Guernsey’s Int’l Stock Exchange sees 45% jump in listings in 2017

The International Stock Exchange saw a 45% jump in listings in the first six months of this year, to 2,411 listed entities, during which period it also opened an Isle of Man office and re-branded.

In a statement, TISE said the total value of all its listed securities increased by £6bn, or 1.7%, to reach £399bn at the end of June.

As reported, the Channel Islands Securities Exchange announced in February that it would re-brand as The International Stock Exchange, or TISE, as it looked to leverage its international focus and composition.  Founded and headquartered in Guernsey, it opened an office in Jersey in 2015.

Also in the first six months of this year, it gained its first Isle of Man-based company, IQE Securities Sponsor Services, and was formally recognised by Germany’s financial services regulator, BaFin, which means that German mutual funds may now invest into TISE-listed securities.

 

Other fist-half of 2017 listings included the financial services business PraxisIFM Group Ltd.

TISE chief executive Fiona Le Poidevin said companies were interested in the exchange’s offering, “which sits outside the European Union”, because this enables it to “provide a regulatory regime which is robust but also proportionate to the needs of our issuers”.

“This has proved particularly important, for instance, in the case of high yield bonds,” she added.

 

“At the same time, Brexit has played a part in increasing investment into UK property through the REIT regime, and we are seeing an increase in these listings.”

The International Stock Exchange and its predecessor, the Channel Islands Securities Exchange, had their origins in an earlier entity  known as the Chanel Islands Stock Exchange, or CISX, which had been founded in 1998, but which ran into some difficulties around 2013. That year it was restructured and rebranded as the CISE, overseen by Guernsey resident and exchange chairman Jon Moulton, the founder of the London-based Better Capital private equity/venture capital firm.

It specialises in listing investment vehicles, including open- and closed-ended fund structures, as well as international debt securities.

Last year it agreed to explore ways of joining forces with the Bermuda Stock Exchange, in line with a global trend for stock exchanges to form alliances.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

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