Fiona Le Poidevin, CEO of The International Stock Exchange Group (TISEG), looks at listing trends and latest developments at The International Stock Exchange (TISE).

There were 705 new listings on TISE during 2017, which was an increase of 203 (40%) on the previous year and took the total number of listed securities on the Exchange to 2,511 at the end of December.

This success has its roots in a number of changes we have made in previous years, including listing the parent company of the group on our own Exchange, increasing our marketing and business development activities, modernising the rules for listing both debt and investment vehicles and rebranding to The International Stock Exchange (TISE).

The rebrand reflects our wider ambitions for the future, as well as the fact that much of our existing business is global in nature, with investors from different parts of the world investing in a range of companies, including many with operations internationally.

"A mix of private and public, European and US companies…have chosen to list high yield bonds on TISE."

This includes in the high yield space, where 56 companies issued 71 high yield bonds which listed on TISE during 2017. The introduction of the Market Abuse Regulation (MAR) across the EU from July 2016 has resulted in some high yield migrations from Ireland and Luxembourg but predominantly, we are attracting new issuances. A mix of private and public, European and US companies, including such high profile names as Netflix, have chosen to list high yield bonds on TISE.

"A listing on TISE can enhance the distribution of a product."

TISE also received another international endorsement last year in receiving recognition from the German regulator, BaFin, which means that TISE-listed products are now eligible ‘listed’ investments for German insurance companies and mutual funds. Indeed, we have recently published a new report which showcases the way in which UCITS funds from all EEA jurisdictions can invest into TISE-listed entities. This is another demonstration of the way in which a listing on TISE can enhance the distribution of a product.

We are continually assessing new opportunities to enhance our offering and how we might grow the business in the future, including increasing the number of the trading companies which list on TISE.   

This article originally appeared in Jersey – First for Finance, April 2018.