OFEX in 2005 - will we see the resurrection?

Very interesting that volumes going through the Plus Service are growing and growing. PMK have achieved more in week (i.e. around 5% of volumes) than the LSE achieved in a whole year in the Dutch market.

The key is that the LSE are alienating their client base and this client base can take its liquidity and trade on another exchange where dealing costs are lower. Next year, the FSA introduce unbundling, brokers will be looking at ways to cut costs and paying less to the LSE is one such way.

I expect to see PMK trading the every stock on the exchange. Small cap and Aim are just the beginning.

W