Aquis Exchange PLC (AIM:AQX)'s trading division, Aquis Markets, has launched a service called conditional order functionality on its UK and EU platforms.
This allows members to post the same liquidity on multiple venues simultaneously without the risk of over-trading.
In simple terms, members of Aquis can show interest in a trade by sending a signal. If a matching bargain is found, the member is invited to confirm the trade quickly, within a tiny fraction of a second. The transaction then happens within a facility called a 'dark pool'.
Users can set a minimum size for the trades they want to carry out. They can also specify if they want their trade to be a large one, meaning it will only be matched with other large trades.
Aquis members have two options for sending their trade requests. They can send a standard request that matches with available trades in the dark pool or with other similar requests. Alternatively, they can choose to have their request also match with trades from a new service called OptimX, which is focused on consolidating big trades and is starting soon.
David Stevens, Aquis' chief operating officer, said: "The addition of conditional orders to our UK and EU platforms is an important extension to AMP, the Aquis dark pool, and means that the exchange now offers a full suite of key trading mechanisms - allowing our customers access to liquidity in a broad range of trading scenarios."