the Malta Stock Exchange Act in 1990, and commenced trading operations on 8 January 1992.<ref>{{cite web |url=http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=69&Itemid=23 |title=About the MSE |publisher=Malta Stock Exchange |archive-url=https://web.archive.org/web/20140924042318/http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=69&Itemid=23|archive-date=24 September 2014}}</ref> The [[Central Bank of Malta]] was originally appointed as the supervisor of the Exchange,<ref>{{cite web|title=The History of the Central Bank of Malta|url=http://centralbankmalta.org/site/about4a.html|publisher=Central Bank of Malta|archive-url=https://web.archive.org/web/20140712090319/http://www.centralbankmalta.org/site/about4a.html|archive-date=12 July 2014}}</ref> a role now assumed by the [[Malta Financial Services Authority]] (MFSA).


In 1999, the Exchange moved into the former Garrison Chapel building in Castille Square, Valletta. This iconic building was built in 1857 on the designs of T. M. Ellis, and was used as a multi-denominational place of worship until 1950. The former church was then used for entertainment purposes, as a post office and as a naval school, before it was taken over and extensively renovated by the Exchange. It has been known since then as the ''Exchange Building'' or ''The Borsa''.<ref>Mahoney, Leonardo (1996). [http://www.amazon.com/years-architecture-Malta-Leonard-Mahoney/dp/9990958157 ''5,000 years of Architecture in Malta'']. [[Malta]]: [[Valletta]] Publishing. Format. p. 284. ISBN 9990958157. ISBN 9789990958157.</ref> The Exchange is located close to the Office of the Prime Minister at [[Auberge de Castille]] and the [[Upper Barrakka Gardens]].<ref>{{cite web|title=The Malta Stock Exchange Garrison Chapel Building|url=http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=128&Itemid=290|publisher=Malta Stock Exchange|archiveurl=https://web.archive.org/web/20140826162608/http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=128&Itemid=290|archivedate=26 August 2014}}</ref><ref>http://www.talhandaqnostalgia.org/memoirs/history.htm</ref>
In 1999, the Exchange moved into the former Garrison Chapel building in Castille Square, Valletta. This iconic building was built in 1857 on the designs of T. M. Ellis, and was used as a multi-denominational place of worship until 1950. The former church was then used for entertainment purposes, as a post office and as a naval school, before it was taken over and extensively renovated by the Exchange. It has been known since then as the ''Exchange Building'' or ''The Borsa''.<ref>Mahoney, Leonardo (1996). [https://www.amazon.com/years-architecture-Malta-Leonard-Mahoney/dp/9990958157 ''5,000 years of Architecture in Malta'']. [[Malta]]: [[Valletta]] Publishing. Format. p. 284. {{ISBN|9990958157}}. {{ISBN|9789990958157}}.</ref> The Exchange is located close to the Office of the Prime Minister at [[Auberge de Castille]] and the [[Upper Barrakka Gardens]].<ref>{{cite web|title=The Malta Stock Exchange Garrison Chapel Building|url=http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=128&Itemid=290|publisher=Malta Stock Exchange|archive-url=https://web.archive.org/web/20140826162608/http://www.borzamalta.com.mt/index.php?option=com_content&view=article&id=128&Itemid=290|archive-date=26 August 2014}}</ref><ref>{{cite web|url=http://www.talhandaqnostalgia.org/memoirs/history.htm|title=Malta Service Schools History|website=www.talhandaqnostalgia.org|access-date=14 April 2018}}</ref>


In 2013, the Exchange achieved Designated Offshore Securities Market status by the [[U.S. Securities and Exchange Commission]] complementing the [[HM Revenue and Customs]] recognition that had been obtained from the UK authorities in 2005.
In 2013, the Exchange achieved Designated Offshore Securities Market status by the [[U.S. Securities and Exchange Commission]] complementing the [[HM Revenue and Customs]] recognition that had been obtained from the UK authorities in 2005.
Line 38: Line 41:


* Admittance to listing on the MSE Main list or Alternative Companies List, subject to approval by the Maltese Regulator, the MFSA. Listed instruments have full passporting rights within the EU. Listed companies can their instruments traded on their own national exchange, within the EU, or on the Malta Stock Exchange.
* Admittance to listing on the MSE Main list or Alternative Companies List, subject to approval by the Maltese Regulator, the MFSA. Listed instruments have full passporting rights within the EU. Listed companies can their instruments traded on their own national exchange, within the EU, or on the Malta Stock Exchange.
* Secondary market trading: The Secondary market is mostly domestic, with 14 Maltese Members and 1 International Member trading on the Exchange’s [[Xetra (trading system)|Xetra platform]]. This platform is operated remotely from the Deutsch Bourse, in Frankfurt, and allows connectivity to the MSE by any of the 4,500+ traders who also connect to the Xetra platform around the world.
* Secondary market trading: The Secondary market is mostly domestic, with 14 Maltese Members and 1 International Member trading on the Exchange's [[Xetra (trading system)|Xetra platform]]. This platform is operated remotely from the Deutsche Börse, in Frankfurt, and allows connectivity to the MSE by any of the 4,500+ traders who also connect to the Xetra platform around the world.
* [[Central Securities Depository]] services (CSD): The Depository services are mainly shareholder and bondholder register administration, for public as well as private companies, clearing and settlement processing relating to the trading platform, and custodial services. The CSD also offers registrar services in respect of IPOs.
* [[Central Securities Depository]] services (CSD): The Depository services are mainly shareholder and bondholder register administration, for public as well as private companies, clearing and settlement processing relating to the trading platform, and custodial services. The CSD also offers registrar services in respect of IPOs.
* Prospects, an SME-oriented capital market: This market, which is a [[multilateral trading facility]] (MTF) regulated by the MSE, allows SMEs in Malta and overseas to raise capital through equity or bond issues in a cost-effective and timely manner under a lighter regulatory framework. It primarily targets issues of under €5 million.
* Prospects, an SME-oriented capital market: This market, which is a [[multilateral trading facility]] (MTF) regulated by the MSE, allows SMEs in Malta and overseas to raise capital through equity or bond issues in a cost-effective and timely manner under a lighter regulatory framework. It primarily targets issues of under €5 million.
* Institutional Financial Securities Market (IFSM), the first Maltese wholesale securities market authorised in terms of the Wholesale Markets' listing rules issued by the Listing Authority. The IFSM admits asset backed securities, debt securities, insurance linked notes, convertible debt securities and derivative securities. The fee structure is very cost effective and the IFSM offers increased flexibility to meet the needs of issuers and institutional investors.


The Malta Stock Exchange is Malta's [[national numbering agency]], issuing [[ISIN]]s in respect of all securities issued in Malta.
The Malta Stock Exchange is Malta's [[national numbering agency]], issuing [[ISIN]]s in respect of all securities issued in Malta.
Line 50: Line 54:
*Federation of European Securities Exchanges (FESE)
*Federation of European Securities Exchanges (FESE)
*[[European Central Securities Depositories Association]] (ECSDA)
*[[European Central Securities Depositories Association]] (ECSDA)
*[[International Organisation of Securities Commissions]] (IOSCO)
*[[International Organization of Securities Commissions]] (IOSCO)
*Association of National Numbering Agencies (ANNA)
*Association of National Numbering Agencies (ANNA)

== See also ==

* [[List of companies listed on the Malta Stock Exchange]]


==Further reading==
==Further reading==
*{{cite book|title=The Upper Barracca Gardens and the Garrison Chapel|date=2002|publisher=Malta Stock Exchange|location=[[Valletta]]|oclc=54458185|isbn=9789993201878}}
*{{cite book|title=The Upper Barracca Gardens and the Garrison Chapel|date=2002|publisher=Malta Stock Exchange|location=[[Valletta]]|oclc=54458185|isbn=9789993201878}}
*[https://books.google.com.mt/books?id=7LD9V5SMiGIC&pg=PA254 Book]
*[https://books.google.com/books?id=7LD9V5SMiGIC&pg=PA254 Book]
*[https://fittex.mt/borza-ta-malta/ About the Malta Stock Exchange (Borża ta’ Malta)]


==References==
==References==
{{commonscat|Malta Stock Exchange}}
{{Commons category|Malta Stock Exchange}}
{{reflist}}
{{Reflist}}


==External links==
==External links==
* [http://www.borzamalta.com.mt/ Malta Stock Exchange Web site]
*{{Official|http://www.borzamalta.com.mt/}}

{{Malta topics}}
{{Malta topics}}
{{World Federation of Exchanges}}
{{World Federation of Exchanges}}
{{Valletta}}
{{Valletta}}
{{Authority control}}


⚫
[[Category:Economy of Malta]]
⚫
[[Category:Defunct schools in Malta]]
⚫
[[Category:Stock exchanges in Europe]]
[[Category:1992 establishments in Malta]]
[[Category:1992 establishments in Malta]]
[[Category:19th-century churches in Malta]]
[[Category:Buildings and structures in Valletta]]
[[Category:Buildings and structures in Valletta]]
⚫
[[Category:Defunct schools in Malta]]
⚫
[[Category:Economy of Malta]]
[[Category:Financial services companies established in 1992]]
[[Category:Former churches in Malta]]
[[Category:Former churches in Malta]]
[[Category:Former post office buildings]]
[[Category:Former post office buildings]]
[[Category:Office buildings in Malta]]
[[Category:Post office buildings in Malta]]
[[Category:Post office buildings in Malta]]
⚫
[[Category:Stock exchanges in Europe]]

Latest revision as of 06:50, 8 November 2024

The Malta Stock Exchange (Maltese: Borża ta' Malta), known as the Borża ta' Malta, is the stock exchange of the island nation of Malta. Since being set up in 1992, the Exchange has been key to the raising of capital for the private sector through the issue of corporate bonds and equity while virtually all the national debt of Government of Malta has been issued in the form of Malta Government bonds and treasury bills that are listed and traded on the secondary market.

35°53′42″N 14°30′42″E / 35.89500°N 14.51167°E / 35.89500; 14.51167

Malta Stock Exchange
Borża ta' Malta
TypeStock exchange
LocationValletta, Malta
Coordinates35°53′42″N 14°30′42″E / 35.89500°N 14.51167°E / 35.89500; 14.51167
FoundedJanuary 8, 1992 (1992-01-08)
Key peopleChairman - Joseph Portelli, CEO - Simon Zammit
CurrencyEUR, GBP, US$
Websitewww.borzamalta.com.mt

The investor base consists of over 75,000 individual investors, which is a significant number given Malta's economic size (GDP €8,796 million in 2015) and population (434,403 in 2016). The focus of the Malta Stock Exchange is to continue to develop and support the domestic market whilst attracting international companies to list on the Exchange, and enjoy the passportability within the EU that this brings. It has also invested heavily in the use of technology and uses the Xetra trading platform.

The chairman of the board of the Malta Stock Exchange is Joseph Portelli, and the chief executive officer is Simon Zammit.

On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission.

History

[edit]
Emblem of the Malta Stock Exchange

The Exchange was established with the enactment of the Malta Stock Exchange Act in 1990, and commenced trading operations on 8 January 1992.[1] The Central Bank of Malta was originally appointed as the supervisor of the Exchange,[2] a role now assumed by the Malta Financial Services Authority (MFSA).

In 1999, the Exchange moved into the former Garrison Chapel building in Castille Square, Valletta. This iconic building was built in 1857 on the designs of T. M. Ellis, and was used as a multi-denominational place of worship until 1950. The former church was then used for entertainment purposes, as a post office and as a naval school, before it was taken over and extensively renovated by the Exchange. It has been known since then as the Exchange Building or The Borsa.[3] The Exchange is located close to the Office of the Prime Minister at Auberge de Castille and the Upper Barrakka Gardens.[4][5]

In 2013, the Exchange achieved Designated Offshore Securities Market status by the U.S. Securities and Exchange Commission complementing the HM Revenue and Customs recognition that had been obtained from the UK authorities in 2005.

Services

[edit]
Garrison Church, now Stock Exchange, as seen from the back

The Malta Stock Exchange offers the following services:

  • Admittance to listing on the MSE Main list or Alternative Companies List, subject to approval by the Maltese Regulator, the MFSA. Listed instruments have full passporting rights within the EU. Listed companies can their instruments traded on their own national exchange, within the EU, or on the Malta Stock Exchange.
  • Secondary market trading: The Secondary market is mostly domestic, with 14 Maltese Members and 1 International Member trading on the Exchange's Xetra platform. This platform is operated remotely from the Deutsche Börse, in Frankfurt, and allows connectivity to the MSE by any of the 4,500+ traders who also connect to the Xetra platform around the world.
  • Central Securities Depository services (CSD): The Depository services are mainly shareholder and bondholder register administration, for public as well as private companies, clearing and settlement processing relating to the trading platform, and custodial services. The CSD also offers registrar services in respect of IPOs.
  • Prospects, an SME-oriented capital market: This market, which is a multilateral trading facility (MTF) regulated by the MSE, allows SMEs in Malta and overseas to raise capital through equity or bond issues in a cost-effective and timely manner under a lighter regulatory framework. It primarily targets issues of under €5 million.
  • Institutional Financial Securities Market (IFSM), the first Maltese wholesale securities market authorised in terms of the Wholesale Markets' listing rules issued by the Listing Authority. The IFSM admits asset backed securities, debt securities, insurance linked notes, convertible debt securities and derivative securities. The fee structure is very cost effective and the IFSM offers increased flexibility to meet the needs of issuers and institutional investors.

The Malta Stock Exchange is Malta's national numbering agency, issuing ISINs in respect of all securities issued in Malta.

Membership

[edit]

The MSE is a member of:

See also

[edit]

Further reading

[edit]
  • The Upper Barracca Gardens and the Garrison Chapel. Valletta: Malta Stock Exchange. 2002. ISBN 9789993201878. OCLC 54458185.
  • Book
  • About the Malta Stock Exchange (Borża ta’ Malta)

References

[edit]
Wikimedia Commons has media related to Malta Stock Exchange.
  1. ^ "About the MSE". Malta Stock Exchange. Archived from the original on 24 September 2014.
  2. ^ "The History of the Central Bank of Malta". Central Bank of Malta. Archived from the original on 12 July 2014.
  3. ^ Mahoney, Leonardo (1996). 5,000 years of Architecture in Malta. Malta: Valletta Publishing. Format. p. 284. ISBN 9990958157. ISBN 9789990958157.
  4. ^ "The Malta Stock Exchange Garrison Chapel Building". Malta Stock Exchange. Archived from the original on 26 August 2014.
  5. ^ "Malta Service Schools History". www.talhandaqnostalgia.org. Retrieved 14 April 2018.
[edit]
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Malta_Stock_Exchange&oldid=1256105778"