07:00 Mon 23 Nov 2020
Aquis Exchange PLC - AQSE launches Market Maker Incentive Scheme
RNS Reach
Aquis Exchange PLC
("Aquis" or the "Company")
AQSE launches Market Maker Incentive Scheme
Scheme designed to narrow spreads and boost liquidity
Participants have the opportunity to acquire AQSE equity
Aquis Exchange PLC (AQX.L), the exchange services group, is pleased to announce that its subsidiary Aquis Stock Exchange ("AQSE") has launched an incentive scheme for market makers designed to boost liquidity and improve the functioning of the AQSE market for growth stocks.
Under the terms of the scheme, participating market makers will offer two-way prices, in retail size, for 50% of stocks in the Apex segment of the AQSE Growth Market. Spreads must be no wider than 5%. Apex is aimed at more established companies, with a larger market capitalization (
Market makers qualifying for the scheme will be awarded warrants convertible into AQSE equity. This opportunity is open to the top five firms each year, with the best performers receiving a larger percentage. Over the three-year term of the scheme, market makers will have the opportunity to get equity up to 19.9% in AQSE.
AQSE has already attracted a number of key market makers to its scheme. Early adopters include Canaccord Genuity, Liberum, Peel Hunt, Shore Capital Ltd, Stifel and Winterflood Securities Limited.
AQSE was acquired by Aquis in
Commenting on the new scheme, Aquis Exchange and AQSE CEO
"This is an important development in our quest to really transform the AQSE marketplace into the premier destination for both issuers and investors in growth companies. Liquidity is the lifeblood of markets and schemes to boost trading by offering narrower spreads, top technology and alignment of vested interests will lead to a more buoyant marketplace."
"We are delighted to support Aquis as an AQSE market maker. We are proud to have acted for Aquis since their pre-IPO funding in 2016 and subsequent IPO in 2018 since when their market share in European Equities has more than doubled. The creation of AQSE will bring liquidity and capital to growth companies thus benefiting both
"Following the implementation of MIFID II, some small and mid-cap listed companies have experienced a significant reduction in the liquidity of their share, hindering their ability to attract equity investment. We are pleased to be supporting a scheme that seeks to improve trading in these companies, so they can access the investment capital needed for future growth."
Nick Conyerd, Head of Market Making at Shore Capital, added:
"Supporting growth in trading by encouraging liquidity will further strengthen the
"AQSE is offering fresh engagement and a new approach to trading and liquidity in the small-mid cap public markets in the
"Winterflood welcomes AQSE's innovative approach to encouraging competitive pricing and liquidity provision on their platform. These are key factors in promoting new listings and ensuring the continued success of our vibrant
Enquiries:
Aquis Exchange PLC |
Tel: +44 (0) 20 3597 6321 |
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+44 (0) 7768 078 110 |
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Alma PR (Financial PR Adviser) |
Tel: +44 (0)20 3405 0209 |
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Notes to editors:
Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).
Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and
Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue.
Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu
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