Aquis launches conditional order functionality

Aquis Exchange PLC

26 February 2024

 

26 February 2024

Aquis Exchange PLC

("Aquis" or the "Company")

Aquis launches conditional order functionality

Expansion of product suite gives clients another way to use Aquis' cost-effective and low-latency venues to achieve their trading objectives

Aquis Markets, the pan-European equities trading division of Aquis Exchange PLC, has today launched conditional order functionality on the Aquis UK and Aquis EU platforms. Conditional orders allow members to post the same liquidity on multiple venues simultaneously without the risk of over-trading.

David Stevens, Chief Operating Officer, said:

"The addition of conditional orders to our UK and EU platforms is an important extension to AMP, the Aquis dark pool, and means that the exchange now offers a full suite of key trading mechanisms - allowing our customers access to liquidity in a broad range of trading scenarios."

Members using the Aquis conditional functionality will be able to send an 'Indication of Interest' (IOI), which will be met with a 'firm-up invite' if there is a potential match. If the member wants to proceed with the trade, they must accept the invite within a 300 micro second time limit, with the resulting trade taking place on Aquis Matching Pool ('AMP'), the Aquis dark pool.

Members can set a Minimum Execution Size, and are able to specify if they only want a Large-in-Scale (LIS) execution, whereby their firm-up LIS order will only execute against other orders that meet the LIS criteria.

Aquis members can choose to send either a 'regular' conditional order, which can match with AMP liquidity or other conditional orders, or they will be able to choose for the order to also interact with clients of OptimX - the block trading consolidator scheduled to launch later this quarter.

Enquiries:

Aquis Exchange PLC	Tel: [phone]
Alasdair Haynes, CEO
Richard Fisher, CFO Adele Gilbert, Head of Marketing & Investor Relations	Tel: [phone]
Investec Bank plc (Nominated Adviser and Broker)	Tel: [phone]
David Anderson
Bruce Garrow
Lydia Zychowska St John Hunter Canaccord Genuity Limited (Joint Broker) Emma Gabriel George Grainger VSA Capital Limited (AQSE Corporate Adviser) Andrew Raca	Tel: [phone] Tel: [phone]
Alma Strategic Communications (Financial PR Adviser)	Tel: [phone]
Josh Royston Rebecca Sanders-Hewett	[e-mail]
Kieran Breheny

Notes to editors:

About Aquis Exchange PLC

Aquis Exchange PLC ("Aquis") is a creator and facilitator of next-generation financial markets, through the provision of accessible, simple and efficient stock exchanges, trading venues and technology.

Aquis consists of four divisions:

Aquis Markets operates lit and dark order books, covering 16 European markets. For its lit books, Aquis uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.

Aquis Technologies is the software and technology division of Aquis. It focuses on building better markets via the creation and licensing of cutting-edge, cost-effective exchange infrastructure technology and services, including matching engine and trade surveillance solutions.

Aquis Data licenses market data from Aquis Markets and Aquis Stock Exchange.

Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue. The AQSE Growth Market is divided into two segments 'Access' and 'Apex'; the Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.

Aquis is authorised and regulated by the UK Financial Conduct Authority and France's Autorité de contrôle prudentiel et de résolution and L'Autorité des marchés financiers to operate Multilateral Trading Facility businesses in the UK & Switzerland markets and in EU27 markets respectively. Aquis Exchange PLC is quoted on the Aquis Stock Exchange and on the AIM Market (AIM) of the LSE. For more information, please go to www.aquis.eu.

 

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