The International Stock Exchange (TISE) has set new records for revenue, profit and earnings per share during the first half of 2021.
The latest interim report from The International Stock Exchange Group (TISEG) shows revenue up 16.3% year-on-year to a record £4.7m, a 45.4% increase in post-tax profit to £2.4m, and an increase in basic earnings per share to 84.8p in the six months ended 30 June 2021.
Between the start of January and the end of June there were 507 securities listed on TISE – a 30% increase on the previous record set in 2020 – taking the total number of listed securities on TISE’s Official List to 3,431 at 30 June 2021.
Strategy focus
TISE’s strategy includes a focus on growing its share of the European professional bond market – it has recently launched a Qualified Investor Bond Market (QIBM) to strengthen its international bond listing proposition.
The launch of the QIBM has been supported by the introduction of the TISE Guarantee, which builds on the previous ‘3+2’ commitment by introducing ‘3+1’ guaranteed review timelines – reviewing listing applications within three business days of initial submission and within one business day of subsequent submissions.
A key part of TISE’s strategy for the development of its secondary markets and future growth is the implementation of a new price discovery and trading platform. Designed to operate on an auction basis, it has the ability to scale up and accommodate continuous trading if desired.
The system meets all functional requirements to deliver greater value to TISE’s current equity issuers, as well as offering new products and services to potential clients.
At the same time, TISE says, it continues to explore opportunities within the private markets.
Global status
TISE’s offering has also been enhanced by a growing range of international recognitions and memberships. TISE has joined the Association for Financial Markets in Europe, the International Capital Markets Association, and the UN Sustainable Stock Exchanges Initiative.
Cees Vermaas (pictured), CEO of TISEG, commented: “I am pleased with the progress we have made in executing the strategy in the first half of 2021.
"Alongside servicing our core business streams, we continue to develop our proposition as a major European professional bond market by diversifying our products and markets and scaling up our operations and distribution.
"We have laid the base for a more diversified and scalable business model, which puts us in an excellent position to make the most of the opportunities that emerge.”
• A copy of TISEG's interim report for the half year ended 30 June 2021 is available here