Listing Growth Continues At CISX
Monday, March 07, 2011

357 new securities were admitted to the Official List of the Channel Islands' Stock Exchange (CISX) during 2010, the exchange has announced.

Since the launch of operations in October 1998, the Market Authority of the CISX has approved 3,800 listings, bringing the total market capitalization to above USD50bn.

Welcoming the exchange's success in the prior year, CISX CEO, Tamara Menteshvili, commented: “The Exchange has seen continued business growth in 2010 in difficult market conditions, with a further 357 securities admitted to the Official List last year, of which over 198 represents specialist debt securities. This important sector continues to develop together with the Exchange’s other niche markets such as alternative investment funds and structured funds.”

Based in St Peter Port, Guernsey, the CISX provides a listing facility and a bespoke trading platform with the aim of developing into the leading international stock exchange in the European time zone serving the interests of Channel Islands' businesses. The CISX concentrates on the following core products: Specialist Securities, including Eurobonds, Structured Debt, Warrants, Structured Funds and SPVs; Investment funds; Primary and secondary listings of securities and shares issued by Channel Islands' companies; Primary and secondary listings of securities and shares issued by overseas companies; and Channel Islands Depository Receipts (CIDRS).

Ogier continues to be the leading listing agent on the CISX, acting as listing agent to more securities than any other firm with a market share of 17.53% of all securities listed and remaining listed (to end December 2010). 

Ogier Corporate Finance Limited was a founding member of the CISX and has listed over 400 securities with a particular focus on Bonds and SPVs. At the end of last year, Ogier was the leading listing agent for Bonds and SPVs, with a market share of 41.85% for Bond listings and 32.64% for SPVs.

William Simpson, Managing Partner of Ogier Guernsey, added: “The CISX continues to play a pivotal role in the success of the finance industry in both Guernsey and Jersey. Our clients appreciate the benefits the CISX can offer and demand to list on the CISX continues unabated.”