Plus Markets Group (PMG) has topped off a successful month in which it gained Recognised Investment Exchange (RIE) status with record trading activity.
Last month PMG reported 69,373 trades, valued at £ 452m – a new record for the market - representing a volume of 589.94m shares traded on the PLUS platform.
“Our market has been enjoying robust performance,” said business development director Cyril Theret.
“Trading activity is performing well and we expect this to play out consistently, particularly given new developments at PLUS.”
As a result of its RIE status, which was granted by the Financial Services Authority (FSA), the market now has exactly the same rights and privileges as other European exchanges.
It has already opened for business its new PLUS-listed segment, an EU Regulated Market which offers a choice of admission options for companies and funds, and provides access for issuers to the UK Official List.
So far this year there have been 476,700 trades on the market which are worth nearly £3bn, representing over 4.6bn shares. This is a similar figure to what the market achieved over the whole of last year.
© Crimson Business Ltd. 2007
