Business

Plus accuses LSE of ‘abuse’

Nick Goodway11 April 2012

Plus Markets, the alternative share trading platform, today launched legal action against the London Stock Exchange, accusing it of abusing its dominant position.

Plus claims the LSE is effectively preventing it setting up in competition trading the 1600 companies listed on AIM because it insists all trades have to be reported through its systems.

Plus lawyer Jamie Whitehorn said: "We believe investors should be able to benefit from competition in trading AIM stocks in the same way they benefit from competition in trading fully listed shares. The LSE trading rule is unnecessary and disproportionate."

An LSE spokesman said: "Contrary to Plus' contention, the Exchange's regulatory requirements do not prevent firms from executing trades in AIM securities on Plus, but implements a trade reporting regime which ensures transparency and the regulatory integrity of the AIM market."

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