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Putting you  in control

An innovative, integrated service providing your company with tailored electronic trading, settlement & registry solutions

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Case study

Find out why Blue Diamond joined TISE Private Markets

Case study

How does it work?

Why TISE Private Markets?

Company controlled marketplace

  • An invitation-only approach ensures you maintain full control of your shareholder base
  • Concentrate liquidity through tailored auctions which can be scheduled to meet demand
  • Use our online tools to conveniently manage share transfers and shareholder records

Bespoke auction model

  • The auction model supports market liquidity by bringing together all buy and sell orders to maximise the volume traded
  • A single auction price reduces volatility over time, inspiring market confidence
  • A transparent order book with enhanced price formation encourages greater participation

Seamless Electronic Settlement

  • Our model requires buyers to pre-fund their orders, which mitigates counterparty risk
  • Electronic transfer of cash and shares provides seamless and efficient settlement
  • Register of shareholders automatically updates to reflect auction results

 

 

A solution for pre-emption rights

  • You can tailor the auction algorithm to prioritise existing shareholders, protecting them against dilution from new entrants
  • Setting a minimum investment threshold ensures commitment from new entrants, who benefit from being able to build their stake over several auctions

All-inclusive, annual subscription fee

  • Certainty is provided by an all-inclusive, annual fee, tailored to your market with the option to subscribe to additional services
  • Direct company-shareholder model reduces costs by removing the need for expensive intermediaries, including brokers
  • With no transaction or custody fees or other commissions, you keep control of costs

Safe and secure

  • The convenience of a cloud-based service built and maintained in line with best practice cyber security standards to reassure you that your data is safe
  • Delivered by an established market operator with a strong track record in capital markets, we are ideally positioned to assist your journey in the private markets

 

 

 

How do I join?

FAQs

Joining

What are the requirements for companies to join?

TISE Private Markets provides an attractive solution for a range of companies, for example, companies which have recently delisted from a public market, family-owned businesses looking for succession but seeking to retain an element of control and employee-owned businesses currently operating internal markets for their shareholders.

To join TISE Private Markets, companies must be established in the Channel Islands, Isle of Man or UK and have a proven track record of profitability. TISE Private Markets is not suitable for early stage investments and companies must have a market capitalisation of at least £10 million.

To find out more about how TISE Private Markets might help your company, contact a member of our TISE Private Markets team to discuss your requirements.

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What is the cost for companies to join?

TISE Private Markets provides the certainty of an all-inclusive, annual subscription fee which is tailored according to the company’s requirements. There are no transaction or custody fees or other commissions for the company or shareholders. This provides a more cost-effective and efficient option than would traditionally be the case.

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Can I arrange a demo?

Complete the form on the Contact Us page and a member of our TISE Private Markets team will contact you to arrange a demo.

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Trading

How does the auction trading process work?

Auction trading provides a transparent and fair method to define the market price for less frequently traded shares. All orders trade at a single auction price which maximises the volume traded based on all buy and sell orders. Orders are filled based on price-time priority.

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Can I maintain pre-emption rights for existing shareholders?

Yes. Companies can elect to use a standard algorithm or a pre-emption algorithm for their auctions

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How does share and cash settlement take place?

Shareholders must fund their orders at least two days prior to the auction closing. Pre-funding orders facilitates seamless electronic settlement of cash (and consequently shares). Share settlement takes place electronically and the share register is updated automatically.

With a substantially reduced settlement period compared to traditional methods, TISE Private Markets’ unique settlement solution mitigates counterparty and failed trade risks, facilitates more frequent trading events and reduces the administration involved.

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Who can invest in companies on TISE Private Markets?

The company retains full control of its own dedicated market. Only shareholders and third parties approved by the company can access the company’s market and participate in auctions. Access to TISE Private Markets is subject to the verification of certain details, including users’ identities and addresses. TISE may refuse or suspend user access to TISE Private Markets.

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Can a company use TISE Private Markets to raise capital?

No. TISE Private Markets does not operate in the same way as a public market. Investments in private companies are not listed or traded on a public market such as TISE. As there is no offer to the public and no public trading, companies on TISE Private Markets are not required to seek approval from a regulatory authority for a prospectus or listing document.

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Security

Is TISE Private Markets secure?

TISE Private Markets is a cloud-based service built and maintained in line with the best practice cyber security standards. This includes regular updates and patching, strong firewalls, mandatory two-factor authentication, encryption and strict access control to ensure client information is protected.

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About

Who is TISE?

Built on a culture of responsiveness and innovation during the last 25 years, TISE provides financial markets and securities services to public and private companies. TISE is best known as one of Europe’s major professional bond markets.

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Who operates TISE Private Markets?

The International Stock Exchange Authority Limited, which is licensed by the Guernsey Financial Services Commission to operate an investment exchange under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. Legal and regulatory information: https://tisegroup.com/legal-and-regulatory/

Investments in private companies are not listed or traded on a public market such as TISE. As there is no offer to the public and no public trading, companies on TISE Private Markets are not required to seek approval from a regulatory authority for a prospectus or listing document.

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Are companies on TISE Private Markets listed or traded on a public stock exchange?

Investments in private companies are not listed or traded on a public market such as TISE. As there is no offer to the public and no public trading, companies on TISE Private Markets are not required to seek approval from a regulatory authority for a prospectus or listing document.

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