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{{short description|Stock exchange operating in St. Peter Port, Guernsey}}
{{short description|Stock exchange operating in St. Peter Port, Guernsey}}
{{ad|date=June 2019}}
{{Use dmy dates|date=April 2022}}
{{Infobox exchange
{{Infobox exchange
|name = The International Stock Exchange
|name = The International Stock Exchange
|alt_name =
|alt_name = TISE
|logo =
|logo =
|image =
|image =
|type = [[Stock exchange]]
|type = [[Stock exchange]]
|city = [[St. Peter Port]]
|city = [[Saint Peter Port]]
|country = [[Channel Islands]]
|country = [[Guernsey]]<!--Channel Islands-->
|coor =
|coor =
|foundation = {{start date |2013|12}}
|foundation = {{start date|2013|12|20}}
|owner = The International Stock Exchange Group Limited
|owner = The International Stock Exchange Group Limited
|key_people =[[Jon Moulton]], Chairman
|key_people = {{Unbulleted list
|Andreson Whammond (Non-Executive Chair)
[[Stephen Lansdown]], Deputy Chairman
|Cees Vermaas ([[CEO]])
}}
|commodity =
|commodity =
|currency = [[Pound sterling|GBP]]
|currency = [[Pound sterling|GBP]]
|listings = 4,200+<ref>{{cite web|url=https://tisegroup.com/news/2024/tise-sets-new-records-during-25th-anniversary-year/ |title=TISE sets new records during 25th anniversary year|access-date=2024-02-16}}</ref>
|listings =2,200
|mcap =
|mcap =
|volume =
|volume =
Line 24: Line 26:
}}
}}


'''The International Stock Exchange''' ('''TISE''') is a [[stock exchange]] headquartered in [[St. Peter Port]], [[Guernsey]].<ref>{{cite web|author=Expat Money |url=https://www.telegraph.co.uk/finance/personalfinance/expat-money/10559016/Channel-Islands-Stock-Exchange-rebranded-and-relaunched.html |title=Channel Islands Stock Exchange rebranded and relaunched |publisher=Telegraph |date= |accessdate=2014-01-29}}</ref>
'''The International Stock Exchange''' ('''TISE''') is a [[stock exchange]] headquartered in [[St. Peter Port]], [[Guernsey]].<ref>{{cite web|author=Expat Money |url=https://www.telegraph.co.uk/finance/personalfinance/expat-money/10559016/Channel-Islands-Stock-Exchange-rebranded-and-relaunched.html |title=Channel Islands Stock Exchange rebranded and relaunched |date=9 January 2014 |publisher=Telegraph |access-date=2014-01-29}}</ref>
The TISE provides a responsive and innovative listing facility for international companies to raise capital from investors based around the globe. It offers a regulated marketplace, with globally recognisable clients and a growing product range, from a location within the European time zone but outside the EU.
TISE provides a listing facility for international companies to raise capital from investors worldwide. It offers a regulated marketplace, with globally recognisable clients and a growing product range, from within the European time zone but outside the EU.

==History==
⚫
TISE was launched on 20 December 2013 as the ''Channel Islands Securities Exchange'' (CISE) when the Royal Court of Guernsey approved an arrangement for it to acquire the business of the [[Channel Islands Stock Exchange]].<ref>{{cite web|url=https://www.bbc.co.uk/news/world-europe-guernsey-25510290 |title=BBC News - Channel Islands Stock Exchange relaunches under new name |publisher=Bbc.co.uk |date=2013-12-27 |access-date=2014-01-29}}</ref>

⚫
An office was opened in [[Jersey]] in February 2015.<ref>{{Cite web|title = CISE opens Jersey office|url = http://www.blglobal.co.uk/BusinessNews.aspx?id=cise-opens-jersey-office|website = blglobal.co.uk|access-date = 2015-12-17}}</ref>

⚫
In June 2016 the CISE listed its shares on its own exchange. The Channel Islands Securities Exchange Authority Limited 2,461,000 ordinary shares have a limited market at present.<ref>{{cite web |url=http://guernseypress.com/business/2016/06/24/significant-milestone-as-cise-lists-on-own-exchange/ |title='Significant milestone' as CISE lists on own exchange |publisher=Guernsey Press |date=24 June 2016}}</ref>

⚫
December 2016 saw a world-first with a listing on CISE of a global bitcoin fund.<ref>{{cite web |url=http://www.ftseglobalmarkets.com/news/global-bitcoin-fund-lists-on-cise.html |title=Global bitcoin fund lists on CISE |publisher=ftse global markets |date=19 December 2016}}</ref>

⚫
February 2017 saw an announcement that the exchange would rebrand as "The International Stock Exchange". The rules of the exchange having been recently changed to allow listing sponsors to be based in places other than in the [[Channel Islands]].<ref>{{cite web |url=http://guernseypress.com/news/2017/02/13/new-name-will-reflect-local-exchanges-broader-reach/ |title=New name will reflect local exchange's broader reach |publisher=Guernsey Press |date=13 February 2017}}</ref> In March 2017 the rebranding was completed and an office was opened in the Isle of Man.<ref name="IOM1">{{cite web |url=http://www.iomtoday.co.im/article.cfm?id=32400&headline=Carolyn%20Gelling%20to%20lead%20new%20stock%20exchange%20company&sectionIs=news&searchyear=2017 |title=Carolyn Gelling to lead new stock exchange company |publisher=IOMtoday |date=9 March 2017 |access-date=10 March 2017 |archive-date=12 March 2017 |archive-url=https://web.archive.org/web/20170312044209/http://www.iomtoday.co.im/article.cfm?id=32400&headline=Carolyn%20Gelling%20to%20lead%20new%20stock%20exchange%20company&sectionIs=news&searchyear=2017 |url-status=dead }}</ref>


==Licensing==
==Licensing==


The TISE is the trading name of '''The International Stock Exchange Group Limited'''. It wholly owns ''The Channel Islands Securities Exchange Authority Limited'' which trades as '''The International Stock Exchange Authority''' (TISEA) which is licensed to operate an investment exchange under ''The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended'', by the [[Guernsey Financial Services Commission]].<ref>{{cite web|url=http://www.international-adviser.com/news/europe/search-on-for-new-ceo-for-re-launched-guernsey |title=Search on for new CEO for re-launched Guernsey securities exchange |publisher=International Adviser |date=2014-02-27 |accessdate=2014-03-12}}</ref>
TISE is the trading name of '''The International Stock Exchange Group Limited'''. It wholly owns ''The Channel Islands Securities Exchange Authority Limited'', trading as '''The International Stock Exchange Authority''' (TISEA), which is licensed to operate an investment exchange under ''The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended'', by the [[Guernsey Financial Services Commission]].<ref>{{cite web|url=http://www.international-adviser.com/news/europe/search-on-for-new-ceo-for-re-launched-guernsey |title=Search on for new CEO for re-launched Guernsey securities exchange |publisher=International Adviser |date=2014-02-27 |access-date=2014-03-12}}</ref>


==Jurisdictional offices==
==Jurisdictional offices==
{{col-start}}
{{col-start}}
{{col-2}}
{{col-2}}
* [[Guernsey]] - Head office
* [[Guernsey]]
* [[Isle of Man]] <ref name=IOM1/>
* [[Isle of Man]]<ref name=IOM1/>
* [[Jersey]] <ref>{{cite web |url=https://www.jerseyfinance.je/member-directory/the-international-stock-exchange |title=The International Stock Exchange |publisher=Jersey Finance}}</ref>
* [[Jersey]]<ref>{{cite web |url=https://www.jerseyfinance.je/member-directory/the-international-stock-exchange |title=The International Stock Exchange |publisher=Jersey Finance}}</ref>
{{col-2}}
{{col-2}}

PO Box 623 Helvetia Court, Block B, Third Floor, Les Echelons,
St Peter Port, GY1 1AR Guernsey
{{col-end}}
{{col-end}}


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* Specialist debt securities for sophisticated investors, including the use of [[Special purpose entity|Special Purpose Vehicles (SPVs)]] and the Quoted [[Eurobond (international)|Eurobond]] Exemption for convertible bonds, intra-group financing, structured products and warrants
* Specialist debt securities for sophisticated investors, including the use of [[Special purpose entity|Special Purpose Vehicles (SPVs)]] and the Quoted [[Eurobond (international)|Eurobond]] Exemption for convertible bonds, intra-group financing, structured products and warrants
* There are specific rules for equities and corporate debt securities issued by extractive industries
* There are specific rules for equities and corporate debt securities issued by extractive industries
* [[Special-purpose acquisition company|Special Purpose Acquisition Companies (SPACs)]] were introduced in November 2015<ref>{{Cite web|title = Channel Islands Securities Exchange - CISE introduces the SPAC as a new product|url = http://www.cisx.com/content.php?pageid=756|website = www.cisx.com|accessdate = 2015-12-17|deadurl = yes|archiveurl = https://web.archive.org/web/20151222094642/http://www.cisx.com/content.php?pageid=756|archivedate = 2015-12-22|df = }}</ref>
* [[Special-purpose acquisition company|Special Purpose Acquisition Companies (SPACs)]] were introduced in November 2015<ref>{{Cite web|title = Channel Islands Securities Exchange - CISE introduces the SPAC as a new product|url = http://www.cisx.com/content.php?pageid=756|website = www.cisx.com|access-date = 2015-12-17|url-status = dead|archive-url = https://web.archive.org/web/20151222094642/http://www.cisx.com/content.php?pageid=756|archive-date = 2015-12-22}}</ref>


==Private marketing==
As on June 2016 there were over 2,000 listings with a total market capitalisation in excess of £300 billion.<ref>{{cite web |url=http://www.thecise.com/about/overview/ |title=About the CISE |publisher=CISE}}</ref>

TISE offers private, unlisted companies a method to trade shares through their 'TISE Private Markets' service,<ref>https://tiseprivatemarkets.com/ {{Bare URL inline|date=August 2024}}</ref> with electronic auction trading, settlement, and registry management.<ref>{{cite web|url=https://tisegroup.com/news/2024/tise-sets-new-records-during-25th-anniversary-year/ |title=TISE sets new records during 25th anniversary year |date=2024-01-18 |access-date=2024-02-16}}</ref>


==International recognition==
==International recognition==
Recognition of the TISE:<ref>{{cite web |url=http://www.cisx.com/content.php?pageid=272 |title=International Recognition |accessdate=12 November 2015}}</ref>
Recognition of the TISE:<ref>{{cite web |url=http://www.cisx.com/content.php?pageid=272 |title=International Recognition |access-date=12 November 2015}}</ref>
* On 20 December 2013, [[HM Revenue and Customs|HMRC]] deemed the Exchange a Recognised Stock Exchange under Section 1005 of the Income Tax Act 2007.
* The UK [[HM Revenue and Customs|HMRC]] deem the Exchange a Recognised Stock Exchange under Section 1005 of the Income Tax Act 2007.
* In December 2013, the Exchange was approved as an Affiliate Member of the [[International Organization of Securities Commissions]] IOSCO.
* The Exchange is approved as an Affiliate Member of the [[International Organization of Securities Commissions]] IOSCO.
* In December 2013 the Exchange was officially recognised by the [[Australian Securities Exchange]] ASX.
* The Exchange is officially recognised by the [[Australian Securities Exchange]] ASX.
* In March 2015, the Exchange became an Affiliate Member of the [[World Federation of Exchanges]] WFE.
* The Exchange is an Affiliate Member of the [[World Federation of Exchanges]] WFE.
* The [[U.S. Securities and Exchange Commission]] recognise the TISE as a Designated Offshore Securities Market.<ref name="R&M"/>
* The German [[Federal Financial Supervisory Authority]] recognise TISE as an Approved Stock Exchange.<ref name="R&M">{{cite web |title=Recognitions & Memberships |url=https://tisegroup.com/regulation/ |access-date=18 August 2022}}</ref>


==History==
== See also ==
⚫
It was launched on 20 December 2013 as the ''Channel Islands Securities Exchange'' (CISE) when the Royal Court of Guernsey approved an arrangement for it to acquire the business of the [[Channel Islands Stock Exchange]].<ref>{{cite web|url=https://www.bbc.co.uk/news/world-europe-guernsey-25510290 |title=BBC News - Channel Islands Stock Exchange relaunches under new name |publisher=Bbc.co.uk |date=2013-12-27 |accessdate=2014-01-29}}</ref>


⚫
* [[List of stock exchanges in the United Kingdom, the British Crown Dependencies and United Kingdom Overseas Territories]]
⚫
An office was opened in [[Jersey]] in February 2015.<ref>{{Cite web|title = CISE opens Jersey office|url = http://www.blglobal.co.uk/BusinessNews.aspx?id=cise-opens-jersey-office|website = blglobal.co.uk|accessdate = 2015-12-17}}</ref>

⚫
In June 2016 the CISE listed its own shares on its own exchange. The Channel Islands Securities Exchange Authority Limited 2,461,000 ordinary shares have a limited market at present.<ref>{{cite web |url=http://guernseypress.com/business/2016/06/24/significant-milestone-as-cise-lists-on-own-exchange/ |title=‘Significant milestone’ as CISE lists on own exchange |publisher=Guernsey Press |date=24 June 2016}}</ref>

⚫
December 2016 saw a world-first with a listing on CISE of a global bitcoin fund.<ref>{{cite web |url=http://www.ftseglobalmarkets.com/news/global-bitcoin-fund-lists-on-cise.html |title=Global bitcoin fund lists on CISE |publisher=ftse global markets |date=19 December 2016}}</ref>

⚫
February 2017 saw an announcement that the exchange would rebrand as "The International Stock Exchange". The rules of the exchange having been recently changed to allow listing sponsors to be based in places other than in the [[Channel Islands]].<ref>{{cite web |url=http://guernseypress.com/news/2017/02/13/new-name-will-reflect-local-exchanges-broader-reach/ |title=New name will reflect local exchange’s broader reach |publisher=Guernsey Press |date=13 February 2017}}</ref> In March 2017 the rebranding was completed and an office was opened in the [[Isle of Man]].<ref name="IOM1">{{cite web |url=http://www.iomtoday.co.im/article.cfm?id=32400&headline=Carolyn%20Gelling%20to%20lead%20new%20stock%20exchange%20company&sectionIs=news&searchyear=2017 |title=Carolyn Gelling to lead new stock exchange company |publisher=IOMtoday |date=9 March 2017}}</ref>


== References ==
== References ==
{{reflist|2}}
{{reflist|2}}

== See also ==
⚫
* [[List of stock exchanges in the United Kingdom, the British Crown Dependencies and United Kingdom Overseas Territories]]


==External links==
==External links==
{{Portal|Channel Islands|Isle of Man}}
* [http://www.cisx.com/ Official website]
* [http://www.cisx.com/ Official website]


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{{World Federation of Exchanges}}
{{World Federation of Exchanges}}


⚫
{{DEFAULTSORT:International Stock Exchange}}
[[Category:Financial services companies established in 2013]]
[[Category:2013 establishments in Guernsey]]
[[Category:2013 establishments in Guernsey]]
[[Category:Stock exchanges in Europe]]
[[Category:Stock exchanges in Europe]]
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[[Category:Economy of the Isle of Man]]
[[Category:Economy of the Isle of Man]]
[[Category:Organisations based in Guernsey]]
[[Category:Organisations based in Guernsey]]

⚫
{{DEFAULTSORT:International Stock Exchange}}

{{stockexchange-stub}}
{{stockexchange-stub}}

Latest revision as of 15:15, 5 September 2024

The International Stock Exchange
TISE
TypeStock exchange
LocationSaint Peter Port, Guernsey
FoundedDecember 20, 2013 (2013-12-20)
OwnerThe International Stock Exchange Group Limited
Key people
  • Andreson Whammond (Non-Executive Chair)
  • Cees Vermaas (CEO)
CurrencyGBP
No. of listings4,200+[1]
WebsiteTISE

The International Stock Exchange (TISE) is a stock exchange headquartered in St. Peter Port, Guernsey.[2] TISE provides a listing facility for international companies to raise capital from investors worldwide. It offers a regulated marketplace, with globally recognisable clients and a growing product range, from within the European time zone but outside the EU.

History

[edit]

TISE was launched on 20 December 2013 as the Channel Islands Securities Exchange (CISE) when the Royal Court of Guernsey approved an arrangement for it to acquire the business of the Channel Islands Stock Exchange.[3]

An office was opened in Jersey in February 2015.[4]

In June 2016 the CISE listed its shares on its own exchange. The Channel Islands Securities Exchange Authority Limited 2,461,000 ordinary shares have a limited market at present.[5]

December 2016 saw a world-first with a listing on CISE of a global bitcoin fund.[6]

February 2017 saw an announcement that the exchange would rebrand as "The International Stock Exchange". The rules of the exchange having been recently changed to allow listing sponsors to be based in places other than in the Channel Islands.[7] In March 2017 the rebranding was completed and an office was opened in the Isle of Man.[8]

Licensing

[edit]

TISE is the trading name of The International Stock Exchange Group Limited. It wholly owns The Channel Islands Securities Exchange Authority Limited, trading as The International Stock Exchange Authority (TISEA), which is licensed to operate an investment exchange under The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, by the Guernsey Financial Services Commission.[9]

Jurisdictional offices

[edit]

Listings

[edit]

The exchange lists a wide range of securities:

Private marketing

[edit]

TISE offers private, unlisted companies a method to trade shares through their 'TISE Private Markets' service,[12] with electronic auction trading, settlement, and registry management.[13]

International recognition

[edit]

Recognition of the TISE:[14]

See also

[edit]

References

[edit]
  1. ^ "TISE sets new records during 25th anniversary year". Retrieved 16 February 2024.
  2. ^ Expat Money (9 January 2014). "Channel Islands Stock Exchange rebranded and relaunched". Telegraph. Retrieved 29 January 2014.
  3. ^ "BBC News - Channel Islands Stock Exchange relaunches under new name". Bbc.co.uk. 27 December 2013. Retrieved 29 January 2014.
  4. ^ "CISE opens Jersey office". blglobal.co.uk. Retrieved 17 December 2015.
  5. ^ "'Significant milestone' as CISE lists on own exchange". Guernsey Press. 24 June 2016.
  6. ^ "Global bitcoin fund lists on CISE". ftse global markets. 19 December 2016.
  7. ^ "New name will reflect local exchange's broader reach". Guernsey Press. 13 February 2017.
  8. ^ a b "Carolyn Gelling to lead new stock exchange company". IOMtoday. 9 March 2017. Archived from the original on 12 March 2017. Retrieved 10 March 2017.
  9. ^ "Search on for new CEO for re-launched Guernsey securities exchange". International Adviser. 27 February 2014. Retrieved 12 March 2014.
  10. ^ "The International Stock Exchange". Jersey Finance.
  11. ^ "Channel Islands Securities Exchange - CISE introduces the SPAC as a new product". www.cisx.com. Archived from the original on 22 December 2015. Retrieved 17 December 2015.
  12. ^ https://tiseprivatemarkets.com/ [bare URL]
  13. ^ "TISE sets new records during 25th anniversary year". 18 January 2024. Retrieved 16 February 2024.
  14. ^ "International Recognition". Retrieved 12 November 2015.
  15. ^ a b "Recognitions & Memberships". Retrieved 18 August 2022.
[edit]


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