TradeLabs admitted to 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.

TradeLabs acquired the four algorithms last year, together with income receivable from 700 subscribers who use them to run strategies on US futures exchanges. The placing of 200 million shares at 20.25p was handled by broker St Helen’s Capital, and VerrasLaw was delighted to provide the Jersey legal advice to TradeLabs.