London Stock Exchange (LSE) launched a new multilateral trading facility (MTF), the International Securities Market (ISM), in May 2017. With this new MTF, LSE aims to compete directly with popular exchange-regulated markets such as Irish Stock Exchange (ISE)’s Global Exchange Market (GEM) and Luxembourg Stock Exchange (LuxSE)’s Euro MTF for debt securities sold to “professional investors”. Products trading on ISM include plain vanilla bonds, as well as a range of specialist debt products such as structured products, convertible debt, high yield bonds and asset-backed securities (ABS).

Our practical guide identifies the headline benefits and challenges of the ISM, and includes a comprehensive summary of ISM, GEM and Euro MTF’s requirements to help you make an informed decision on where to list.

Download the guide



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