News

July 07, 2008

PLUS Moves Closer To Level Pegging With Aim As The Market Of Choice In London, And It’s A Lot Cheaper

By Charles Wyatt

A dual listing in London for less than £85,000? Yes, less than £85,000 and that includes lawyers’ and accountants’ fees as well as the charges made by a broker and by PLUS Markets Group. PLUS is a Recognised Investment Exchange, just like the London Stock Exchange and Aim, and it has something else going for it. Its quote-driven (market-maker) electronic trading platform currently trades a broad range of securities, including full coverage of all London-listed shares, among them the FTSE 100, as well as shares quoted on the Aim and PLUS markets.

It’s not only an RIE in the UK but also a Market Operator under the recent Markets in Financial Instruments Directive (MiFID), authorised to operate both secondary and primary markets. This has extended the range of securities available for trading on the PLUS platform to include all European liquid shares as defined by MiFID, taking the total number of companies quoted to well over 7,500. In June PLUS announced that since November last year, seven months after the November implementation of...