AQUIS EXCHANGE POSTS RECORD MARKET SHARE STATISTICS
September 3, 2018
Market share of continuous trading over 3% in August
LONDON – 3 September 2018 – Aquis Exchange PLC (AQX.L), the exchange services group, which operates the pan-European cash equities trading MTF, Aquis Exchange, today announced that it has achieved a record market share of 3.17% for continuous trading for the month of August, up from 2.66% the previous month. On 23 August, market share hit an all-time high of 3.49%.
The value of shares traded hit €21.7bn in August, versus €19.2bn in July and average daily volume was up 8.3% on the trailing month. Other highlights include a market share of 4.89% in the top Swiss stocks (SMI 20) and 4.71% in the UK’s FTSE 250.
Aquis Exchange, which is authorised and regulated by the UK Financial Conduct Authority operates a lit order book for top stocks from 14 European markets. A disruptive market force, Aquis is unique in not allowing aggressive non-client proprietary trading. As confirmed by independent third-party studies, this means that toxicity and signalling risk are lower on Aquis than other trading venues in Europe. Aquis is also differentiated in the market by its innovative 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.
Alasdair Haynes, CEO of Aquis Exchange, said: “This is an important chapter in the development of the Aquis story. Today’s statistics validate our business model and put us firmly in the top tier of European exchanges. Crucially, this landmark fulfils – well ahead of time – the prediction made at our June IPO that we would achieve 3% market share by the end of 2018. I would like to thank our Members for helping us achieve this target and for their continued support.”
*About Aquis Exchange
*Aquis Exchange PLC is an exchange services group, which operates a pan-European cash equities trading exchange (Aquis Exchange) and develops and licenses exchange software to third parties (Aquis Technologies).
Aquis Exchange PLC (AQX.L) is listed on the London Stock Exchange’s AIM.
Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority to operate a Multilateral Trading Facility. Aquis MTF 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 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 is the software and technology division of Aquis Exchange PLC. It creates and licenses cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.