Trading on Plus, an upstart UK exchange, more than quadrupled in November after the launch of a new trading system and an expansion in the number of stocks traded.
Trading activity on Plus leapt 220% in November on October to 206,442 bargains, worth some £1.6 billion ($3.24 billion). In terms of value, trading in November was up 300% compared with the month before and volumes were also up 250% compared with one year earlier.
Plus, which operates a quote-driven market on a new platform built by OMX, last October increased the number of stocks it trades to include all London-listed shares, including those of the FTSE100. The exchange also admitted five new members, bringing the total to 53.
The new...
