Aquis Exchange PLC (AIM:AQX) has announced plans to amend the proprietary trading rule on its UK and EU trading platforms within its Aquis Markets division.
The existing rule, implemented in 2015, prevents aggressive non-client proprietary trading and has been effective in minimising market impact and signalling risk.
In a move to offer greater flexibility, Aquis will modify the rule to permit liquidity providers to decide whether to engage with aggressive non-client proprietary trading.
The change aligns with Aquis' commitment to offer its members maximum choice and flexibility on the Multilateral Trading Facility (MTF) platform.
Subject to regulatory approval, the implementation of this modification is slated for October 2023, providing ample time for members and data providers to adapt.
Chief executive Alastair Haynes said: "The change to our proprietary trading rule is being implemented in order to provide members of the Aquis MTF with greater choice and immediacy of execution.
"This alongside Aquis's growing product suite will further enhance the range of execution options available to our members."