Speaking to members of the Whiteley Association last week, CISX chief executive Tamara Menteshvili outlined a number of opportunities and new markets.
Last year Guernsey-based CISX celebrated their thousandth listing and quadrupled the average number of new listings.
The exchange also introduced trading facilities for open-ended investment companies (OEICs) and Miss Menteshvili said 160 such funds had been listed as a result.
‘This will revolutionise the basis on which investment companies are going to service their clients and will attract funds to both islands,’ she said.
Inevitably, she said, this meant that the islands were poaching business away from other exchanges, such as Dublin, by providing an alternative exchange in the same time zone, but outside of the European Union in relation to the EU Savings Tax Directive.
‘That’s one reason why we saw such tremendous growth last year,’ she said.
