Financial News: Aquis adds eight new markets
June 2, 2014
Aquis Exchange, a fledgling European trading platform, will begin trading stocks from a further eight European countries at the end of this month as it battles to introduce a new fee model to the region’s equities markets.
Aquis will start trading the largest stocks from Belgium, Denmark, Finland, Italy, Norway, Portugal, Sweden and Switzerland from June 26, according to a statement.
The platform launched last November with the largest stocks from the UK, France and the Netherlands, and added the 30 biggest German stocks in January. Unlike the tiered pricing models operated by most exchanges, Aquis has adopted a novel, fixed monthly subscription pricing model but accounts for less than 1% of overall trading.
Aquis chief executive Alasdair Haynes said in a statement: “This expansion of our trading universe is in line with our policy of having a phased approach to growing the Aquis Exchange platform and we are confident that our subscription pricing model will continue to attract more participants.”