Markets

Study finds Irish stock exchange supports 2,100 jobs

Securities industry generates €230m in direct tax for the Irish exchequer

Alan Gray, managing director of Indecon, and Deirdre Somers, chief executive of the Irish Stock Exchange, at a press conference to mark the publication of a major study on the contribution to the economy of Ireland’s Stock Exchange and securities market. Photograph: Dara Mac Dónaill
Alan Gray, managing director of Indecon, and Deirdre Somers, chief executive of the Irish Stock Exchange, at a press conference to mark the publication of a major study on the contribution to the economy of Ireland’s Stock Exchange and securities market. Photograph: Dara Mac Dónaill
Tue Oct 21 2014 - 00:02

Having a local stock market and securities industry directly supports 2,100 jobs in Ireland and is worth €207million each year to the Irish economy according to a study published today.

The study, conducted by Indecon economic consultants, found that having a domestic securities industry centred on the Irish Stock Exchange generates 2,100 jobs directly in the securities industry, €207million in estimated direct economic impact and 230million in direct tax for the Irish exchequer.

The study found that the ISE was the number three exchange in the world in 2013 for debt listings, the number two exchange in Europe in 2013 for volumes of new debt listings and the number four echange in the world in 2013 for fund listings.

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