Aquis Exchange said it will assume the business activities of UBS MTF, the non-displayed matching pool of UBS MTF Ltd, a subsidiary of UBS Group AG (NYSE:UBS).
For members of the pan-European equities trading arm of Aquis Exchange PLC (AIM:AQX), the shift in ownership should not cause any disruption to the service as no immediate regulatory or technical changes are needed, the company said.
Aquis Exchange is the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC (AIM:AQX). The deal is subject to regulatory approval and completion.
A statement said clients, including UBS, will still benefit from an efficient and cost-effective marketplace with significant liquidity. The transfer is not expected to impact Aquis' results during 2022.
Once complete, the venue will be known as Aquis Matching Pool.