THE TRADE: AQUIS EXCHANGE SEES VOLUME SURGE
Aquis Exchange reports 79% annual surge in average daily value on its equities platform in October this year.
By Hayley McDowell
Aquis Exchange has revealed its average daily value (ADV) traded in October this year soared 79% compared to October in 2015, according to an independent venue analysis by TCA specialist LiquidMetrix.
The ADV at Aquis was up 35% from September and 20.5% higher than its previous ADV record set earlier this year in June.
The previous record was set in this June following the UK’s EU referendum result.
The pan-European equities trading platform reported its total monthly volume increased from €7 billion in October last year, to €12 billion this year.
Aquis explained the increases in volume were “a result of existing members benefitting from increased available liquidity and new clients joining the subscription-based platform.”
Graham Dick, head of sales and business development at Aquis said: “This month’s leap in volumes has vindicated the change to our unique market model made back in February 2016.”
He added that lower market impact, tighter spreads and liquidity “at the touch in many markets second only to the market of listing, Aquis is definitely bucking the trend.”