ION’s Fidessa platform will support auction events on the London Stock Exchange’s (LSE) new Private Securities Market. Operating under the Private Intermittent Securities and Capital Exchange System (PISCES) framework, this new market uses the LSE’s public infrastructure to provide intermittent liquidity auctions for private companies and their shareholders.
The market aims to simplify investment in high-growth private firms. Transactions conducted on the platform will be exempt from stamp duty, a change intended to reduce costs and simplify the trading process for investors.
To ensure seamless access for its customers from the launch, ION has released updates to its Ticker Plant market data system and the Fidessa trading platform. ION’s Ticker Plant system provides real-time market data for over 275 exchanges globally.
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