Ethex started life as idea in the head of its founder, Jamie Hartzell, over ten years ago.
In the late 80s and early 90s, a number of innovative pioneers felt that they could use the power of business to address social problems. They started a range of exciting new businesses working in fair trade, renewable energy, organic farming and other areas. To raise the capital they needed they issued shares to the general public. One of these businesses was the Ethical Property Company, which Jamie founded in 1998 and ran for 13 years.
These businesses grew rapidly, although a major limit on their growth was the lack of an active market to trade their shares. None of the businesses wanted to join the main exchanges such as the London Stock Exchange, as they felt that these exchanges would not understand a business that was offering social, financial and environmental returns in equal measure. They felt that listing on the main exchanges would compromise the mission of their business and offer poor value to their investors, but there was not a social/ethical stock exchange to list on.
At Jamie’s initiative, Triodos Bank started a small share matching service in four businesses in 2003, under the name Ethex. However, Triodos did not develop the service further and in 2006 the four businesses decided to transfer the service to the commercial broker Brewin Dolphin Securities Ltd. Brewin ran the service effectively for several years, but has recently lost enthusiasm for it.
Where is Ethex