Aquis Exchange PLC - Aquis launches conditional order functionality
Announcement provided by
Aquis Exchange PLC · AQX26/02/2024 07:00
26 February 2024
Aquis Exchange PLC
("Aquis" or the "Company")
Aquis launches conditional order functionality
Expansion of product suite gives clients another way to use Aquis' cost-effective and low-latency venues to achieve their trading objectives
Aquis Markets, the pan-European equities trading division of Aquis Exchange PLC, has today launched conditional order functionality on the Aquis
David Stevens, Chief Operating Officer, said:
"The addition of conditional orders to our
Members using the Aquis conditional functionality will be able to send an 'Indication of Interest' (IOI), which will be met with a 'firm-up invite' if there is a potential match. If the member wants to proceed with the trade, they must accept the invite within a 300 micro second time limit, with the resulting trade taking place on Aquis Matching Pool ('AMP'), the Aquis dark pool.
Members can set a Minimum Execution Size, and are able to specify if they only want a Large-in-Scale (LIS) execution, whereby their firm-up LIS order will only execute against other orders that meet the LIS criteria.
Aquis members can choose to send either a 'regular' conditional order, which can match with AMP liquidity or other conditional orders, or they will be able to choose for the order to also interact with clients of OptimX - the block trading consolidator scheduled to launch later this quarter.
Enquiries:
Aquis Exchange PLC |
Tel: +44 (0)20 3597 6321 |
Alasdair Haynes, CEO |
|
Richard Fisher, CFO Adele Gilbert, Head of Marketing & Investor Relations
|
Tel: +44 (0)20 3597 6329 |
Investec Bank plc (Nominated Adviser and Broker) |
Tel: +44 (0)20 7597 4000 |
David Anderson |
|
Bruce Garrow |
|
Lydia Zychowska St John Hunter
Canaccord Genuity Limited (Joint Broker) Emma Gabriel George Grainger
VSA Capital Limited (AQSE Corporate Adviser) Andrew Raca
|
Tel: +44 (0) 20 7523 8000
Tel: +44(0)20 3005 5000
|
Alma Strategic Communications (Financial PR Adviser) |
Tel: +44 (0)20 3405 0209 |
Josh Royston Rebecca Sanders-Hewett |
aquis@almastrategic.com |
Kieran Breheny |
|
Notes to editors:
About Aquis Exchange PLC
Aquis Exchange PLC ("Aquis") is a creator and facilitator of next-generation financial markets, through the provision of accessible, simple and efficient stock exchanges, trading venues and technology.
Aquis consists of four divisions:
Aquis Markets operates lit and dark order books, covering 16 European markets. For its lit books, 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 Technologies is the software and technology division of Aquis. It focuses on building better markets via the creation and licensing of cutting-edge, cost-effective exchange infrastructure technology and services, including matching engine and trade surveillance solutions.
Aquis Data licenses market data from Aquis Markets and Aquis Stock Exchange.
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'; the Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.
Aquis is authorised and regulated by the
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.