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The International Stock Exchange

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The International Stock Exchange
TISE
TypeStock exchange
LocationSt. Peter Port, Channel Islands
FoundedDecember 2013 (2013-12)
OwnerThe International Stock Exchange Group Limited
Key peopleCharlie Geffen, Chair Cees Vermaas, CEO
CurrencyGBP
No. of listings3,500
Market cap£500 billion
WebsiteTISE

The International Stock Exchange (TISE) is a stock exchange headquartered in St. Peter Port, Guernsey.[1] 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.

Licensing

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.[2]

Jurisdictions

Listings

The exchange lists a wide range of securities:

As on June 2016 there were over 2,000 listings with a total market capitalisation in excess of £300 billion.[6]

International recognition

Recognition of the TISE:[7]

History

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.[8]

An office was opened in Jersey in February 2015.[9]

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.[10]

December 2016 saw a world-first with a listing on CISE of a global bitcoin fund.[11]

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.[12] In March 2017 the rebranding was completed and an office was opened in the Isle of Man.[3]

See also

References

  1. ^ Expat Money. "Channel Islands Stock Exchange rebranded and relaunched". Telegraph. Retrieved 2014-01-29.
  2. ^ "Search on for new CEO for re-launched Guernsey securities exchange". International Adviser. 2014-02-27. Retrieved 2014-03-12.
  3. ^ a b "Carolyn Gelling to lead new stock exchange company". IOMtoday. 9 March 2017.
  4. ^ "The International Stock Exchange". Jersey Finance.
  5. ^ "Channel Islands Securities Exchange - CISE introduces the SPAC as a new product". www.cisx.com. Archived from the original on 2015-12-22. Retrieved 2015-12-17.
  6. ^ "About the CISE". CISE.
  7. ^ "International Recognition". Retrieved 12 November 2015.
  8. ^ "BBC News - Channel Islands Stock Exchange relaunches under new name". Bbc.co.uk. 2013-12-27. Retrieved 2014-01-29.
  9. ^ "CISE opens Jersey office". blglobal.co.uk. Retrieved 2015-12-17.
  10. ^ "'Significant milestone' as CISE lists on own exchange". Guernsey Press. 24 June 2016.
  11. ^ "Global bitcoin fund lists on CISE". ftse global markets. 19 December 2016.
  12. ^ "New name will reflect local exchange's broader reach". Guernsey Press. 13 February 2017.