Markets
The Irish Stock Exchange operates three markets:
The Main Securities Market (MSM), the principal market for Irish and overseas companies, which admits a wide range of security types such as shares, bonds and funds to listing and trading. The Main Securities Market is a regulated market as defined by Markets in Financial Instruments Directive (MIFID). It is the principal market of the ISE for larger, more established companies - Irish and international - from a broad range of industry sectors including financial services, building, oil and gas, utilities and food.
The Enterprise Securities Market (ESM), an equity market designed for growth companies. The ESM is an exchange regulated market and multi-lateral trading facility (MTF) as defined by MiFID. It is the ISE market for smaller, growth companies and has been specifically designed to meet the funding needs of companies at earlier stages in their development.
The Global Exchange Market (GEM), a specialist debt market for professional investors. GEM is an Exchange regulated market and MTF as defined by MiFID.
Read more about this topic: Irish Stock Exchange
Famous quotes containing the word markets:
“When the great markets by the sea shut fast
All that calm Sunday that goes on and on:
When even lovers find their peace at last,
And Earth is but a star, that once had shone.”
—James Elroy Flecker (1884–1919)
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)