TISE taps Avenir to power Private Markets on its Guernsey exchange

The International Stock Exchange (TISE) has unveiled its collaboration with Avenir Technology Limited, a leading developer of financial market infrastructure solutions.

This partnership will introduce auction trading, settlement, and registry management technology to TISE’s novel private market service, aptly named TISE Private Markets.

TISE’s Private Markets targets SMEs

This innovative offering addresses the persistent challenge faced by SMEs in traditional market structures. Conventional market setups often fall short in catering to the specific needs of SMEs, leaving companies with shareholders looking to unlock their investments and boards seeking enhanced stock liquidity. Listing on such markets often proves to be excessively costly, burdensome, and rarely achieves the desired outcomes consistently.

TISE Private Markets is a game-changing solution, granting SMEs unprecedented control over their dedicated market. From shareholder onboarding to orchestrating auction events and managing registers, the platform empowers companies to manage their liquidity efficiently.

Avenir Technology’s technology integration and customization have enabled the development of several pioneering features within the service. These features include a tailor-made auction model designed to enhance liquidity, frictionless electronic settlement for cash and shares, a personalized auction algorithm to safeguard pre-emption rights, and online tools to facilitate convenient share transfer and shareholder record management.

Customized trading, settlement, and registry management technology

Cees Vermaas, CEO of TISE, commented: “We are delighted to maintain and extend our collaboration with Avenir Technology. They have been tremendously supportive in deploying the customized trading, settlement, and registry management technology that underpins TISE Private Markets. I am hugely excited that our innovation has enabled the delivery of a next-generation private market.”

Martyn Bain, Co-Founder and Director of Avenir Technology, highlighted the significance of deploying auction trading, settlement, and registry management solutions as part of TISE Private Market infrastructure. He emphasized that this approach offers companies and investors access to advanced functionality within a secure environment. This collaboration positions TISE as an agile service provider, poised to innovate and meet the evolving needs of today’s market participants.

TISE recently announced that Blue Diamond Limited, a prominent garden center group based in the UK and Channel Islands, became the first company to join TISE Private Markets. With 44 garden centers across the UK and Channel Islands, over 4,000 employees, and annual revenues approaching £350 million, Blue Diamond Limited’s participation marks a significant milestone for the private market service.

This partnership isn’t the first between TISE and Avenir Technology. In 2021, TISE adopted Avenir Technology’s multi-asset price discovery and auction trading solution for its public market. Avenir Technology’s influence extends beyond TISE, as it collaborates with multiple other global exchanges and financial counterparts.

The International Stock Exchange (TISE) is a stock exchange based in the Channel Islands. It operates regulated markets, provides listing services, and offers a comprehensive range of market services for local and international clients.