Re today's announcement from seven investment banks, about the new equity trading platform venture.
PLUS Markets Group is delighted that the industry is moving from a monopoly to a more competitive environment. PLUS stands for competition and choice, which it is already delivering for its customers in trading small and mid cap companies.
PLUS is operational already, with all the regulatory and legal approvals existing and have been actively trading since December 2005. We are independent (though close to our customer base, many of whom are shareholders), with a proven track record of innovation in the exchange sector. We also have existing connectivity to market players, platforms and links to a wide range of data vendors.
Nemone Wynn-Evans, Director of Business Development for PLUS said, "We very much welcome the prospect of a more competitive equities market, which we recognise is already generating significant benefits to our customers".
Volume traded at PLUS in 2006 (year to date) is 411,783 bargains, over 4,137 mln shares with a value traded of more than £2,420 mln.
