Markets in Financial Instruments Directive (MiFID)
Following are various documents supporting the new PLUS Trading Rules under MiFID.
Normal trading hours of home markets of PLUS securities
The Mandatory Quote Period (MQP) is the normal trading hours of the home market for each PLUS security. Where PLUS is the home market, the mandatory quote period shall be 08:00-16:30 UK time. Download a copy of the complete list
here
Guidance on on-exchange transactions
To assist members, PLUS has prepared regulatory guidance (in the form of flow-diagrams) which sets out the process for determining whether or not a transaction is on-exchange.
Broker Flow Diagram
Market Maker Flow Diagram
Final list of PLUS securities
PLUS will be offering trading services in 7,206 securities admitted to trading on EU Regulated Markets including 894 securities which are classified as "liquid shares". This is in addition to the securities of PLUS-quoted and AIM companies which are available to be traded on the PLUS market. A final list of PLUS securities can be downloaded
here
Exchange Market Sizes (EMS)
PLUS requires each market maker registered in a PLUS security to display a two-way quote in a minimum size known as the Exchange Market Size ("EMS") which is firm to an enquiring broker. To check the EMS requirement for PLUS securities, download the EMS document
here
Conversion rates to PLUS trading currencies
To download a copy of conversion rates to PLUS trading currencies for reference data service please click
here
Tick sizes for PLUS securities
Download a list of the tick sizes for PLUS securities
here