TradeLabs Plc, a technology-based business that owns and exploits fully automated trading software for securities trading and runs its own proprietary trading desk, has joined PLUS.

TradeLabs Plc, a technology-based business that owns and exploits fully automated trading software for securities trading and runs its own proprietary trading desk, has joined PLUS. Its market capitalisation on admission was £40.5 million.

Prior to admission, TradeLabs raised £6 million of equity finance and some £2.1 million of debt, which will be used to develop the business.

TradeLabs aims to benefit from the general shift to electronic trading and a shift from quote-driven to order-driven systems. Its software should also provide dealers and traders with much more control over their trading positions while complying with a tighter regulatory environment.