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PLUS Markets Group Dangle Market Maker Carrot


PLUS Markets Group Plc (AIM:PMK) announced a new initiative to further boost its exchange volumes following strong growth since attaining Recognised Investment Exchange (RIE) status by the Financial Services Authority in 2007.

In an innovative move the PLUS Market Group is planning to incentivise London’s Market Makers  by launching a revenue sharing scheme, the ‘PLUS Liquidity Scheme’ will aim to attract more equity trading volumes in non-PLUS quoted securities, which is likely to consist mainly of LSE listed equities.

The scheme will calculate the incentive rewards by reference to the levels of market maker flow however the revenue shared will relate to data sale revenues.

In a statement PLUS CEO Simon Brinkles summarised the value he hopes the new scheme will add to the PLUS Markets Group’s ongoing development;

"The capability for market makers to direct all reported flow to PLUS, including for AIM stocks, completes PLUS' small and mid-cap product offering. The PLUS Liquidity Scheme is an exciting new initiative which will attract more volume to PLUS and reward PLUS market makers as they share in our success"

As a RIE the PLUS exchange can facilitate trading for all London listed equities including the FTSE 100, European equities, unlisted shares quoted on the AIM and PLUS markets. Under the current business model the former ‘Ofex’ market has emerged as a significant competitor to the London Stock Exchange Group (LSE:LSE).

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