New name will reflect local exchange's broader reach
THE Channel Islands Securities Exchange has announced plans to rebrand as The International Stock Exchange in a couple of weeks' time.
The move also includes having a presence in the Isle of Man and reflects the more diverse approach the exchange has pursued in the past couple of years.
'The business has been developing very well over the last few years, with both an increased and more diversified flow of new listings, but our longer term strategy for growth is based on continuing to expand our international footprint,' said chairman Jon Moulton.
'We already have business coming to us from many different parts of the world.
'Also, last year we made changes so that listing sponsors no longer have to be based in the Channel Islands but can be from further afield and we signed a memorandum of understanding with the Bermuda Stock Exchange to explore opportunities for working together.
'This is the next phase of the longer-term strategy for the business and we believe now is the right time to reflect that through a change in name.'