Sun shines for Channel Islands exchange as it claims 229 more listings in first half of 2016

William Turvill
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Daily Life On Jersey
Channel Islands Securities Exchange had 2,222 listed securities at the end of June (Source: Getty)

An independent Channel Islands exchange has reported 229 new listings in the first half of 2016.

The Channel Islands Securities Exchange (CISE) said this figure represented a 13 per cent increase on the same period last year and took its total number of listed securities to 2,222 at the end of June.

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“It is very noticeable that we are seeing increased diversification in the geographical origin of our business,” said chief executive Fiona Le Poidevin.

“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.

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“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.”

The exchange highlighted property company Raven Russia as an example, with the company listing on CISE to add to its quotation on the London Stock Exchange during the period.