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8 Sep 2009 07:00
8th September 2009
PLUS Markets Group plc Revenue sharing scheme for market makers announced
PLUS Markets Group plc announces today that it is planning to initiate the PLUS Liquidity Scheme to attract more equity trading volume to the exchange.
Having recently obtained full stock coverage of all UK quoted and listed securities, the PLUS Liquidity Scheme will incentivise market makers to participate in the success of PLUS by enabling them to share in a proportion of increased data sale revenues. The scheme will calculate the incentive rewards by reference to the levels of market maker flow.
This new revenue sharing scheme will encourage market makers to increasingly direct their reported flow to PLUS and enable them to share in the company's growth.
CEO 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".
Full details will be published in the next few weeks.
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ENQUIRIES
Contact details- John Parry, Rostron Parry Ltd, + 44 (0)207 490 8062
Email: johnparry@rostronparry.com
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