Aquis Exchange

High quality, low impact equities trading

  • Pan-European exchanges*
  • Unique subscription pricing model for pan-European equities trading
  • Lit order books with no aggressive non-client proprietary trading
  • Lower toxicity and signalling risk than other trading venues in Europe**

One day all trading will be like this

 

Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK (Aquis Exchange UK) and in EU27 (Aquis Exchange Europe) respectively.

Aquis operates lit order books and does not permit aggressive non-client proprietary trading, which has resulted in lower toxicity and signalling risk 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 applies 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 security that they execute. This model can significantly reduce the cost of trading.

Subscription pricing

Unique subscription pricing model based on message count rather than basis points on value traded. Passive messages are free. The highest subscription tier allows unlimited trading. Aquis Exchange is the first European trading venue to introduce and operate wholly on a subscription pricing model.

No aggressive non-client proprietary trading

Lit order book that does not allow aggressive, non-client, proprietary trading, giving Aquis Exchange significant liquidity at the touch, often better prices and more tradable liquidity than any other alternative platform.

Low market impact

Lowest market impact among lit equity trading venues in Europe. Independent data from LiquidMetrix shows that a trade on Aquis is less likely to lead to a price movement than on other lit markets.

Market at Close (MaC) order type

Market at Close (MaC) order type, allows Members to enter orders for matching on the Aquis platform at the closing price of the market of listing end-of-day auction.

"Aquis frequently has the best price on its own, the deepest liquidity, the lowest cost of trading and the fastest technology, making it an essential venue for brokers’ best execution requirements."

Source: LiquidMetrix