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Channel Islands Exchange Welcomes Positive Developments

by Amanda Banks, Lowtax.net, London
24 May, 2016

The Channel Islands Securities Exchange has seen further growth in new business and has been named as the top offshore stock exchange by a trade publication.

There were 104 new listings on the Exchange during the first quarter of the year, a rise of 13 percent on the same period last year. The market capitalization of all listings on the Exchange grew by three percent during the first three months of the year to reach GBP367bn (USD502bn) at the end of March.

In addition, the Exchange has been named "Best Independent Stock Exchange" by Acquisition International. The accolade was part of the publication's Offshore Excellence Awards 2016.

Fiona Le Poidevin, CEO of the Channel Islands Securities Exchange, said: "We're really pleased to have received this recognition, which comes after a successful 2015 and a very positive start to 2016 where new business is up 13 percent compared to a year ago."

"We are continuing to see increased diversification within our new business as a growing number of companies with equity quoted on the markets of the London Stock Exchange choose to list convertible bonds on the Channel Islands Securities Exchange due to our convenient and cost effective offering."

"We are also seeing greater interest from Guernsey- and Jersey-domiciled investment vehicles wishing to utilize a Channel Islands Securities Exchange listing to add substance to their local arrangements as well as more enquiries into niche products, such as Insurance Linked Securities (ILS) and Islamic finance."

"There has also been greater diversification in the geographical origin of our business, with an increasing proportion of our new listings coming from further afield. We are expecting that to continue as we raise the profile and visibility of our offering globally."

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