Aquis Stock Exchange (AQSE), the primary and secondary trading business of exchange service group Aquis Exchange PLC, has been granted equivalence status by the Frankfurt Stock Exchange's Open Market.
This means companies with a quotation on AQSE can seek a dual quotation on the Frankfurt Stock Exchange and vice versa.
The Frankfurt Stock Exchange is one of the largest exchanges in the world and continental Europe's largest.
The Open Market in Frankfurt mainly trades foreign shares, bonds of German and foreign issuers, certificates and warrants, and German shares.
Currently 44,366 international securities are tradable in the Open Market.
The German-speaking financial community comprises Europe's largest retail investor community.
Dual listing is a simple process, which carries minor cost implications and, crucially, has no additional reporting or compliance requirements. The arrangement between AQSE and Frankfurt was effective from 3 May 2021.
"We are very pleased to have reached this agreement with our German counterparts to allow AQSE-quoted stocks to list in Frankfurt and thus gain simpler access to investors beyond the UK,” said Aquis Exchange PLC chief executive Alasdair Haynes.
“In return, we look forward to having German stocks come to us to benefit from AQSE's unique liquidity pool, narrow spreads and institutional support base.”
AQSE already has a dual listing arrangement with OTC of the US.