The Irish Stock Exchange (ISE) has formed a new corporate structure and has become a public limited company.

The now defunct Bloxham Stockbrokers’ membership of the Irish Stock Exchange has been revoked, which means it could miss out on a lucrative payout when the ISE is demutualised.

THE Irish Stock Exchange has seen a dramatic turn in its fortunes, reporting a pre-tax loss of €291,000 for 2007, down from pre-tax profits of €21.22 million in 2006, as a result of losses on long term equity investments.