21 August 2017
Find out more

Plus Markets and Direct Edge sign TransAtlantic co-operation pact

19 November 2008  |  5664 views  |  0 stock quotes

UK small and mid-cap exchange Plus Markets is to partner with the US-based Direct Edge ECN to explore strategic opportunities for the listing and trading of stocks in US, UK and EU markets.

The two parties have entered into a Memorandum of Understanding, which is both non-binding and non-exclusive, as the basis for their future co-operation.

Direct Edge, which is currently in the process of converting to an SEC-regulated stock exchange, is the fourth largest equity trading platform in the US after Nyse (and its subsidiary Amex), Nasdaq and Bats, and handles an average of over a billion shares a day (accounting for over 10% of US trading volume) through its platforms.

Simon Brickles, chief executive officer of Plus Markets says: "Together, as the European markets adjust to a post-MiFID environment, we believe there are exciting opportunities which we can leverage."

The two parties were introduced by Rosenblatt Securities at their Global Exchange CEO & Investor Conference in New York.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

New platforms to challenge LSE on reference data

New platforms to challenge LSE on reference data

23 September 2008  |  8450 views  |  0 comments
Plus takes LSE to court over "anti-competitive" trade reporting rule

Plus takes LSE to court over "anti-competitive" trade reporting rule

19 September 2008  |  8724 views  |  0 comments
Plus to launch dark liquidity pool

Plus to launch dark liquidity pool

23 July 2008  |  6783 views  |  0 comments
Plus terminates talks with Turquoise

Plus terminates talks with Turquoise

19 October 2007  |  7365 views  |  0 comments
Goldman takes minority stake in Direct Edge ECN

Goldman takes minority stake in Direct Edge ECN

13 August 2007  |  6194 views  |  0 comments
Citadel buys into Knight's Direct Edge ECN

Citadel buys into Knight's Direct Edge ECN

18 July 2007  |  5652 views  |  0 comments
OMX inks Plus Markets technology deal

OMX inks Plus Markets technology deal

30 April 2007  |  6029 views  |  0 comments
Plus Markets narrows losses; increases turnover

Plus Markets narrows losses; increases turnover

23 March 2007  |  4336 views  |  0 comments
Plus Markets to raise £25m in placing

Plus Markets to raise £25m in placing

13 December 2006  |  4869 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10987 views comments | 24 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9227 views 0 | 5 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9141 views comments | 21 tweets | 26 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9038 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8858 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job