RE: WINS6 Jan 2022 00:58
"In this brave new world, share trading was conducted on computers screens; it only seemed a matter of time before the market marker was to have been swept away by a computerised intermediary.
Yet they managed to survive. Until the late 1990s the LSE was a quote driven market, meaning all prices were set by the market makers. Their role was to provide two-way prices in all stocks to keep the market liquid. But the Stock Exchange decided to move to an order driven system called SETS where buyers and sellers are matched automatically, and reasonably efficiently on-screen.
The idea behind the changeover was to cut out the middleman, making it cheaper to trade in London. After a series of hiccups with SETS and its successors, the City has finally come to grips with new regime. Now all of blue-chips and many of the mid-cap stocks now trade through the order book.
However, for the shares in the smaller companies, particularly those on the alternative market Aim, using the SETS system is not viable. Volumes simply aren't high enough trade to make the order book work. So it seemed sensible to keep the market makers in place, rather than wait days or even weeks to match buyers and sellers in some of the more illiquid small caps."
This is why EUA 2 has to get off AIM.
I think that there has been ample trading in this stock to make trading on the main LSE viable.
Wondering if this will get pulled when the admin wake up.