Aquis Exchange, the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC, announces that it will assume the business activities of UBS MTF, the non-displayed matching pool of UBS MTF Limited (a subsidiary of UBS AG), subject to regulatory approval and completion.
Aquis Exchange to enter dark pool arena by assuming @UBS MTF business activities: https://t.co/0zhAJbgXlQ
— Aquis Exchange (@Aquis_Exchange) March 16, 2022
From a Member perspective, the shift in ownership is planned to be seamless with no disruption to the service as there will be no immediate regulatory or technical changes necessary. Clients, including UBS, will continue to benefit from an efficient, cost-effective marketplace with significant liquidity.
Once the transfer is complete, the venue will be known as Aquis Matching Pool (AMP).
This transfer forms part of the planned 2022 financial targets for AQXE and is anticipated to have a relatively small positive impact on AQXE results during 2022.
Source: Aquis
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Goldman Sachs intends to spin-out its tech platform, GS DAP, from its digital assets business.
-
Guidelines on weaknesses in banks' counterparty credit risk management will be published next month.
-
Buy side and sell side need to embrace technological advancements and automate the IPO process.
-
Alternatives are a strategic priority for many financial services firms.
-
The Dutch bank also used tokenized commercial paper as collateral.