Providing further trading choice for TMX Atrium users
LONDON, 5th December 2013 - TMX AtriumÔ, provider of smarter infrastructure solutions for the financial community, today announced that Aquis Exchange*, the pan-European equities exchange, has joined the TMX Atrium community.
Aquis Exchange, established in October 2012 and successfully launched on 26 Nov 2013, operates a pan-European trading venue that introduces scaled subscription pricing and diverse connectivity options for various participant types across the European trading landscape. The decision taken by Aquis Exchange to use TMX Atrium is in direct recognition of TMX Atrium’s ability to help new exchanges launch and, enable growth through access to a wide range of trading participants. TMX Atrium’s reach across Europe, North America and Russia, delivers flexible connectivity and enables easy expansion when new venues join.
The flexible connectivity model used by TMX Atrium complements Aquis Exchange’s ethos of offering choices to members in connectivity, clearing and technology. Aquis Exchange operates a subscription pricing model, whereby users are charged according to the message traffic they generate rather than a percentage of the value of each stock they trade.
Emmanuel Carjat, Managing Director, TMX Atrium said, “We are delighted that Aquis Exchange has chosen TMX Atrium to address their connectivity requirements. The addition of Aquis Exchange to the TMX Atrium community delivers yet another trading venue for our members.”
Commenting on the agreement, Alasdair Haynes, Chief Executive Officer, 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.”
About TMX Atrium
TMX AtriumTM provides smarter infrastructure solutions for the financial community.
TMX Atrium is headquartered in Luxembourg with offices in London, New York, Chicago and Toronto with a global footprint that extends throughout Europe, USA and Canada and with a sole focus on serving the needs of the financial services community.
TMX Atrium operates as a venue neutral infrastructure provider, offering the capital markets community highly-scalable connectivity between multiple markets and multiple trading venues.
TMX Atrium’s simple approach to connectivity ensures that customers connect quickly and easily to their desired trading counter parties, brokers, venues and clearers.
Established in 2006, the company grew rapidly across Europe and North America. In July 2011 TMX Atrium (formerly Atrium Network) was acquired by TMX Group.
About Aquis Exchange
*Aquis Exchange is regulated as a multilateral trading facility by the UK FCA. It was established in October 2012 and operates a pan-European equities trading exchange and develops exchange software. Aquis Exchange is set to revolutionize the European trading landscape by its introduction of subscription pricing and innovative order types. Currently, over 90% of European equity trading in each individual country takes place on two exchanges. The aim of Aquis Exchange is to bring fresh competition into the marketplace in order to lower the trading costs maintained by the existing duopoly.
Aquis Exchange’s subscription pricing works on a similar model to that of the telecoms industry and is designed to encourage participation from all categories of professional trading firm. Users are charged according to the message traffic they generate, rather than a percentage of the value of each stock that they trade. There are different pricing bands to accommodate varying degrees of usage, with a very low usage band for small firms - who are traditionally disadvantaged by the pricing structure of the incumbent exchanges. On the other end of the pricing structure, is the top category where usage is unlimited (subject to a “fair usage” policy).
For more information, please go to www.aquis.eu
toronto, london, new york, chicago, exchange software, smarter infrastructure solutions, subscription pricing model, aquis exchange, tmx atrium, tmx group, alasdair haynes, emmanuel carjat, russia, luxembourg, united states, canada, north america, europe, financial markets, stock market, finance, multilateral trading facility, investment, business, economics, toronto stock exchange, economy of london, www.aquis.eu, chief executive officer, managing director, subscription pricing model
801 days ago,(2015/02/19) - Wall Street Horizon
February 18, 2015 (TORONTO) – TMX Datalinx, the information services division of TMX Group, and Wall Street Horizon Inc, (WSH) today announced an agreement under which T...
558 days ago,(2015/10/20) - Neonet Securities AB
Continues to expand liquidity access for clients trading larger size orders Stockholm, London 19th October 2015. Neonet, the independent agency broker and executio...
572 days ago,(2015/10/06) - Celoxica
Delivering small footprint & high message volume processing for multiple markets at ultra-low latency London and New York, 5 October 2015: Celoxica, the leading pro...
579 days ago,(2015/09/29) - Fixnetix
Deal Accelerates CSC’s Strategic Growth Plan in Capital Markets FALLS CHURCH, Va., Sept. 25, 2015--CSC (NYSE: CSC), a global leader in next-generation IT servic...
1063 days ago,(2014/06/02) - Aquis Exchange
Total number of markets to grow to 12 LONDON – 2 June 2014 – Aquis Exchange, the subscriptions-based European equities exchange*, today announced that it wi...
1207 days ago,(2014/01/09) - IXcellerate
IXcellerate, Moscow’s premiere carrier neutral data centre operator, today announced connectivity to TMX Atrium, provider of smarter infrastructure solutions for the fin...
1287 days ago,(2013/10/21) - TMX Atrium
Increasing range of Moscow options for TMX Atrium participants LONDON, 21 October, 2013 - TMX AtriumÔ, provider of smarter infrastructure solutions for the financial ...