RCS - Aquis Exchange PLC - Aquis launches conditional order functionality

Aquis ExchangeAnnouncement

26/02/2024 07:00

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RNS Number : 3490E  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: +44 (0)20 3597 6321
 Alasdair Haynes, CEO
 Richard Fisher, CFO                                         Tel: +44 (0)20 3597 6329

 Adele Gilbert, Head of Marketing & Investor Relations

 Investec Bank plc (Nominated Adviser and Broker)            Tel: +44 (0)20 7597 4000
 David Anderson
 Bruce Garrow
 Lydia Zychowska

 St John Hunter

 Canaccord Genuity Limited (Joint Broker)                    Tel: +44 (0) 20 7523 8000

 Emma Gabriel

 George Grainger

 VSA Capital Limited (AQSE Corporate Adviser)                Tel: +44(0)20 3005 5000

 Andrew Raca

 Alma Strategic Communications (Financial PR Adviser)        Tel: +44 (0)20 3405 0209
 Josh Royston                                                aquis@almastrategic.com

 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 four divisions:

Aquis Markets (https://www.youtube.com/watch?v=cQWgKDukf6Y&t=21s) 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 (https://www.youtube.com/watch?v=ztBmdLRrNYI) 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 (https://www.youtube.com/watch?v=rVdYS1ILwsQ&t=17s) licenses
market data from Aquis Markets and Aquis Stock Exchange.

Aquis Stock Exchange (https://www.youtube.com/watch?v=9Wb-peKCH9A&t=45s)
(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
(http://www.aquis.eu/) .

 

 

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