Aquis Exchange, the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC, is pleased to announce “the launch of its European dark trading venue, the Aquis Matching Pool (AMP) EU.”
This marks the expansion of Aquis Exchange’s dark trading service, which was previously “only available as a UK venue, and complements its existing suite of cost-effective, low market-impact order books and trading services.”
It is anticipated that this will “result in increased trading flow, market share and subsequent revenue for the MTF business.”
Furthermore, Aquis Exchange anticipates “completion of the migration of its existing UK dark pool (UK AMP) onto its in-house technology on 19 September 2022.”
As previously announced, the UK AMP was “assumed by the Group from UBS in April 2022 via a seamless shift in ownership, with no disruption to existing services.”
David Stevens, Chief Revenue Officer, said:
“We are very excited about the launch of AMP. Aquis has built its reputation on being innovative and agile, creating a highly differentiated offering for displayed trading and our aim is to bring these characteristics to dark trading. Dark trading continues to grow in Europe and we intend for Aquis to be an important player in this market. The launch of EU AMP therefore represents an important milestone for Aquis as we continue to grow our presence in this space.”
As noted in the update, Aquis Exchange PLC and its subsidiaries are “an exchange services group, which operate a pan-European cash equities trading businesses (Aquis Exchange), a growth and regulated primary market (Aquis Stock Exchange/AQSE) and develop/license exchange software to third parties (Aquis Technologies).”
Aquis Exchange is “authorized 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 Exchange operates lit and dark order books, covering 16 European markets.”
For its lit books, Aquis Exchange 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 signaling risk on Aquis Exchange than other trading venues in Europe.”
Aquis Exchange PLC is “quoted on the Aquis Stock Exchange and on the Alternative Investment Market of the LSE (AIM) market.”