The Ireland Stock Exchange Group is to launch a bond sales exchange called the International Securities Market (ISM). The exchange will issue primary debt and is intended to be a competitor for London's Global Exchange Market. It will also allow emerging-market issuers without an EU listing to raise debt. The ISM hopes to leverage Ireland's reputation as a hub for bond secondary trading activity. The ISM announcement comes as the Financial Conduct Authority is considering the establishment of a wholesale bond multilateral trading facility in the capital.
The London Stock Exchange Group is to launch a bond sales exchange called the International Securities Market (ISM). The exchange will issue primary debt and is intended to be a competitor for Ireland's Global Exchange Market. It will also allow emerging-market issuers without an EU listing to raise debt. The ISM hopes to leverage London's reputation as a hub for bond secondary trading activity. The ISM announcement comes as the Financial Conduct Authority is considering the establishment of a wholesale bond multilateral trading facility in the capital.