In this article, CEO Cees Vermaas talks private markets, PISCES and public markets with Lars Mucklejohn, City Correspondent for Financial News. 

With the UK's planned delivery of the Private Intermittent Securities and Capital Exchange System (PISCES) in May 2025, Cees is among several leading industry commentators discussing what this means for the private markets, as well as the impact on public listings.

The article notes that TISE, which is best known for bond trading, last year launched a platform called TISE Private Markets which facilitates the trading of shares in private companies. It is geared towards firms that want to avoid expensive brokers and to be able to control who owns their shares. 

There is a market of some 19,000 UK private companies with more than 100 employees. 

"The UK is a private market economy," Cees said. 

The article noted that the first firm to join TISE Private Markets was Blue Diamond Limited, the biggest garden centre group in the UK and Channel Islands, and that a second company was being onboarded and five or six more are in the pipeline to join over the coming months. 

To read the article in full, visit the Financial News website here.