The Plus stock exchange is pleased to announce the launch of trade reporting for Fixed Income securities on the Plus market.
The launch responds to growing demand from private investors, providing them with a cost effective way to access fixed income securities such as UK Gilts and corporate bonds.
The new service extends PLUS's existing offer of trade reporting for equities, increasing the variety of products retail investors can access through the exchange. PLUS is focused on serving the particular needs of the retail investor community and aims to further support retail trade flow in the UK.
Commenting on the launch, Ian-Patrick Lauder, Head of Trading Services at PLUS, said: "PLUS is committed to responding to customer needs and our service meets growing interest from private investors to access the fixed income securities market, which has traditionally been the preserve of institutional investors due to the high minimum investments involved."
This development enhances access to the UK retail brokerage community that PLUS gives to market-makers.
Rachel Maguire, Business Development Director at PLUS, added: "PLUS's trading volume doubled in the second half of 2009 and this increase was largely due to individual clients trading shares. In 2010, we aim to further increase this retail flow by the addition of Fixed Income trade reporting to our product portfolio."
Stacey Parsons from Winterflood Securities said of the launch: "Winterflood Securities welcomes PLUS markets entry into Retail Fixed Income trade reporting together with the competitive rates they bring. Everything that promotes dealing in the Fixed Income Market to retail investors and helps to make the Market accessible is excellent news."