Financial Times: Trading venue Aquis Exchange to start trading

November 12, 2013

Aquis Exchange, Europe’s newest share trading venue, will begin operations on November 26 after obtaining a licence from UK authorities last week. The London-based group will roll out trading in two stages, it said in a note issued to clients on Monday afternoon, writes the FT’s Trading Room editor Philip Stafford.

The first stage will begin trading UK, French and Dutch blue chips. The second stage, in which it will trade all stocks in 14 European markets, will be completed by the end of January.

Aquis wants to shake-up the European market, which is in effect divided between the incumbent national exchange and BATS Chi-X Europe, the region’s largest stock exchange.

It plans to introduce tiered monthly subscriptions for trading, based on the volume of messaging traffic users generate. In addition to trading 1,500 of Europe’s most liquid stocks, it plans to roll out a a quote-driven system for smaller stocks at a later date.