Euronext Dublin

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Euronext Dublin
Irish Stock Exchange Logo.jpg
Founded 1793
Headquarters Dublin, Ireland
Key People Deirdre Somers, Chief Executive
Website http://www.ise.ie/

Euronext Dublin began in 1793 as The Irish Stock Exchange (ISE), an important component of the financial infrastructure of Ireland.[1] The exchange is powered by Xetra and EuroNTS and is regulated by the Financial Regulator (officially the Irish Financial Services Regulatory Authority). It trades equities on Xetra and government bonds on EuroNTS and is one of the leading venues for listing debts and funds in Europe. It has over 31,000 securities listed on its markets from 80 countries around the world.[2]

The ISE was acquired by Euronext in March of 2018 in a deal worth €137 million[3] and the exchange was rebranded as Euronext Dublin, with Deirdre Somers, formerly CEO of the ISE, as chief executive officer of the business.[4]

The exchange is currently number one in the world for listed funds and number two for debt funds.[5]


History

Although it began in 1793, the Irish Stock Exchange was first recognized by legislation in 1799 after the Irish Parliament passed the Stock Exchange (Dublin) Act.[6] The ISE included various regional exchanges, such as the Cork and Dublin exchanges, throughout different periods in its history. In 1973, the Irish exchange merged with the other British and Irish stock exchanges and became part of the International Stock Exchange of Great Britain and Ireland, now known as the London Stock Exchange. The ISE became independent again in 1995 and has expanded internationally and established itself as a global listing center for international fund and debt securities.[7]

The first listed fund made its debut on the Irish Stock Exchange in 1990; the first debt fund listed in 2000. The ISE became an independent market once again in 1995 after more than two decades as part of the London Stock Exchange.

Exchange for Aviation-Related Debt

In January 2014, the ISE announced plans to create an exchange for aviation-related debt. The exchange opened at a time when carriers were looking for alternative methods to fund their fleets while still conserving cash.[8] The created exchange will trade aviation-related debt among other instruments. The ISE planned on becoming an international hub for aviation finance assets as the aviation industry's demand for non-traditional sources of finance grew.[9]

Products and Services

Equity & ISEQ Index

Partnerships and Alliances

The Irish Stock Exchange and the Shanghai Stock Exchange (SSE) signed a Memorandum of Understanding (MOU) in November 2014 with the goal of developing a mutually beneficial relationship between the exchanges.

Key People

  • Deirdre Somers, Chief Executive
  • Padraic O'Connor, Co-opted Director (Chairman)
  • Kevin Murphy, Co-opted Director
  • John Corrigan, Co-opted Director
  • Gary Britton, Co-opted Director[10]

References

  1. Exchange Profile. Irish Stock Exchange.
  2. ISE Signs Memorandum of Understanding with Shanghai Stock Exchange. MondoVisione.
  3. Irish Stock Exchange sold to Euronext. Independent Business Irish.
  4. Irish Stock Exchange Sold to Euronext. RTE.
  5. Taking stock of the man who put Ireland's exchange on global map. The Independent (Ireland).
  6. Pre-Union Irish Statutes Affected. Irish Statute Book.
  7. Tom Healy. Independent.ie.
  8. Irish Stock Exchange to Introduce Market for Aviation Funding. Bloomberg Businessweek.
  9. Irish Stock Exchange plans to list aviation debt in new departure. Independent.ie.
  10. Corporate Information. Irish Stock Exchange.