Dublin stock exchange posts record number of share transactions amid new IPOs

In its review of 2014, the Dublin exchange said transactions in the equity market rose to 4.5m trades for the year, with the ISEQ Overall Index delivering a 15pc gain during the year.

That compares with equity transaction growth of 42pc in 2013 and an ISEQ performance gain of 34pc.

Deirdre Somers, ISE chief executive, said 2014 was a landmark year for the Irish Stock Exchange.

“We added over 7,000 new debt listings and 1,600 new fund classes during 2014, finishing the year with more than 32,000 securities, representing over 4,500 issuers located in 85 countries,” she said.

“Transactions in the Irish equity market grew by 30pc in 2014, to a record high 4.5m trades for the year, maintaining the ISE’s position as the dominant pool of liquidity for Irish equities.” Ms Somers also said that ISE’s transition to a PLC during the year reflected the ambitious, diverse international business that the stock exchange has become.

Other key highlights of the year include:

* Three new IPOs including Dalata, which raised €265m, Irish Residential Properties REIT, raising €200m and Mainstay Medical, raising €18m.

* The ISE cut clearing fees by 50pc to stimulate further growth in the Irish equity market, successfully migrated to a shorter settlement cycle to enhance market efficiency.

* The exchange also began an extensive recruitment programme late last year aimed at increasing staff by 10pc to manage strong growth in new business volumes.

* New debt listings included the Republic of Kenya and Sky Television.

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