LSEB Lon.Stk.Exch.B

 

TIDMLSE TIDMLSEB 
 
RNS Number : 0158T 
London Stock Exchange Group PLC 
29 May 2009 
 

29 May 2009 
 
 
RESOLUTION OF THE LITIGATION BETWEEN PLUS MARKETS PLC AND LONDON STOCK EXCHANGE 
PLC 
 
 
The London Stock Exchange ("LSE") and PLUS Markets ("PLUS") are pleased to 
announce that they have successfully resolved their dispute concerning trading 
in the securities of AIM companies.  Under the resolution, the LSE will receive 
all the information it requires for regulatory purposes, and market makers will 
be able to quote and trade report in all AIM securities on PLUS's markets 
without any additional trade reporting requirements to the LSE.  No admissions 
are made by either Party, PLUS waives its damages claims, and each side will 
bear its own legal costs. 
PLUS will provide real-time trading data to the LSE to support its regulatory 
obligations. This reflects the important role played by the LSE in regulating 
AIM companies and ensuring their compliance with the AIM rules.  The resolution 
will enable PLUS to offer trading services in all AIM securities. 
The LSE will make changes to its rulebook such that firms will have the right to 
choose whether to trade AIM securities under the rules of PLUS's markets, or 
under the rules of the LSE. This approach allows PLUS and PLUS-Europe to operate 
as independent execution venues. 
The agreed structure (including rulebook changes) will be implemented as soon as 
possible and in any event by 1 September 2009. 
Having settled this matter to mutual benefit, the parties have agreed not to 
comment further upon the recent dispute but rather to continue to concentrate on 
their wider business interests and in promoting London as being not only amongst 
the best regulated centres of international finance but also the most 
competitive. 
 
 
-END- 
 
 
Further information is available from: 
 
 
+------------------------+------------------------------+----------------------+ 
| London Stock Exchange  | Patrick Humphris - Media     | +44 (0) 20 7797 1222 | 
+------------------------+------------------------------+----------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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