Independent stock exchange to share revenues with market makers.
PLUS Markets, the independent stock exchange, has announced that it is to launch a liquidity scheme in an attempt to attract more trading volume.
The exchange, run by the former head of AIM, Simon Brickles, is to share revenue with market makers, which currently include KBC Peel Hunt, Numis, Cenkos, Shore Capital and Winterflood.
The scheme would allow market markets to share revenue from data sales, with the incentive rewards calculated by reference to the levels of market maker flow, although PLUS is yet to reveal specific details of what it is calling the PLUS Liquidity Scheme.
PLUS, which recently gained approval to trade AIM-listed securities, said the scheme is expected to be running by the end of this year.
Simon Brickles said: "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."
© Crimson Business Ltd. 2009