Aquis Exchange Announces Surge In October Volume - Significantly Higher Than Previous Record Set In June 2016

Aquis Exchange, the pan-European equities trading platform and software developer*, has announced a surge in trading volume for the month of October.

Average Daily Value (ADV) in October 2016 saw a 35% hike from September and a year-on-year spike of 79%. During the same period, the European lit markets saw continuous trading essentially flat at +2.5% and down 16% respectively. Total monthly volume on Aquis Exchange in October was €12 billion, up from €7 billion the year before.

More significantly, October’s ADV on Aquis Exchange was 20.5% higher than its previous record month of June 2016. June was an extremely busy month for all European markets following the ‘Brexit’ vote in the UK. Since then, other European markets have seen volumes slide 21%.

The jump in Aquis Exchange’s volume is a result of existing Members benefitting from increased available liquidity and new clients joining the subscription-based platform.

Commenting on the performance, Graham Dick, Head of Sales and Business Development at Aquis Exchange, said: 

“We are extremely pleased with how our business has grown throughout this year. This month’s leap in volumes has vindicated the change to our unique market model† made back in February 2016. With significantly lower market impact, tighter spreads and liquidity at the touch in many markets second only to the market of listing, Aquis is definitely bucking the trend. ”

†Aquis Exchange introduced a rule change on February 8, which prevents aggressive non-client proprietary trading on its platform.