Aquis Markets - Change to Proprietary Trading Rule

Aquis Exchange PLC

12 September 2023

 

12 September 2023

Aquis Exchange PLC

("Aquis", the "Company" or the "Group")

Aquis Markets - Change to proprietary trading rule

Aquis Exchange PLC (AQX.L) announces that it intends to change the proprietary trading rule on its UK and EU trading platforms in its Aquis Markets division.

The rule, which does not allow aggressive non-client proprietary trading, was introduced by Aquis in 2015 and has successfully reduced market impact and signalling risk. However, in response to member demand Aquis will change the rule to allow liquidity providers the option to choose if they wish to interact with aggressive non-client proprietary trading or not.

This innovative modification is consistent with Aquis' commitment to provide members with the greatest choice and flexibility when transacting on the MTF platform.

Implementation of this change will take place, subject to regulatory non-objection, in October 2023 to allow members and data providers to adapt to this change.

Aquis CEO, Alasdair Haynes said:

"The change to our proprietary trading rule is being implemented in order to provide members of the Aquis MTF with greater choice and immediacy of execution. This alongside Aquis's growing product suite will further enhance the range of execution options available to our members."

Enquiries:

Aquis Exchange PLC	Tel: [phone]
Alasdair Haynes, CEO
Richard Fisher, CFO Adele Gilbert, Head of Marketing	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 PR (Financial PR Adviser)	Tel: [phone]
Josh Royston	[e-mail]
Rebecca Sanders-Hewett
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 three divisions: Aquis Markets, a subscription-based exchange offering pan-European cash equities trading; Aquis Technologies, which develops and licenses next-generation exchange technology globally; and Aquis Stock Exchange, a growth and regulated primary exchange delivering capital to companies via the listing and trading of shares.

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 and does not allow aggressive non-client proprietary trading, which has resulted in lower market impact and signalling risk on Aquis than other trading venues in Europe.

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 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', with different levels of admission criteria. 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 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 Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu.

 

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