PLUS Markets Group plc has established PLUS Trading Solutions Ltd (PLUS-TS), an innovative trading platform technology provider enabling investment banks, brokers and trading venues to establish outsourced matching systems that are designed to be fully compliant with regulatory initiatives such as MiFID II and European Market Infrastructure Regulation (EMIR) as well as enable compliance with likely new categories of regulatory infrastructure.
PLUS-TS is a unique fully managed neutral exchange-in-a-box matching and surveillance solution, Hirander Misra, former co-founder and COO of Chi-X Europe, who is acting as a strategic adviser to the launch and development of PLUS-TS, says. It gives investment banks, brokers and trading venues their own innovative matching system solution that cannot only help them comply with the new regulations, but also allows them to create new business growth opportunities across asset classes.
Cyril Thret, CEO of PLUS Markets Group plc, adds: We previously announced that we are creating the next generation stock exchange, and PLUS-TS is another important part of this innovative strategy following the launch of PLUS Derivatives Exchange to complement our existing PLUS Stock Exchange.
A lot of trading, compliance and IT heads are wrestling with the problems of understanding what regulatory changes will mean for them, and what they will have to do, and how much they will have to spend, to comply with those changes. The PLUS-TS offering aims to take all the problems away for a fixed-license fee and provides a comprehensive solution for all concerned.
(CM)