01.24.2019

Aquis Exchange Approved For French MTF

01.24.2019
Shanny Basar

Aquis Exchange, 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.”

Source: Aquis Exchange

Related articles

  1. Brexit Vote Could Affect Emerging Market Flows

    Review of trading desks found that incoming banks did not yet retain full control of their balance sheets.

  2. UK Launches Asset Management Review

    UK has a greater market share than pre-Brexit for on-venue execution of GBP interest rate swaps.

  3. AFME Warns on ‘Brexit’

    Recognition has been temporarily extended until 30 June 2025.

  4. The trade repository has been providing UK services since the first business day after Brexit on 4 Jan 2021.

  5. Brexit Muddles Future of UK-EU Linkage

    European firms could operate temporarily in the UK after Brexit while seeking full authorisation.