The Irish Stock Exchange (ISE) operates two markets for listing and trading Debt Securities.
Main Securities Market (MSM)- The Main Securities Market complies with the requirements of European Directives in relation to securities listed and admitted to trading on the Main Securities Market of the ISE.
Global Exchange Market (GEM) - The Global Exchange Market is an exchange-regulated market and is the successor market to the ISE's Alternative Securities Market. The GEM is a Multilateral Trading Facility as defined in the MiFID Directive.