Financial conglomerate Spotlight Group is currently in negotiations with several different parties about becoming members of its stock exchange, CEO Peter Gönczi told Finwire.
"These negotiations are at varying stages," he said.
Last Thursday, Spotlight Group announced that Instinet would become a new member of the exchange. In short, this means that Instinet will gain access to stocks and ETPs listed on the Spotlight Stock Market.
The Spotlight Group chief emphasized that CCP clearing--which the group arranged last year--is a key factor in enabling international players to join as members. Previously, Finnish firm Lago Kapital also became a member of the exchange.
Instinet is owned by Japanese investment banking giant Nomura.
