QPLAY has become the first company to be admitted to JP Jenkins’ private market.
It marks the opening of the world’s first PISCES liquidity event.
The Private Intermittent Securities and Capital Exchange System (PISCES), announced by the Financial Conduct Authority last year, makes it easier and quicker to trade shares in private companies.
This new type of private stock market aims to give investors more opportunities to buy stakes in growing companies.
In June 2025, the FCA introduced a set of rules for PISCES platforms, which connect buyers and sellers of shares in private companies during intermittent trading events.
JP Jenkins, an established UK venue for unlisted companies, said shares in QPLAY – makers of the Outsmarted digital board game (pictured) – will now be traded via a network of institutional intermediaries during a five-day window.
The auction will ‘uncross’ at 4.35pm on 24th March.
The intermediaries are Peel Hunt and Winterflood Securities. The JP Jenkins order book connects directly to the existing order management systems used in the London market.
JP Jenkins was acquired by FinTech provider InfinitX in 2023, enabling the display of real-time access and pricing with any registered broker or financial institution, who can then connect, execute and settle with JP Jenkins over existing market infrastructures.
In 2025, JP Jenkins received direct authorisation from the FCA and has also been granted a PISCES operator licence.