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Screenshot of a breaking news alert e-mail from Q2 2017
FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that effective today its shares will be listed on the NEX Exchange Growth Market.
LCG shares will also continue to be listed on London Stock Exchange’s AIM.
The NEX Exchange Growth Market, or “the other London stock exchange”, is operated by NEX Group PLC (LON:NXG) (formerly ICAP plc) and is aimed at smaller cap and growth companies. With a share price of 1.51p, a market cap of £5 million and fairly low daily trading volumes on its AIM listing, it looks like LCG is looking to attract a different type of shareholder to its ranks via the NEX Exchange.
In the first half of 2017 LCG reported client trading volumes up 25% from the second half of last year, totaling £127 billion (or about USD $28 billion per month).