Plus Markets dangles a carrot for market makers
INDEPENDENT stock exchange Plus Markets yesterday announced that it will launch a liquidity scheme as it attempts to attract more equity trading onto its platform.
Plus, which has recently gained approval to trade Aim-listed securities, said that the Plus Liquidity Scheme will encourage market makers to direct their reported flow to the exchange by enabling them to share in a proportion of increased data sale revenues.
“The capability for market makers to direct all reported flow to Plus, including for Aim stocks, completes Plus’s small and mid-cap product offering,” said Plus chief executive Simon Brickles.
The scheme will calculate the incentive rewards by reference to the levels of market maker flow, however the revenue shared will relate to data sale revenues, the group said.