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Aquis Exchange receives regulatory approval for French MTF
Aquis Exchange PLC (AQX.L), the exchange services group, which operates the pan-European cash equities trading MTF, Aquis Exchange in London, and develops and licenses exchange software to third parties, today announced that its fully-owned French subsidiary Aquis Exchange Europe, has received approval from the relevant French authorities to operate an MTF in Paris. This will enable Aquis to continue providing stock trading services to its Members across Europe following the UK’s planned departure from the European Union (Brexit), which may be as soon as end March 2019.
Aquis Exchange has received the go-ahead from the relevant French competent authorities: Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Autorité des Marchés Financiers (AMF). The new company, Aquis Exchange Europe, has an office in Paris and is classed as an investment firm, authorised to operate a multilateral trading facility.
Graham Dick, currently Head of Sales and Business Development at Aquis Exchange PLC, will relocate to Paris and assume the role of CEO of Aquis Exchange Europe.
**Alasdair Haynes, CEO of Aquis Exchange, said: **
“We are delighted to have secured an avis favorable from the ACPR and AMF well ahead of Brexit and feel confident that with two MTFs – one in the UK and one within the EU-27 – we are now very well positioned to offer our Members an uninterrupted service, whichever form Brexit takes. I would also like to thank our Members again for their on-going support and wish Graham all the best in his new role.”
LONDON – 24 January 2019