PLUS Markets Group was a UK electronic stock exchange based in London for small cap companies.[2] It was a market operator under MiFID Markets in Financial Instruments Directive, and was both a regulated market and a multilateral trading facility.
PLUS Market Group was the holding company for PLUS Stock Exchange (PLUS-SX), PLUS Derivatives (PLUS-DX) and Plus Technology (PLUS-TX). It provided cash trading, listing, derivatives and technology services. After the group got into financial trouble in 2012 it looked for ways to sell the business. The exchange, containing all the listed companies and the exchange license, was sold to ICAP and the technology division was sold to GMEX Group (formerly Forum Trading Solutions).[3]
PLUS Markets was acquired by ICAP in 2012 and rebranded as ICAP Securities and Derivatives Exchange (ISDX).[2]
History
PLUS Markets grew out of a growth-company stock market named OFEX, which effectively collapsed in September 2004 after a failed fundraising.