Reuters:
Traders seeking a break from volatile global markets may want to head to Bhutan’s bourse, where stocks are traded on just four computers — when they have not crashed — only twice a week.
“I’ve got one order to sell 2,820 shares,” said 23-year-old Deki Peldon, the only broker for today’s short trading hours in Thimphu, the capital of the tiny Himalayan kingdom.
“It’s taken 2 to 3 weeks to find a buyer.”
Welcome to the Royal Bhutan stock exchange, where just four brokers work and which will trade about $3 million shares this year, about what many financiers may deal with in the blink of an eye. The average daily trade in New York is more than 1 billion.
In a Buddhist country where national wealth is measured by Gross National Happiness — an idea that spiritual and environmental health are just as important as material well-being — the exchange is crawling slowly along as the country and its $1.3 billion economy tentatively embraces globalization. More










