Transfer of UBS MTF business activities to Aquis Exchange completed
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Published:
April 1, 2022
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Aquis Exchange PLC
(“Aquis” or the “Group”)
(“Aquis” or the “Group”)
Regulatory approval received for AQXE to run non-displayed pool
Aquis Matching Pool (AMP) to operate from 4 April 2022
Aquis Exchange (AQXE) the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC, announces that it has secured the necessary regulatory approval from the UK’s Financial Conduct Authority to operate a non-displayed matching pool. Accordingly, the transaction to assume the business activities of UBS MTF Limited (a subsidiary of UBS AG), announced on 16 March 2022, is now complete.
Aquis Matching Pool (AMP) to operate from 4 April 2022
Aquis Exchange (AQXE) the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC, announces that it has secured the necessary regulatory approval from the UK’s Financial Conduct Authority to operate a non-displayed matching pool. Accordingly, the transaction to assume the business activities of UBS MTF Limited (a subsidiary of UBS AG), announced on 16 March 2022, is now complete.
The new venue operated by AQXE will be known as Aquis Matching Pool (AMP) and will begin trading on 4 April 2022.
From a Member perspective, the shift in ownership is planned to be seamless with no disruption to the service and users will continue to benefit from an efficient, cost-effective marketplace with significant liquidity.
Enquiries
| Advisor | Contacts | Phone/Email |
|---|---|---|
| Alma PR (Financial PR Advisor) | Susie Hudson Kieran Breheny | Tel: +44 (0)20 3405 0209 / aquis@almapr.co.uk |
| VSA Capital Limited (AQSE Corporate Advisor) | Andrew Raca, Pascal Wiese | Tel: +44(0)20 3005 5000 |
| Liberium Capital Limited (Nominated Advisor and Join Broker) | Chris Clarke, Clayton Bush, Edward Thomas, Kane Collings | Tel: +44 (0) 20 3100 2000 |
| Canaccord Genuity Limited (Joint Broker) | Bobbie Hilliam, Patrick Dolaghan | Tel: +44 (0) 20 7523 8000 |
Notes to Editors
About Aquis Exchange PLC
Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).
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/Switzerland and in EU27 respectively. Aquis operates lit order books and does not allow aggressive non-client proprietary trading, which has resulted in lower market impact 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 uses 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 stock that they trade.
Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue. The AQSE Growth Market is divided into two segments 'Access' and 'Apex', with different levels of admission criteria. The Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.
Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the AIM Market of the London Stock Exchange plc. For more information, please go to www.aquis.eu.
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/Switzerland and in EU27 respectively. Aquis operates lit order books and does not allow aggressive non-client proprietary trading, which has resulted in lower market impact 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 uses 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 stock that they trade.
Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue. The AQSE Growth Market is divided into two segments 'Access' and 'Apex', with different levels of admission criteria. The Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.
Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the AIM Market of the London Stock Exchange plc. For more information, please go to www.aquis.eu.