Local exchange is a ‘beacon of certainty’
BREXIT is having a part to play in bumper half-year figures for the Guernsey-based International Stock Exchange, according to a Jersey lawyer.
The exchange, which rebranded earlier this year, has reported a 45% rise in listings in the first six months of 2017 and is seeing a number of migrations from other exchanges which are subject to the EU’s Market Abuse Regulation.
Daniel Richards, Jersey-based partner at Ogier, said that Brexit would have had an impact on those figures too.
‘The shadow of Brexit hangs over much of what we see in terms of current trends in international investment activity, and albeit that TISE’s position outside of the UK and the EU is not directly affected by the UK’s decision to leave the EU, it has had an impact,’ he said.