// EXPERT PROFILE // secondary market liquidity platforms , these rely on traditional public market infrastructure providers , such as brokers and other intermediaries , who levy charges based on transactional activity .
A pending development is the Private Intermittent Securities and Capital Exchange System ( PISCES ), which Chancellor Rachel Reeves has committed to establishing by May this year . Once introduced , it will enable the
likes of the London Stock Exchange Group to operate a platform that would , in effect , allow a company to go public temporarily while providing access to a wider pool of investors before reverting to its private status .
However , there is some uncertainty about demand for PISCES , and the practical costs of this platform also need to be resolved before the concept can be realised . We will wait until May to see what the final platform
Cees Vermaas , CEO , The International Stock Exchange will look like , but , from what we know , PISCES will bring with it many of the obligations of being a publicly listed company . This includes the involvement of brokers and
// other intermediaries who charge fees and commissions for their services . Private companies stay private to avoid this additional bureaucracy and cost .
SMEs in particular could benefit from an efficient solution that could help them grow . Afterall , they are the lifeblood of the British economy . SMEs provide the bulk of goods and services we all use , create most of the employment and generate tax revenues and export overseas . However , their ability to access capital is still hindered by the cumbersome processes that come with buying
TO ENABLE PRIVATE COMPANIES TO GROW , IT IS CRUCIAL TO IMPROVE SHARE LIQUIDITY FOR STAKEHOLDERS AND ATTRACT INVESTMENT .
Intelligent SME . tech
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