Gibraltar stock exchange idea resurfaces with renewed investor interest

Gibraltar needs a stock exchange to take it to the “next level” in its development as a financial centre for the hedge fund industry, declares Rafael Benzaquen, chief executive at law firm Benzaquen & Associates.

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The idea of a stock exchange for the territory is not new. The idea has been knocked around but so far has failed to gain traction, mainly, according to Benzaquen, because the right kind of model that is both sustainable and profitable has not yet been found.

While his ideas for an exchange are not quite finalised, he is optimistic that something could get off the ground in 2010. He hints money has already been committed and investors are just waiting to refine the model.

One of the problems of

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