The International Stock Exchange (TISE) has launched so-called ’ market segments’ to its Official List with the aim of boosting the profile of listed trading companies.

Fiona Le Poidevin, chief executive officer of The International Stock Exchange Group (TISEG), said: ’We rebranded the Exchange in March from the Channel Islands Securities Exchange to The International Stock Exchange to reflect the fact that, unlike many other exchanges which principally serve their domestic markets, our business is very international in nature, in part, due to longstanding relationships with the global financial services industry.

’Historically the Exchange business did at one point include a number of trading companies which operated from the Channel Islands and that is something which we are keen to rekindle while also serving businesses based in the Isle of Man following the recent launch of our presence in the island.

’The introduction of these segments means that companies from the Isle of Man and Channel Islands can access growth capital through a cost-effective and convenient listing on our international exchange while also retaining their local identity and raising their visibility among investors, especially those seeking to invest into particular regions.’

There are no companies yet on the Isle of Man segment. TISE launched its presence in the Isle of Man in early March and Carolyn Gelling has just started as head of the Isle of Man Office.

Mrs Le Poidevin said: ’The Isle of Man has an increasingly diverse range of growing companies.

’The opening of our office in the island, with Carolyn at the helm, provides them with easier access to listing on an international exchange which specifically serves their needs.’

The Channel Islands segment currently includes investment manager Ravenscroft, Guernsey-headquartered property developer Raven Russia and financial services business PraxisIFM Group, with the latter listing on April 12, 2017.

TISE’s strong start to the year in terms of numbers of new listings and continued development of its offering has helped it win an award.

It has been named Most Dynamic Stock Exchange 2017 in the Offshore Excellence Awards from trade publication Acquisition International.