Trading shares via CREST is particularly important for institutional investors, says Invu finance director John Agostini.

“They want to buy and sell shares simply,” he says. “They want to wake up in the morning, put in a bid, have someone take that bid and have the whole process done electronically.”

Invu undertook a massive capital restructuring exercise recently to delist in the US as some of the shares it had issued – Regulation S shares – couldn’t be traded electronically via the electronic settlement and registration system.

“You have to go back to paper shares,” Agostini says. “The quickest you can trade those is three or four days but on average, settlement takes eight days.”

These days, however, all of Invu’s shares are traded electronically.

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Tags: crest, john agostini, finance director, capital restructuring, regulation s, electronic trading, invu, fd, shares,

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