Offshore exchanges

International Finance centres such as Luxembourg and Ireland have attracted fund promoters with their well-established stock exchanges with which to promote fund distribution. Ireland in particular has stock exchange links going back to 1793. However in recent years a slew of the smaller centres have set up their own exchanges in an effort to end this hegemony. Bermuda has had an exchange since 1971. Malta set one up in 1992, the Cayman Islands and the Channel Islands have set up exchanges in the last three years and the Bahamas is in the process of setting one up. The importance of actual...