As volumes seemingly continue to migrate towards the end of the trading day, Hayley McDowell investigates the rise of closing auctions in Europe and its impact on continuous trading for asset managers.
Aquis will expand into listings with its purchase of CME Group’s NEX Exchange business.
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
The trading venue’s sales head will relocate to Paris to lead the MTF as CEO of newly-formed business, Aquis Exchange Europe.
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Aquis Exchange has implemented VeriFIX from Itiviti for testing its trading systems.
Aquis Exchange has entered into two partnerships with trading technology provider Itiviti.
Aquis Exchange saw its market share surge to 3.17% in August following its initial public offering in June.