Tuesday September 12 2023
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: UK
On 12th September 2023, Aquis Exchange plc announced that it intends to change the proprietary trading rule on its United Kingdom (UK) and European Union (EU) trading platforms.
The rule, which does not allow aggressive non-client proprietary trading, was introduced by Aquis in 2015 and has reduced market impact and signalling risk. However, in response to member demand Aquis will now change the rule to allow liquidity providers the option to choose if they wish to interact with aggressive non-client proprietary trading or not.
This innovative modification is consistent with Aquis’ commitment to provide members with the greatest choice and flexibility when transacting on the multilateral trading facility (MTF) platform.
Implementation of this change will take place, subject to regulatory non-objection, in October to allow members and data providers to adapt to this change.
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