PLUS Markets Group Trading Platform

LCH.Clearnet will offer clearing services to PLUS Markets Group (PMG) initially across a range of UK securities, with a further extension to include Pan European securities at a later date.

PMG will introduce a “dark liquidity pool” for small & mid-cap securities, to be known as “the PLUS-pool”.  Also, users will see UK liquid securities move from the existing quote-driven board to a new “hittable quote board”, to be known as “the PLUS-HQ”.  The PMG platform comprises X-stream trading technology from NASDAQ OMX that provides rich functionality, flexibility and capacity to manage large transaction volumes, combined with market surveillance solution provided by SMARTS.

LCH.Clearnet offers clearing services to PMG through its EquityClear® service, whereby Clearing Members will benefit from margin offsets and collateral efficiencies from centralised clearing.  Members will also benefit from clearing cost reductions when any new cleared volumes are added to existing EquityClear business.

For further information relating to products and services PMG offer please access their website: http://www.plusmarketsgroup.com