Exchange listings go up 13% in 2016

Tuesday 20 September 2016

There were 229 new listings on the Channel Islands Securities Exchange (CISE) during the first half of 2016.

That's a rise of 13% on the same period last year and means the number of listed securities is 2,222 at the end of June 2016.

Fiona Le Poidevin, CEO of the CISE, said: “I’m delighted that once again we have seen significant growth in new listings. It is very noticeable that we are seeing increased diversification in the geographical origin of our business. An increasing proportion of new work is coming from further afield and we expect that trend to continue as we raise the profile and visibility of the CISE around the world.

“We are also seeing increased diversification in the types of new business. For example, a growing number of companies with equity quoted on the LSE are choosing to list convertible debt on the CISE due to our convenient and cost effective offering.

“Overall, I’m very pleased by our activity levels during the first half of the year, which culminated in our own listing on the Exchange.”

The period saw the Group’s parent company, The Channel Islands Securities Exchange Limited, admitted to the Official List of the Exchange operated and regulated by its wholly owned subsidiary, The Channel Islands Securities Exchange Authority Limited. 

“In addition, on 1 September, we updated our listing rules for investment business to ensure that they are fit for purpose in today’s environment. The revised rules have been expanded to encompass all types of investment vehicles and so I hope that this will facilitate a wider range of investment business coming to the Exchange in the future. This adds to the fact that already this year we’ve seen greater interest from Guernsey and Jersey domiciled investment structures wishing to utilise a CISE listing to add substance to their local arrangements whilst raising further capital.”