The Aquis Exchange, the new pan-European equities exchange, has expanded its connectivity and reach by joining the TMX Atrium community of financial market participants.
Aquis Exchange successfully launched late last month and is seeking to attract volume by offering scaled subscription pricing and diverse connectivity options for various multi-asset participant types. It already uses Savvis, IPC and Interxion as existing connectivity, technology and data centre partners.
It is hoped the flexible connectivity model used by TMX Atrium will complement Aquis Exchange’s ethos of offering choices to members in terms of connectivity, clearing and technology and this, alongside the need to touch international markets as much as possible, was the driver behind the decision.
The innovative subscription pricing model that Aquis Exchange is promoting means users are charged according to the message traffic they generate, rather than a percentage of the value of each stock they trade and the newcomer is expecting this model will attract traffic. Linking in with as many partners as possible does this ambition no harm either.
Commenting on the agreement, Alasdair Haynes, chief executive officer (CEO) at Aquis Exchange, said: “As a newly launched trading exchange, having TMX Atrium come on board as one of our authorised extranet suppliers is very exciting. We are very pleased to be working with TMX Atrium.”
By Neil Ainger