Aquis has experienced remarkable growth in various areas over the past year. The company’s data and technology businesses saw a significant increase in revenues, with an impressive 24% and 22% respectively, totaling £3.7 million and £6.3 million. This growth led to an overall net revenue increase of 13% to £22.7 million for the year. Additionally, the exchanges markets business also experienced a notable increase of 7% to £10.9 million for the year.
The CEO of Aquis, Alasdair Haynes, commented on the company’s achievements, highlighting its progress on strategic initiatives across all divisions. One such initiative was the increase in market share of Aquis’ markets division in the pan-European market, as well as securing a significant technology contract with a central bank.
The growth in market share was attributed to changes in proprietary trading rules made in September, resulting in an increase from 4.97% in December to 5.46% in February. Additionally, Aquis credited its technology growth to two new contracts awarded last year, including one for the Colombian government bond market.
Recently, Aquis announced that it will start charging its trading members for non-displayed market data feeds for the first time since its establishment almost 11 years ago. Effective June 1st, 2024, trading members on both Aquis Exchange and Aquis Exchange Europe will have to pay the same monthly rate as non-members for non-displayed data. Terminal and non-display fees are now applicable to trading members as confirmed by a member notice distributed on March 1st.
Overall, these developments represent an exciting new chapter for Aquis as it continues to grow and adapt within its industry while delivering value to its customers and stakeholders alike.
