Your own stock exchange in a box

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.

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.

Can I arrange a demo?

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

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.

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

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.

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.

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.

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.

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.

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.

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.