Aquis Exchange PLC, the exchange services group, which operates the pan-European cash equities trading MTF, Aquis Exchange, and develops and licenses exchange software to third parties, today announced that it is establishing a new venue in Paris to ensure it is able to continue providing financial 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.

New office! We have chosen Paris as our post-Brexit EU-27 location – https://t.co/NmRWhMBVl8 pic.twitter.com/xsqIKBDt9g

— Aquis Exchange (@aquis_exchange) September 10, 2018

Aquis Exchange has filed applications with the relevant French competent authorities: Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Autorité des Marchés Financiers (AMF). The new company, Aquis Exchange SA, will open an office in Paris and will be classed as an investment firm, authorised to operate a multilateral trading facility. These plans are in line with the Brexit preparedness statement Aquis Exchange made at the time of its Initial Public Offering in June 2018.

Alasdair Haynes, CEO of Aquis Exchange, said:

“In ACPR and AMF we have found regulators who are completely aligned with our philosophy of competing on a level playing field, having maximum transparency and achieving Best Execution for the end investor. The ACPR and AMF has been extremely supportive in their approach to Aquis Exchange SA’s inception. When Brexit happens, Aquis Exchange will be well positioned to continue its operations in both the UK and across the EU with minimum disruption to Members. I would also like to thank our Members for their on-going support.”

Source: Aquis