Aquis Exchange is an independent, 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.

Key differentiators

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. Subscription pricing is available in the Document Library.

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