Connect to
Aquis Exchange

Aquis Exchange welcomes enquiries from firms that are interested in becoming a trading Member, connectivity provider, software vendor or market data provider.

Trading membership of Aquis Exchange is open to EEA regulated investment firms or credit institutions. Aquis Exchange may also consider unregulated firms for Membership upon provision of additional information by the applicant.

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Fees

The Aquis Exchange approach to pricing is simple, fair and transparent. Similar to the telecoms industry, Members are charged according to the message traffic they generate rather than a basis point commission on the value of each stock that they trade.

Aquis Exchange has different pricing bands to accommodate varying degrees of usage. For example:

  • A very low usage band for small firms, which are traditionally disadvantaged by the pricing structures of incumbent exchanges.
  • An upper band for the largest consumers, where usage is unlimited (subject to a fair usage policy).
  • Messages relating to posted (passive) liquidity are not counted in the allowance.

Aquis Exchange does not charge any additional fees for connectivity and market data.

The complete Fee Schedule is available in the Document Library.

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Connectivity

Members can trade on Aquis Exchange either using the industry standard FIX Protocol or the Aquis Trading Protocol (ATP).

Aquis Exchange's primary data centre is located within Equinix's campus in Slough (Berkshire, UK). Equinix is one of Europe's best connected financial hubs offering resilient and secure facilities.

Aquis Exchange's secondary data centre is located at Interxion's City of London campus. Members can choose to connect to Aquis Exchange via:

  • Cross-connect (co-location) at Aquis Exchange's primary data centre, Equinix LD4
  • Direct leased lines
  • Extranets
  • Internet VPN (for test access only)

In addition to direct connectivity, Aquis Exchange supports VPN over the internet, however this facility is limited to test and conformance systems only.

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Direct Connection
Within LD4

1Gb cross connect - copper or multi-mode fibre only. Aquis Exchange is located within copper distance from most areas within LD4.

10Gb cross connect – multi-mode fibre only.

BGP peering available on request.

Leased
lines

Up to 1Gb via copper, single mode or multi-mode fibre.

10Gb leased lines may be accepted if enough interest is generated.

BGP peering available on request.

Extranet
/ Cloud

Aquis Exchange works with a range of extranet suppliers. The major providers are:

BT Radianz / CenturyLink Business / Colt MarketPrizm / FIS Global / Fixnetix / ICE SFTI / IPC / TMX Atrium / TNS Financial

Extranet Suppliers

Market data and vendors

Market data is available directly from Aquis Exchange or via a range of market data vendors. Aquis Exchange’s market data feed is provided via a number of IP multicast feeds.

Aquis Exchange supports the Uniform Symbology (UMTF codes) as well as ISIN and RIC codes. Aquis Exchange has been allocated the following vendor and MIC codes:

  • Bloomberg suffix – QX
  • Thomson Reuters RIC code – .AQX
  • Market Identifier Code (MIC) – AQXE
  • Business Identifier Code (BIC) – AQXEGB21
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Aquis Exchange market data is available from:

Post trade

Aquis Exchange offers interoperable clearing, allowing Members to choose between EuroCCP, LCH.Clearnet, SIX x-clear or a combination of these to clear their trades.

Members are able to select different CCPs for different markets on Aquis Exchange. Members also have the option to self-clear their trades or to use a clearing provider.

Settlement takes place in accordance with the respective requirements and settlement timeline of the local Central Securities Depository (CSD) for each security.

Clearing providers that Members may choose from include:

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