Aquis Exchange PLC (AIM:AQX) said it has seen "strong operational progress" across all its divisions in the first half as it reported a 17% increase in net revenue to £9.7 million and a 26% jump in underlying earnings (EBITDA) to £1.7 million.
The company also maintained a strong liquidity position, with cash and cash equivalents of £13.9 million as of 30 June 2023, the period-end.
The Aquis Markets division expanded its product suite by adding the Dark to Lit Sweep feature, further diversifying its offerings.
Its Technologies operation continued to develop its contract pipeline in line with expectations.
Meanwhile, Aquis Data saw a 34% increase in revenues and made significant strides towards establishing an EU consolidated tape.
Despite challenging market conditions, the Stock Exchange welcomed five new listings.
In post-period developments, Aquis announced a change to its proprietary trading rule, further enhancing the range of execution options available to members.
The company also invested in OptimX Markets, adding additional connectivity to the Aquis Matching Pool (AMP) and providing clients with the ability to cross large blocks.
Chief executive Alasdair Haynes said: "Following the successful integration of the Aquis Matching Pool in 2022, Aquis Markets has seen increased revenues.
"We have also worked to further diversify the products that will be made available to members, adding block trading via OptimX Markets and changing our proprietary trading rule to give members greater execution choice along with best execution outcomes.
"These changes are laying the foundations for future growth in market share over the medium-term."