TISE Reports 2025 Listing Results; Sets Record New Listings During Milestone Year

Rhea-AI Summary

The International Stock Exchange (TISE) (NYSE: MIAX) reported record listings in 2025: 1,140 new securities (+19.7% YoY) and a year-end Official List of 4,818 securities (+7.4%). Total market value reached £797 billion at 31 December 2025 (+12.6%).

Notable category growth included high yield bonds (+74.6% new), private equity debt (+18.7% new) and ESG-linked listings with total value of £32.2 billion (+25.3%). Issuers spanned 38 territories, with the UK accounting for 46.9% of new listings and the EU 31.1%.

Positive

• New listings 1,140 in 2025, +19.7% YoY
• Official List 4,818 securities at 31 Dec 2025, +7.4% YoY
• Total market value £797 billion at 31 Dec 2025, +12.6% YoY
• High yield bond additions 220 new, +74.6% YoY
• ESG-linked listings value £32.2 billion, +25.3% YoY

Negative

• High geographic concentration: 46.9% of new listings originated from the UK, posing regional concentration risk

Key Figures

New listings 2025: 1,140 securities New listings growth: 19.7% YoY Total listings: 4,818 securities +5 more

8 metrics

New listings 2025 1,140 securities New securities listed on TISE during 2025

New listings growth 19.7% YoY Year-on-year increase in new TISE listings for 2025

Total listings 4,818 securities Total securities on TISE’s Official List at 31 Dec 2025

Market value £797 billion Total market value of TISE-listed securities at 31 Dec 2025

Private equity debt 2,135 securities Total private equity debt securities listed on TISE at 31 Dec 2025

High yield bonds 533 bonds Total high yield bonds listed on TISE at 31 Dec 2025

Securitization bonds 631 bonds Total securitization bonds on TISE’s Official List at 31 Dec 2025

ESG-linked listings £32.2 billion Value of listings supporting environmental, social and sustainable initiatives

Market Reality Check

Price: $40.66 Vol: Volume 894,837 vs 793,440...

normal vol

$40.66 Last Close

Volume Volume 894,837 vs 793,440 20-day average (1.13x activity ahead of the news) normal

Technical Shares at $40.66, trading below 200-day MA of $42.02 and 20.86% under the 52-week high.

Peers on Argus

MIAX slipped 0.97% with slightly above-average volume, while peers showed mixed ...

MIAX slipped 0.97% with slightly above-average volume, while peers showed mixed moves: several names like CLSK and CIFR were down sharply, but MRX rose 2.6%. No peers appeared in the momentum scanner, pointing to a stock-specific backdrop rather than a coordinated sector move.

Historical Context

4 past events · Latest: Jan 21 (Positive)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Jan 21	Asset sale closing	Positive	+2.5%	Closed sale of 90% of MIAXdx while retaining a 10% stake.
Jan 08	Operating metrics update	Positive	+0.8%	Reported record 2025 options volumes and growing market share.
Dec 23	Strategic investment	Positive	+0.3%	Anchored $35M Series A for Architect’s AX perpetual futures exchange.
Dec 16	Secondary offering	Neutral	+1.8%	Closed 7,762,500-share secondary offering by existing stockholders.

Pattern Detected

Recent MIAX news – from record trading volumes to strategic deals and offerings – has generally been followed by modestly positive price reactions, suggesting the market has rewarded growth and strategic expansion updates.

Recent Company History

Over the last few months, MIAX has reported several milestones. On Nov 7, 2025, Q3 results highlighted strong revenue growth, IPO completion, and the acquisition of TISEG. Late November and January brought the agreement and then closing of the MIAXdx sale to a Robinhood–Susquehanna joint venture. MIAX also supported a 7,762,500-share secondary offering and anchored a $35M Series A in Architect Financial. Today’s TISE listing records extend this theme of expanding exchange-related franchises.

Market Pulse Summary

This announcement highlights continued expansion of MIAX’s European footprint through TISE, which re...

Analysis

This announcement highlights continued expansion of MIAX’s European footprint through TISE, which recorded 1,140 new listings in 2025 and a total market value of £797 billion. Growth in private equity debt, high yield, securitization and UK REIT listings, plus £32.2 billion tied to sustainable initiatives, reinforces MIAX’s strategy of building diversified exchange platforms. Investors may watch future TISE volumes, fee trends and cross-border partnerships to gauge the financial impact.

Key Terms

securitization bonds, equity listing rules, spv, real estate investment trusts, +2 more

6 terms

securitization bonds financial

"The total number of securitization bonds on TISE's Official List reached 631"

Securitization bonds are debt securities created by bundling many similar loans or receivables (like mortgages, car loans, or credit-card debt) and selling slices of the cash flow to investors. Think of it like cutting a stream of customer payments into smaller, sellable pieces; investors receive regular payments funded by those underlying borrowers. They matter because returns and safety depend on the quality of the original loans and the structure of the deal, so they carry risks tied to defaults, prepayments and any built-in protection layers.

equity listing rules regulatory

"under TISE's Equity Listing Rules for Specialist Companies reached 27"

A set of standards and requirements that a stock exchange imposes on companies that want to have their shares traded there, covering things like financial qualifications, disclosure of information, governance practices and ongoing reporting. For investors, these rules act like a rulebook or recipe that helps ensure companies provide reliable information and meet minimum quality controls, which affects how risky, transparent and easy to buy or sell a stock may be.

spv financial

"for Specialist Companies including SPV holding companies, closely held Real Estate"

An SPV (special purpose vehicle) is a separate legal entity created to hold specific assets, run a particular project, or issue securities, keeping those activities legally and financially distinct from the sponsor’s main business. Think of it as a sealed bucket used to isolate risk and cash flows—this matters to investors because an SPV can limit exposure to losses, affect credit risk and transparency, and influence how returns and liabilities are reported.

real estate investment trusts financial

"including SPV holding companies, closely held Real Estate Investment Trusts (REITs)"

Real estate investment trusts are companies that own and manage income-producing properties — such as apartments, offices, shopping centers or warehouses — and are required to distribute most of their rental income to shareholders as dividends. They let investors buy a piece of real estate without owning buildings directly, offering regular income, diversification and exposure to property values and rents; like a mutual fund for property that pays out cash from rents and is sensitive to market cycles and interest rates.

reits financial

"The total number of UK REITs listed on TISE reached 41 at 31 December 2025"

REITs, or real estate investment trusts, are companies that own and operate income-producing properties—like apartments, shopping centers, offices, warehouses, or cell towers—and share the rental profits with investors in the form of dividends. Think of a REIT as a mutual fund for real estate: it lets investors buy a small piece of many properties without managing buildings themselves, providing regular income, portfolio diversification, and an easier way to invest in property through public markets.

qualified investors financial

"leading European listing venue for bonds offered to qualified investors."

Qualified investors are individuals or institutions that meet regulatory standards—such as a minimum income, net worth, or professional expertise—allowing them access to investment opportunities not open to the general public. Think of them as a financial "VIP" group: they can buy private deals, complex products, or early-stage securities that may offer higher returns but also carry greater risk and less public information, so their status matters because it changes what investments are available and what protections apply.

AI-generated analysis. Not financial advice.

GUERNSEY, Channel Islands, Feb. 5, 2026 /PRNewswire/ -- The International Stock Exchange (TISE), a wholly-owned subsidiary of Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), today announced that it listed a record 1,140 securities during 2025, a 19.7% increase year-on-year (YoY).

The new listings contributed to a record 4,818 securities on TISE's Official List at 31 December 2025, an increase of 7.4% YoY. The total market value of listed securities also reached a record £797 billion at 31 December 2025, a 12.6% increase YoY.

"I am delighted to report a record number of new listings on TISE during 2025," said Cees Vermaas, Chief Executive Officer of TISE. "It has been a milestone year for the exchange, with MIAX's acquisition of TISE in June and strong growth in our listings business. The increase in the number, value and diversity of securities admitted to TISE confirms our position as a leading European listing venue for bonds offered to qualified investors."

Additional 2025 Highlights

• The total number of private equity debt securities listed on TISE reached 2,135 at 31 December 2025. There were 407 new private equity debt securities listed on TISE during 2025, an increase of 18.7% YoY.
• The total number of high yield bonds listed on TISE reached 533 at 31 December 2025. There were 220 new high yield bonds listed on TISE during 2025, an increase of 74.6% YoY.
• The total number of securitization bonds on TISE's Official List reached 631 at 31 December 2025. There were 150 new securitizations listed on TISE during 2025, an increase of 8.7% YoY.
• The total number of securities admitted under TISE's Equity Listing Rules for Specialist Companies reached 27 at 31 December 2025. Launched in November 2024 to address changing market expectations, TISE's new rulebook streamlines the initial application and continuing obligation requirements for Specialist Companies including SPV holding companies, closely held Real Estate Investment Trusts (REITs) and other similar issuers.
• The total number of UK REITs listed on TISE reached 41 at 31 December 2025, making TISE the largest market for listed UK REITs.
• The total value of listings on TISE supporting environmental, social and sustainable initiatives reached a record £32.2 billion at 31 December 2025, an increase of 25.3% YoY.

At 31 December 2025, TISE issuers were domiciled in 38 different territories, with the UK remaining the largest single source of business at 46.9% of new listings, and a record 31.1% of new business coming from the European Union.

About TISE
TISE provides financial markets and securities services to companies globally. TISE's Qualified Investor Bond Market (QIBM) is a leading market in Europe for listing high yield bonds, structured finance products and securitization transactions. TISE lists a pool of investment funds, UK REITs and hosts a sustainable finance segment, TISE Sustainable. TISE is headquartered in Guernsey, Channel Islands. To learn more about TISE, visit www.tisegroup.com.

About MIAX
Miami International Holdings, Inc. (NYSE: MIAX) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies. MIAX operates eight exchanges across options, futures, equities and international markets including MIAX^® Options, MIAX Pearl^®, MIAX Emerald^®, MIAX Sapphire^®, MIAX Pearl Equities™, MIAX Futures™, The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX also owns Dorman Trading, a full-service Futures Commission Merchant. To learn more about MIAX, please visit www.miaxglobal.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Media Contact:
media@tisegroup.com

 

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SOURCE The International Stock Exchange Group

FAQ

How many new securities did TISE list in 2025 and what does it mean for MIAX (MIAX)?

TISE listed 1,140 new securities in 2025, a 19.7% YoY increase. According to the company, this reflects stronger listing demand and contributes to MIAX's broader European listing footprint, supporting a year-end Official List of 4,818 securities.

What was the total market value of securities on TISE at 31 December 2025 (MIAX)?

The total market value reached £797 billion at 31 December 2025, up 12.6% YoY. According to the company, this record value underscores larger issuance sizes and growing investor interest across bond and specialist company listings.

Which listing categories showed the strongest growth on TISE in 2025 under MIAX?

High yield bonds showed the strongest growth with 220 new listings, +74.6% YoY. According to the company, private equity debt and ESG-linked listings also rose notably, indicating diversification in the exchange's bond-focused franchise.

How significant are ESG-related listings on TISE as reported for 2025 (MIAX)?

ESG-related listings reached a record value of £32.2 billion at year-end, up 25.3% YoY. According to the company, this shows accelerating issuance tied to environmental, social and sustainable initiatives among TISE-listed securities.

What geographic mix of issuers did TISE report for 2025 and why does it matter to MIAX investors?

TISE issuers were domiciled in 38 territories, with the UK accounting for 46.9% and the EU 31.1% of new listings. According to the company, the concentration highlights market leadership in UK REIT listings but also indicates regional exposure for MIAX investors.