Channel Islands Exchange Reports Strong 2016
by Jason Gorringe, Lowtax.net, London
11 January, 2017
The Channel Islands Securities Exchange (CISE) enjoyed a successful 2016 with 502 new listings during the year.
This represents an 18.7 percent increase on the previous year and took the total number of listings on the Exchange to 2,272 at the end of December 2016. During 2016, the market capitalization of all listed securities on the CISE increased by 10 percent to reach GBP393bn (USD477bn) at the end of the year.
During the year, the CISE played a part in what is understood to be the world's first listing of a regulated bitcoin fund.
Fiona Le Poidevin, CEO of the CISE, said: "It's great to see that we have built on our success in 2015 by substantially increasing new business again during 2016. What we have also seen is that the number of new listings has also increased markedly during the second half of the year, not least due to a number of Real Estate Investment Trusts (REITs) and high-yield bonds choosing to list on the CISE."
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