REG - Aquis Exchange PLC - Aquis Markets - Change to Proprietary Trading Rule

Aquis ExchangeAnnouncement

12/09/2023 07:00

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RNS Number : 0726M  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: +44 (0)20 3597 6321
 Alasdair Haynes, CEO
 Richard Fisher, CFO                               Tel: +44 (0)20 3597 6329

 Adele Gilbert, Head of Marketing

 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 PR (Financial PR Adviser)                    Tel: +44 (0)20 3405 0209
 Josh Royston                                      aquis@almapr.co.uk (mailto:aquis@almapr.co.uk)
 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 (http://www.aquis.eu/) .

 

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