Irish Stock Exchange

The Irish Stock Exchange as we have today was formed from two very old stock exchanges, the Cork Stock Exchange and the Dublin Stock Exchange. The history of the Irish Stock Exchange goes back to 1793 when the Cork Stock Exchange was formed. The Irish Stock Exchange merged with other Irish exchanges and the British Exchange in 1973. The Irish Stock Exchange was a member of the International Stock Exchange of Great Britain and Ireland from 1973 to 1995. Today the International Stock Exchange of Great Britain and Ireland changed names to become the London Stock Exchange. Furthermore the Irish Stock Exchange has been independent since 1995.

The Irish Stock Exchange shutdown its famous trading floor on Angelsea Street in Dublin 2, in 2000 to go electronic. The Irish Stock Exchange is using the Xetra (electronic trading System), a world wide trading system made in Frankfort Germany. The Irish Stock Exchange is the primary listing for most Irish public limited companies. However, companies such as the NTR plc specializing is Toll bridges in Dublin does not list at the Irish Stock Exchange as a primary market, instead it uses a grey market. There are companies outside of the state that use the Irish Stock Exchange as a secondary listing, these companies include Tesco, which is a United Kingdom grocery and general merchandise retail chain, Tesco is the biggest British retailer, both locally and globally and there is also the UTV which was formally called Ulster Television that lists with The Dublin Irish Stock Exchange.

The Irish Stock Exchange trades a number of different equities as well as Irish government bonds. The Irish Stock Exchange uses the Irish Stock Exchange Quotient index for the listing of shares and well use other indices such as the ITEQ Index, the ISEQ 20, the ISEQ General, ISEQ SmallCap, and ISEQ Financial. The Irish Stock Exchange is owned by stock broking firms and is regulated by the Financial Regulator, which regulates all financial firms in Ireland. The giant American International group (AIG), a Dow Jones Industrial Average member, chose the Irish Stock Exchange over the London Stock Exchange for its only listing in Europe despite some difficulties the Irish Stock Exchange was experiencing from firms listed on various exchanges.