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On 19 July 2007, PLUS Markets Group plc ("PMG" or "the Company") confirmed that its operating subsidiary, PLUS Markets plc, had been granted Recognised Investment Exchange status by the Financial Services Authority. At that time, the Company also confirmed that it would shortly publish the tariffs for its extended trading services offering under the Markets in Financial Instruments Directive ("MiFID"), which will come into effect on 1 November 2007.
PMG has published these tariffs today, relating to its Trading Services and Market Data Services, which will also take effect from 1 November 2007. In conjunction with new trading and market surveillance technology being provided by OMX, as previously announced, PMG will be offering full stock coverage under MiFID, including EU liquid shares.
The tariffs are designed to enhance the quality and liquidity of the PLUS market and will offer market participants the opportunity for substantial cost- savings as against other execution venues. PMG is abolishing the concept of a membership fee for PLUS market participants and there are no exchange access fees. Execution fees are to be introduced, but with the opportunity to earn significant volume-based discounts. PMG intends to place greater emphasis on deriving revenues from the sale of its proprietary market data.
Full details are available direct from the Company and also on the Company's website at www.plusmarketsgroup.com.
