THE number of trades carried out at the Channel Islands Stock Exchange fell by more than 100 million last year compared to 2008.
But CISX chief executive Tamara Menteshvili (pictured) insists the figures do not paint the whole picture, especially considering the difficult trading conditions that were in evidence during 2009.
In fact, she believes the figures are extremely positive and show how well the exchange faced up to the global economic crisis.
In total, the exchange experienced trading volumes in excess of 83 million trades, the admission of 443 securities to the official list and five new members.
That compares to just under 200m. trades, the admission of 542 securities and one new member in 2008.
‘I think you have to look at it from a different perspective rather than just using a comparison year on year.
‘Most stock exchanges would not have recorded as buoyant a market as we have, obviously they’re of a different size to us, but proportionally what our market has done is quite an achievement.’
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Article posted on 5th February, 2010 - 2.30pm
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