Friday 25th April 2008

	Print
	Email
	Text size
	Comment

PLUS trading tops £3 billion

The value of trades on PLUS was £3.04 billion last month, according to data released by the tertiary market. Some 364,000 trades were made, an average of 19,159 per day, against 16,554 a day on AIM.

PLUS has hailed the figures as a vindication of the trading platform it launched in November, which it claims allows it to process larger transaction volumes.

It says that for the last three months PLUS has exceeded AIM’s average number of daily trades, and that over the same period the majority of trades in over 600 UK-listed small and mid-cap companies took place on PLUS.

Since the launch of its new trading platform, PLUS has also increased its share in the trading of certain FTSE 100 companies. During March the market accounted for 3.5 per cent of trade in Royal Bank of Scotland shares, for instance, up from 3.3 per cent in February and 2.5 per cent in January.

The news comes as PLUS was named best trading platform by World Finance magazine. Chief technology officer Brian Taylor comments: ‘We’re delighted to receive this recognition. We delivered a MiFID-compliant trading solution in six months, whereas other exchanges take two or three years.’

There are currently no comments on this post.

Related Articles

• Bedsore sufferers’ saviour nets £230,000
• 2e2 in PE-backed bid for Netstore
• Close AIM VCTs move to Octopus
• IS announces Chapter26 deal
• Fidelity backs £33 million buy-out

People who read this article also read ...

• Record first quarter for buy-outs
• European VC rebounds as US declines
• M&A activity down 15 per cent
• VCT fundraising better than expected
• 2008 Budget: key points for SMEs

Related sections

Interesting links

• The AIM Guide 2008 - the Spring guide of every AIM listed company
• Cash Shells on AIM provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.
• New Issues on AIM 2007/08 research report - find out which international companies have floated and which sectors are dominating
• Businessxl magazine for entrepreneurs of fast-growth companies
• Corporate Hospitality Packages - ViewLondon.co.uk corporate hospitality packages cover rugby, music concerts, festivals, tennis matches and many more.
• VCT special research report - an in-depth analysis of the VCT sector
• Middle East and Beyond on AIM 2008 - a closer look into AIM companies from the Middle East and surrounding regions
• Spotlight on AIM 2008 research report – find out the best and worst performing stocks of last year
• Director's Salaries on AIM 2007 research report - a detailed look at directors' average remuneration
• FT Guide to Personal Tax - advice to completing your tax return
• MandAdeals.co.uk - covering latest mergers and acquisitions
• Aimguide.co.uk - guide to the Alternative Investment market