CFI.co announces Aquis Exchange as winner of the Best Securities Trading Platform Europe 2018 Award
October 18, 2018
The CFI.co judges have conferred on their Best Securities Trading Platform Europe 2018 Award on Aquis Exchange PLC. Highlights of the judging panel’s findings include:
- Effective disruptor rapidly gaining market share with innovative initiatives
- Created a distinctive subscription service and forward-thinking fee structure
- Ban on aggressive non-client proprietary trading
The judging panel’s full report:
Aquis Exchange: Best Securities Trading Platform Europe 2018
Securities trading has needed a disruptor. In Europe, just such a disruptor emerged in late 2013: share-trading platform Aquis Exchange. The Company is rapidly gaining market share by delivering liquidity, competition and fresh ideas to the European equity market. Aquis provides an alternative model for institutions, and the CFI.co judging panel was impressed by its “pay for what you consume” fee structure. The judges also applaud the European subscription service – positioned as the “Spotify for trading” – that Aquis has created. Equally welcome is its ban on aggressive non-client proprietary trading. The result is lower signalling risk and market impact when compared with other European platforms. This must have seemed a high-risk strategy for a new Company hoping to gain market share, but Aquis CEO Alasdair Haynes’ bold strategy has proven itself by helping to create liquidity. Its anticipation of customer reactions to regulatory changes, and its understanding of the need for transparency, paid-off in a highly successful IPO in June. The CFI.co judging panel thinks other markets would benefit from similar disruptive initiatives and applauds the responsible and dynamic example set by Aquis Exchange. The judges are pleased to confer the award for Best Securities Trading Platform – Europe, 2018, on Aquis Exchange.
For further information, please contact:
Mr Wim Romeijn
Tel +44 (0)203 137 3679
About Aquis Exchange
Aquis Exchange is a Pan-European cash equities trading venue with a unique, subscription based, pricing model. Aquis Exchange uses its own highly-performant trading technology, which is developed in-house. Aquis Exchange’s technology is also available for licencing to third parties via the Company’s software division, Aquis Technologies.
Aquis Exchange is authorised and regulated by the Financial Conduct Authority to operate a multilateral trading facility. The Company was launched in November 2013 to introduce competition and innovation to the market.
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
CFI.co is a print journal and online resource reporting on business, economics, and finance. The journal recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co covers and analyses the drivers behind that change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds – CFI.co’s dedicated editorial team ensures that readers better understand the forces influencing and reshaping the global economy.
About the CFI.co Awards Programme
Each year, CFI.co seeks out individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Reporting from frontlines of economies on the move, CFI.co realises that best practice is to be found throughout the world. The Awards Programme aims to identify and reward excellence wherever it is found. The programme aims to inspire others to further improve their own performance.
69 – 71 Clarendon Road
Hertfordshire WD17 1DS
Telephone: +44 (0)203 137 3679
Fax: +44 (0)203 137 5872
Ms Belinda Keheyan
Aquis Exchange PLC
77 Cornhill, London