LCH.Clearnet Supports PMG In Small And Mid-Cap Securities Clearing

LCH.Clearnet Ltd 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

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LCH.Clearnet Ltd 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.

With PMGs established reputation in trading small and mid-cap stocks and our long history of clearing a wide range of equities, the advantages of this offering such as margin offsets and collateral efficiencies will be significant, says Wayne Eagle, director, Equity Services, LCH.Clearnet.

L.D.

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