Plus Markets, a small and mid-cap stock exchange based in London, confirmed that it is moving into derivatives.
It will offer a new exchange venue in London, the Plus
Derivatives Exchange. The exchange will initially list interest
rate swaps and already has Recognised Investment Exchange
It will offer fixed for floating interest rate exposure and
products will be linked to the FTSE Medium Term Interest Rate
Swap Index series. Its licence agreement with the FTSE Group
will allow it to launch a range of interest rate swap products
in different currencies.
It will initially offer an OTC cleared service. Then, if
there is sufficient demand, it will offer exchange-traded index
products, listed and traded on Plus.