GXG MARKETS OFFERS HOME TO PLUS LISTED COMPANIES
(Thomson Reuters ONE) -
GXG Markets, the three-tiered stock exchange focused on SMEs, is offering a home
to companies listed on Plus-SX as the English exchange winds down its business.
It will offer firms a fast track admission process to its MTF (Multi-trade
Facility) as Plus is a European recognised market. Plus announced this morning
that it is to wind down its business in consultation with the FSA over the next
six months.
The GXG Market quote will ensure that PLUS quoted companies will experience
minimal disruption to their operations, whilst their shareholders will continue
to be able to have the ability to trade their shares.
The GXG Markets MTF is a European Multilateral Trading Facility that provides an
equivalent market status as PLUS SX and provides UK brokers the ability to clear
and settle trades through CREST.
GXG has 23 British companies listed on either its OTC or MTF facilities with
another six applications being processed.
Simon Kiero-Watson, Managing Director of GXG, said: "GXG Markets are pleased to
offer a cost effective solution to ensure that companies traded on PLUS SX
obtain a suitable alternative arrangements for the trading of their shares".
-ends-
About GXG Markets:
GXG Markets is an exchange operator focusing on European small and medium sized
enterprises. GXG Markets operates a European regulated market and Multilateral
Trading Facility (MTF) in accordance with the MiFID legislation, under the
supervision of the Danish FSA (Finanstilsynet).
The GXG marketplaces are run electronically, using parent company GXG Global
Exchange Group's proprietary trading system GXG Tellus. GXG Markets, founded in
1998, was established in London last year.
Contact:
GXG Markets, Simon Kiero-Watson
Phone: 0207 653 1935
E-mail: info(at)gxgmarkets.com Web: www.gxgmarkets.co.uk
City Road Communications, Paul Quade
Phone: 0207 248 80 10 E-mail: paulquade(at)cityroad.uk.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: GXG Markets via Thomson Reuters ONE
[HUG#1611899]
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2012 - 15:38 Uhr
Sprache: Deutsch
News-ID 146076
Anzahl Zeichen: 2853
contact information:
Town:
Horsens
Kategorie:
Business News
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"GXG MARKETS OFFERS HOME TO PLUS LISTED COMPANIES"
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