The Irish Stock Exchange (ISE) has announced pre-tax profits of €6.2m for 2014, as its equity trading and debt listing markets reached record levels.

The financial results show revenues grew by 9% on 2013 figures, from €22.9m to €24.9m.

The increase was driven by a continued strong growth from the ISE’s primary markets business, where revenues rose by 12% to €17.2m and now account for 69% of total ISE revenues.

Primary markets business relates to international debt, fund and equity listings.
Traded markets business – which represents a diverse range of revenues from equity and Government bond transaction income, market data sales, infrastructure and trading membership fees – was 31% of ISE revenues in 2014.

With record levels of trading activity, well ahead of pre-crisis highs, traded markets income was up 3% on 2013 to €7.7m.

At the end of December 2014 the ISE had over 32,000 securities from 4,100 issuers in 81 countries listing their securities on its four international markets.

Commenting on the figures, ISE Chief Executive Deirdre Somers said: “We have strengthened our status as the leading European exchange for fixed income and funds and reinforced our position as the centre of liquidity for Irish equities.

“We grew revenues strongly and controlled costs tightly. We also completed some strategic projects during 2014 including our successful transition to a public limited company in April and the launch of our new website in September,” Ms Somers added.