LCH.Clearnet Goes Live With PLUS Markets

LCH.Clearnet Ltd has successfully launched clearing services for PLUS Markets Group, Londons small and mid-cap stock exchange.
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LCH.Clearnet Ltd (LCH.Clearnet) has successfully launched clearing services for PLUS Markets Group (PMG), Londons small and mid-cap stock exchange.

LCH.Clearnet supports the PLUS-pool, a dark liquidity pool for small & mid-cap securities. PLUS-pool provides a venue for the efficient electronic trading of large institutional block orders, reducing market impact and costs. It complements PLUS market maker offering and RSP business.

Offered through LCH.Clearnets EquityClear service, clearing initially encompasses a range of UK securities, with the intention to extend to pan-European securities in the near future.

PMG has seen a steady growth in market share, and in January, accounted for almost 7% of UK equity trading.

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