Aquis and OptimX unveil new dark trading solution
OptimX has launched actionable liquidity through the Aquis Matching Pool.
OptimX has launched actionable liquidity through the Aquis Matching Pool.
EuroCTP was first announced in the third quarter of 2023 and is backed by 14 exchanges as its shareholders and would be competing with Aquis and Cboe’s own consolidated tape initiative.
In light of the US ATS’ looking to migrate to Europe and new offerings being proposed by European exchanges, Annabel Smith weighs up increased fragmentation against innovation, exploring the new competitive landscape, the prospect of private rooms, and who might be the provider to benefit most from first mover advantage.
Net revenue at the exchange rose 13% to £22.7 million in 2023; changes to proprietary trading saw an increase in market share to 5.46%.
The offering allows users to avoid the risk of over-trading while posting the same liquidity on multiple venues simultaneously.
All Aquis Stock Exchange trades are now being matched and executed while running on Amazon Web Services (AWS) as of 27 November.
The past week saw appointments across business development, execution services, equities, electronic trading, credit trading and securities sales trading.
Current chief operating officer (COO) Clelland is set to retire next year, stepping down in April 2024 after 11 years with Aquis.
Aquis reported an overall profit across all four of its businesses: markets, stock exchange, technologies and data.
Deal will expand the exchange’s block crossing capabilities; investment was made as part of a consortium including the venture capital arm of Deutsche Boerse Group.