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RCS - Aquis Exchange PLC - Transfer of UBS MTF business activities to Aquis

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RNS Number : 8920E  Aquis Exchange PLC  16 March 2022

16 March 2022

Aquis Exchange PLC

("Aquis" or the "Group")

UBS MTF - Transfer of business activities to Aquis Exchange

 

Aquis Exchange (AQXE), the pan-European large and mid-cap equities trading arm
of Aquis Exchange PLC, announces that it will assume the business activities
of UBS MTF, the non-displayed matching pool of UBS MTF Limited (a subsidiary
of UBS AG), subject to regulatory approval and completion.

 

From a Member perspective, the shift in ownership is planned to be seamless
with no disruption to the service as there will be no immediate regulatory or
technical changes necessary. Clients, including UBS, will continue to benefit
from an efficient, cost-effective marketplace with significant liquidity.

 

Once the transfer is complete, the venue will be known as Aquis Matching Pool
(AMP).

 

This transfer forms part of the planned 2022 financial targets for AQXE and is
anticipated to have a relatively small positive impact on AQXE results during
2022.

 

Enquiries:

Aquis Exchange PLC via

 Alma PR (Financial PR Adviser):                                Tel: +44 (0)20 3405 0209

 Susie Hudson                                                   aquis@almapr.co.uk

 Kieran Breheny

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

 Andrew Raca

 Pascal Wiese

 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

 Bobbie Hilliam

 Patrick Dolaghan

 

Notes to Editors

About Aquis Exchange PLC

Aquis Exchange PLC is an exchange services group, which operates pan-European
cash equities trading businesses (Aquis Exchange), growth and regulated
primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange
software to third parties (Aquis Technologies).

Aquis Exchange is authorised and regulated by the UK Financial Conduct
Authority and France's Autorité des Marchés Financiers to operate
Multilateral Trading Facility businesses in the UK/Switzerland and in EU27
respectively. Aquis operates lit order books 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. According to
independent studies, trades on Aquis are less likely to lead to price movement
than on other lit markets. 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 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 Technologies is the software and technology division of Aquis Exchange
PLC. It creates and licenses cutting-edge, cost-effective matching engine and
trade surveillance technology for banks, brokers, investment firms and
exchanges.

Aquis Exchange PLC (AQX.L) is listed on the AIM Market of the London Stock
Exchange plc. For more information, please go to www.aquis.eu
(http://www.aquis.eu) .

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