ISE boss predicts exchanges link-up

THE Irish Stock Exchange (ISE) is more likely to be involved in partnership agreements than be taken over by a bigger player as European markets consolidate, its chief executive said yesterday.

ISE chief executive Tom Healy said the ISE, which recorded a 50% leap in equity turnover last year, would demutualise this year to "tidy" the structure.

Under demutualisation, the ISE would change from a corporation owned by its members to a company limited by shares.