Aquis Exchange announces surge in October volume

November 1, 2016

Significantly higher than previous record set in June 2016.

Aquis Exchange, the pan-European equities trading platform and software developer*, has announced a surge in trading volume for the month of October.

Average Daily Value (ADV) in October 2016 saw a 35% hike from September and a year-on-year spike of 79%. During the same period, the European lit markets saw continuous trading essentially flat at +2.5% and down 16% respectively. Total monthly volume on Aquis Exchange in October was €12 billion, up from €7 billion the year before.

More significantly, October’s ADV on Aquis Exchange was 20.5% higher than its previous record month of June 2016. June was an extremely busy month for all European markets following the ‘Brexit’ vote in the UK. Since then, other European markets have seen volumes slide 21%.

The jump in Aquis Exchange’s volume is a result of existing Members benefitting from increased available liquidity and new clients joining the subscription-based platform.

Commenting on the performance, Graham Dick, Head of Sales and Business Development at Aquis Exchange, said: 

“We are extremely pleased with how our business has grown throughout this year. This month’s leap in volumes has vindicated the change to our unique market model† made back in February 2016. With significantly lower market impact, tighter spreads and liquidity at the touch in many markets second only to the market of listing, Aquis is definitely bucking the trend. ”

Aquis Exchange introduced a rule change on February 8, which prevents aggressive non-client proprietary trading on its platform.

For further information, please contact Belinda Keheyan on +44 203 597 6334 or bkeheyan@aquis.eu

*About Aquis Exchange and Aquis Technologies

Aquis Exchange Limited is an exchange services group, which operates a pan-European cash equities trading exchange (Aquis Exchange) and develops and licences exchange software to third parties (Aquis Technologies).

Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority to operate a Multilateral Trading Facility.  The Aquis MTF 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 operates a lit order book and does not allow aggressive non-client proprietary trading, thus toxicity and signalling risk are lower 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 Technologies is the software and technology division of Aquis Exchange Limited. It creates and licenses cost-effective matching engine and market surveillance technology for banks, brokers, investment firms and exchanges.

For more information, please go to www.aquis.eu and www.aquis.technology