PLUS Markets Group announced continuing strong trading for May. Reported flow on the exchange remained robust at 929,510 bargains, up 184.21% against the same month last year.
Trade value increased by 142% at GBP6.14 billion, while volumes rose 302% to a total of 6.19 billion versus May 2008. With only 19 trading days in the month, PLUS reached a number of new highs: on 7 May, PLUS had a record 81,055 reported trade flow. Average daily trade value for May was also the highest ever at GBP323.1million.
PLUS displayed good market share penetration in UK equities, not only in core small and mid-caps but also consistently in large-caps. In the Thomson Reuters April 2009 market share report, PLUS once again attracted significant reported flow with almost 8% in total UK equities.
PLUS continues to maintain a steady position in the large-caps with 6.8% of FTSE 100 trading by volume according to Thomson Reuters. Furthermore in two consecutive months, PLUS captured over 30% of trade value in one of the markets most active stocks, Royal Bank of Scotland (RBS).
We are very pleased with our growing market share – it validates our market as a premier venue in the exchange and MTF landscape. Our trading activity is seeing consistent performance, says Cyril Thret, director, Business Development.
L.D.