London, 8th March, 2016 – The Social Stock Exchange – the UK’s only market for impact investing – has today been recognised as the Best Trading Innovation for 2016 by ADVFN, the leading financial news and data company. Since its inception in 2013, the Social Stock Exchange has grown rapidly and now consists of 32 member firms with a collective valuation of over £2.1 billion.
Tomas Carruthers, Chief Executive of the Social Stock Exchange, commented:
“Capital markets are changing as investors wake up to the shortcomings that were laid bare in the credit crisis of 2008. The Social Stock Exchange has been established to address this challenge and to ensure that the market as we know it can work for the good of everyone, not just a select few. This isn’t about philanthropy, but it is about effecting change, so to be recognised as the best trading innovation of the year is testament indeed to the fact we’re making great progress.”
Membership of the Social Stock Exchange is only available to impact businesses – those that deliver a measurable social or environmental impact, as well a potential financial return. Prospective members must submit a detailed impact report on an annual basis to the independent admissions panel, and less than 50% of initial applicants are admitted.
In addition to providing validation of a positive impact, the Social Stock also provides a service for promoting member firms to investors seeking positive impact as part of their portfolio. The Social Stock Exchange partnered with NEX to create the only fully regulated impact market where member firms can list instruments on either a primary or secondary basis.
The ADVFN International Financial Awards, which are now in their second year, recognise and celebrate best of breed products and services from across the financial industry, both nationally and internationally.
About the Social Stock Exchange
The Social Stock Exchange was launched in June 2013. The aim of the exchange is to operate a platform to help businesses that deliver a social or environmental impact connect with investors and unlock capital at scale. All issuer member companies must meet a rigorous set of criteria before joining, including the publication of an Impact Report.
In January 2015, the Social Stock Exchange and ICAP Securities & Derivatives Exchange Limited (“NEX”) launched a branded market segment for impact businesses. NEX is a Recognised Investment Exchange operating a regulated market and a growth market and provides a secondary market trading facility. NEX is supervised by the Financial Conduct Authority.
For more information please contact:
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Social Stock Exchange
T: +44 (0) 203 608 8056