Recognised Plus Markets platform supports business hike

Investment exchange Plus Markets has increased the value of trades completed in a year by 150% in 2007 with its new trading platform contributing to a strong December.

Investment exchange Plus Markets has increased the value of trades completed in a year by 150% in 2007 with its new trading platform contributing to a strong December.

The company, which achieved recognised trading exchange status in July last year, completed the implementation of core trading platform from OMX in November.

Trading platforms are more important than ever with the explosion in algorithmic trading, which automates trades when prices reach a certain level.

It recorded a record 28,000 trades on Monday.

A Plus Markets spokesman said the OMX platform has enabled the exchange to list 7,500 companies rather than the roughly 1,200 it had before. "Prior to November, the average number of trades per day was 4,000, and now it is about 20,000," he said.




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