Business Irish

Monday 28 May 2018

Irish Stock Exchange reports record levels of trading in 2015

Deirdre Someres, ISE chief executive
Deirdre Someres, ISE chief executive
Michael Cogley

Michael Cogley

Trading on the Irish Stock Exchange reached record levels last year as profits at the firm increased by 25pc to €6.7m.

Revenue rose by 12pc to €27.8m as the exchange boosted its headcount by 20pc to facilitate its growth.

The vast majority (70pc) of the ISE's revenue came from international business lines. Elsewhere the company grew its total assets by 17pc to €59.8m.

With 34,304 securities listed on the ISE's markets at the end of 2015, the ISE was also named by the World Federation of Exchanges as the leading exchange for listing bonds and investment funds at the end of the year. ISE chief executive Deirdre Somers said the growth in profits represents an exceptional year for the exchange.

"We remain confident of our ability to expand our Irish and international businesses in the coming years and have increased our staff numbers and are investing in our corporate headquarters to facilitate this," Ms Somers said.

She played down the risk of fallout from the Brexit vote. "While the recent decision by the UK to leave the EU presents some risks to our business it also presents some opportunities and we are confident about our future outlook."

Irish Independent

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