French Regulatory Approval

RNS Number : 9301N

Aquis Exchange PLC

24 January 2019

 

24 January 2019

Aquis Exchange PLC

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

French Regulatory Approval

Aquis Exchange PLC (AQX.L), the exchange services group which operates the pan-European cash equities trading MTF, Aquis Exchange, and develops and licenses exchange software to third parties, today announces that its wholly-owned French subsidiary, Aquis Exchange Europe, has received approval from the relevant French authorities to operate an MTF in Paris. This will enable Aquis to continue providing stock trading services to its Members across Europe following the UK's planned departure from the European Union (Brexit), which may be as soon as end March 2019.

Aquis Exchange has received approval from the relevant French competent authorities: Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Autorité des Marchés Financiers (AMF). The new company, Aquis Exchange Europe, has an office in Paris and is classed as an investment firm, authorised to operate a multilateral trading facility.

Graham Dick, currently Head of Sales and Business Development at Aquis, will relocate to Paris and assume the role of CEO of Aquis Exchange Europe.

Alasdair Haynes, CEO of Aquis Exchange, said:

"We are delighted to have secured an avis favorable from the ACPR and AMF well ahead of Brexit and feel confident that with two MTFs - one in the UK and one within the EU-27 - we are now very well positioned to offer our Members an uninterrupted service, whichever form Brexit takes. I would also like to thank our Members again for their on-going support and wish Graham all the best in his new role."

ENQUIRIES

Aquis Exchange PLC

Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Tel: [phone]

Liberum Capital Limited (Nominated Adviser and Broker)

Clayton Bush
Chris Clarke
Kane Collings
Tel: [phone]

Website:

http://www.aquis.eu

 

END

 

 

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