Aquis Exchange PLC Aquis launches Dark to Lit Sweep
06 June 2023 - 4:00PM
RNS Non-Regulatory
TIDMAQX
Aquis Exchange PLC
06 June 2023
6 June 2023
Aquis Exchange PLC
("Aquis" or the "Company")
Aquis launches Dark to Lit Sweep, providing easier access to
liquidity across both order books
Aquis Markets, the pan-European equities trading division of
Aquis Exchange PLC, has launched new 'Dark to Lit Sweep'
functionality on its UK and EU platforms. Dark to Lit Sweep allows
members to sweep from Aquis' dark book, the Aquis Matching Pool
(AMP), to the lit book with a single order.
Using Aquis Dark to Lit Sweep, members can further benefit from
Aquis' low latency technology to find the best possible price
across both order books, while keeping market impact low. Members
can choose for their order to be cancelled if no immediate opposing
order is found on either book, or they can rest on the lit book
until a buyer/seller matches with the remainder of their order.
A variation of Dark to Lit Sweep is also available for liquidity
providers and non-client proprietary business, who can use the Dark
to Lit Post-Only (DLPO) option to check AMP for any mid-point
liquidity before posting the remainder of their order on the Lit
book.
Aquis added dark trading to its suite of trading services in
2022 after assuming the assets of UBS MTF, subsequently migrating
it onto in-house technology and launching an EU equivalent
alongside AMP UK. AMP has seen a 25% increase in average daily
value traded in April 2023 compared to April 2022 and added 6
additional users.
David Stevens, Chief Revenue Officer, said:
"At Aquis we are intent on offering our members multiple options
to execute their flow with as minimal impact and cost as possible.
That is why we launched our dark pool (AMP) a year ago and continue
to enhance the functionality of Auction on Demand (AoD). We intend
to further expand our range of order types and functionality in
2023. Dark to Lit sweep is a natural extension of our overall
strategy and will let members access AMP and the unique attributes
of our lit book with maximum efficiency."
To learn more about Aquis Markets, visit:
https://www.aquis.eu/markets
Enquiries:
Aquis Exchange PLC Tel: +44 (0) 20 3597 6321
Alasdair Haynes, CEO
Richard Fisher, CFO
Adele Gilbert, Head of Marketing
VSA Capital Limited (AQSE Corporate Adviser) Tel: +44(0)20 3005 5000
Andrew Raca
Liberum Capital Limited (Nominated Adviser and Joint Broker) Tel: +44 (0) 20 3100 2000
Chris Clarke
Clayton Bush
Edward Thomas
Kane Collings
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523 8000
Emma Gabriel
Patrick Dolaghan
Alma PR (Financial PR Adviser) Tel: +44 (0)20 3405 0209
Josh Royston aquis@almapr.co.uk
Kieran Breheny
Pippa Crabtree
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.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAFAMFTMTTMBBJ
(END) Dow Jones Newswires
June 06, 2023 02:00 ET (06:00 GMT)
Aquis Exchange (LSE:AQX)
Historical Stock Chart
From Apr 2024 to May 2024
Aquis Exchange (LSE:AQX)
Historical Stock Chart
From May 2023 to May 2024