Page last updated at 16:40 GMT, Wednesday, 29 October 2008

Study looks at Welsh stock market

Stock market screen
Traders could be buying and selling shares on a Welsh stock exchange

A research project to investigate creating a Welsh stock market has been backed by the assembly government.

Almost 13,000 will be provided for the work to see whether companies in Wales support the idea.

It is one of five grants worth some 67,000 from the assembly government to widen knowledge of the Welsh economy.

The man behind the scheme, Professor Robert Huggins, said smaller regional economies could benefit from a stock market which is not based in London.

First Minister Rhodri Morgan said the research projects could fill important gaps in Wales' knowledge base.

Prof Huggins, of the University of Wales Institute Cardiff (Uwic), said it could be cheaper for companies to be listed on a Welsh stock exchange than on a London exchange.

"At the moment floating on the Alternative Investment Market is very expensive maybe there is the possibility of producing something more cost-effective," he said.

"We need a lot more financial services in Wales and something like a stock exchange will form part of the natural infra-structure."

The grants were established on the recommendation of the assembly government's economic "think-tank" the Economic Research Advisory Panel.

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific