Aquis Exchange Gets FCA Approval to Operate as MTF
Established last October, Aquis aims to bring fresh competition into the European equities market.
Its subscription pricing works on a similar model to that of the telecoms industry. Users will be charged according to the message traffic they generate, rather than a percentage of the value of each stock they trade.
"We are very pleased to have received the green light from the FCA just a year after announcing the creation of Aquis Exchange," says Aquis Exchange CEO Alasdair Haynes. "We can now forge ahead with the introduction of subscription pricing to the European cash equities market."
The Warsaw Stock Exchange recently agreed to purchase a 30 percent stake in the exchange.
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