JP Jenkins Mike McCudden said firms generally wanted as much liquidity and trading volume as possible (image courtesy of JP Jenkins

The London Stock Exchange’s plan to let private companies trade shares just twice a year on a new private stock market will not offer firms or investors enough trading volume, according to the boss of a rival platform that hopes to launch next month.

Mike McCudden, chief executive of private shares platform JP Jenkins, told City AM that his firm’s ‘Pisces’ stock market would grant companies the opportunity for monthly or continuous trading in blocks, in a major point of difference from the upcoming product from the LSE.

“We’re offering an auction every month or every other month, or you can have continuous trading blocks,” McCudden said. “So you’ve got t

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