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Plus Markets dangles a carrot for market makers

INDEPENDENT stock exchange Plus Markets yesterday announced that it will launch a liquidity scheme as it attempts to attract more equity trading onto its platform.<br /><br />Plus, which has recently gained approval to trade Aim-listed securities, said that the Plus Liquidity Scheme will encourage market makers to direct their reported flow to the exchange by enabling them to share in a proportion of increased data sale revenues.<br /><br />&ldquo;The capability for market makers to direct all reported flow to Plus, including for Aim stocks, completes Plus&rsquo;s small and mid-cap product offering,&rdquo; said Plus chief executive Simon Brickles.<br /><br />The scheme will calculate the incentive rewards by reference to the levels of market maker flow, however the revenue shared will relate to data sale revenues, the group said.