Subscription-based European equities exchange Aquis is to begin trading Spanish blue-chip stocks.
The addition of the 35 largest Spanish companies will take place as of Thursday 20 August, bringing the total number of markets covered by the exchange to 13.
In a media statement, Alasdair Haynes, chief executive officer of Aquis Exchange said the addition of Spanish equities was the latest stage of the organisation’s business plan.
He said: “We had always planned to have Spanish stocks on our platform as part of our phased roll-out. Member appetite for investing in Spain has grown recently and we are responding to this demand.
“Also, as of early September, the Spanish clearing regime is to become partially interoperable thus making this market more attractive.”
Aquis Exchange says its pricing works on a similar model to that of the telecoms industry where users are charged according to the message traffic they generate, rather than a percentage of the value of each stock they trade.
The business was established in October 2012 and launched in November 2013. It operates a pan-European cash equities exchange and develops exchange software.