The leading venue for Irish equity trading
We offer our domestic and international trading members the most efficient marketplace for trading in Irish equities. We run cost-effective and easily accessible trading and post-trade systems in partnership with Deutsche Börse (ISE T7), Euroclear UK & Ireland (CREST) and Eurex Clearing AG (CCP). Our competitive pricing model incentivises our members to increase their trading activity. As a result, we remain the main pool of liquidity for Irish equities.
We are pleased to confirm that the ISE migrated to the next generation T7 trading platform on 17 July 2017. ISE T7 further enhances the performance, latency and capacity of the ISE's equity market offering and provides synergies for international firms with existing T7 connectivity to cross-connect and trade equities on the ISE.
Become a trading member
For all applicants we offer a prompt membership and connectivity process. Connecting to our trading platform, ISE T7, is straightforward and is further simplified if the applicant is already a T7 participant on Deutsche Börse or Eurex. Call us if you are interested in becoming a member firm.
Current members list
*Firms who wish to avail of our reduced order execution fees for algorithmic trading flow must sign and submit the Automated Trading Programme (ATP) Agreement and the Application for the Approval of an ATP User-ID form to the ISE.
ATP User ID Application (216 KB)
ATP Agreement (45 KB)
**This fee applies to off-order book equity and ETF deals reported through the ISE Xetra system. A fee of €10 per trade report applies to deals submitted to the ISE for other securities.
***Trade reporting (only) member firms pay an annual charge of €1,000 to access the €0.05 fee per trade report for off-exchange trades in non-ISE EU Regulated Market securities in accordance with the ISE’s MiFID Post-trade Transparency Service. Further details here:
MIFID Post Trade Transparency (84 KB)
Fees paid by a trading member firm to connect to the current ISE T7 or ISE Xetra platform depend on the type of connection required and the location of the member firm. Further details here:
ISE T7 Connectivity Price List (33 KB)
Clearing and settlement fees
We have outsourced the provision of our clearing and settlement facilities to Eurex Clearing AG (Eurex) and Euroclear UK & Ireland (EUI) respectively. Full details of the clearing fees charged by Eurex can be found on their website. The ISE does not charge any further clearing and settlement fees.
On 17 July 2017 the ISE migrated its electronic order book to the next generation T7 trading platform, continuing the successful strategic technology partnership with Deutsche Börse AG. ISE T7 provides members with a low latency and efficient order book for the trading of equities and ETFs.
On 4 December, 2017, there will be a further release of T7, Release 6.0, to implement the technical and functional changes to the trading system required by MiFID II/MiFIR.
ISE Xetra continues to be the trading platform for the submission of off order book on exchange trade reports. This will also migrate its off order book on exchange trade reporting functionality to a new system, 'ISE OBOE', on Monday 4 December 2017. ISE OBOE will be fully MiFID II compliant and the ISE recently confirmed these arrangements for on exchange trade reporting in the Irish market under MiFID II.
Documentation relating to the ISE T7 Releases 5.0 and 6.0 is available below, and ISE Xetra Releases 16.0 and 17.0 is available below and also by clicking on the 'Xetra Sign In' button on this page.
We have established partnerships with international post-trade systems for the clearing and settlement of ISE trades. Clearing is carried out by Eurex Clearing AG and settlement is provided by Euroclear UK & Ireland via the CREST system. For more information on clearing and settlement, please visit our Clearing and Settlement page or contact us directly.
ISEQ 20 ETF
With a low and competitive Total Expense Ratio (TER), the WisdomTree ISEQ 20 UCITS ETF enables simple, cost-effective and diversified exposure to 20 of the leading companies on the ISE.
The latest pricing information for this ETF can be found in the Market Data & Announcements section of our website.
Further information regarding the WisdomTree ISEQ 20 UCITS ETF can be found in the brochure below or on WisdomTree's website.
ISEQ 20 ETF (467 KB)
All trading members are subject to the Rules:
MiFID liquid shares
The list of shares that are admitted to trading on the ISE's Main Securities Market and, which effective 8 August, 2017, are classified as liquid under the criteria laid down by Article 22 of Commission Regulation (EC) No 1287/2006, are as follows:
The above list reflects ESMA (European Securities and Markets Authority) calculations.
A consolidated list of MiFID liquid shares is published on the ESMA website
Trading calendar and trading hours