AQX

Aquis Exchange Plc

407.00
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Aquis Exchange Plc LSE:AQX London Ordinary Share GB00BD5JNK30 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 407.00 1,122 08:00:00
Bid Price Offer Price High Price Low Price Open Price
406.00 408.00 407.00 407.00 407.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Security,commodity Exchanges 19.93 4.68 17.00 23.88 110.58
Last Trade Time Trade Type Trade Size Trade Price Currency
12:32:08 O 1,000 407.00 GBX

Aquis Exchange (AQX) Latest News

Aquis Exchange (AQX) Discussions and Chat

Aquis Exchange Forums and Chat

Date Time Title Posts
18/4/202316:27Aquis Exchange PLC98

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Aquis Exchange (AQX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 11:32:09407.001,0004,070.00O
2023-06-09 08:51:46407.40122497.03O

Aquis Exchange (AQX) Top Chat Posts

Top Posts
Posted at 18/4/2023 16:27 by maddox
Hiya Robsy,

My understanding of the monthly data reported is that it demonstrates that AQX has the venue providing 'best execution'.

When financial institutions (FIs) want to acquire or sell a stock - they will be buying or selling large tranches of shares. Their shareholdings are large and it thus takes time to complete. Other markets allow 'High Frequency Trading' (HFT) firms to front-run the FI's brokers - they detect the buying and selling - hover-up shares and sell them back - making a turn in the process. This causes the price to move against the FI. Without the parasitic HFTs acting in this way means AQX offers the FIs better prices - i.e. best execution.

However, in periods of high market volatility the HFTs dominate the trading activity - so AQX's market share falls as they don't have the HFTs.

Consolidated Tape: Yes, If EU/UK follow the US model - then AQX will do well. But don't hold your breath.

Posted at 18/4/2023 12:36 by robsy2
I see that they have filled out their offering to include Dark Market, closing auctions, auctions on demand etc. This is deemed to be important and a good thing,though I don't know enough about market making and how it shakes down financially to understand the significance of it all.
Having been inspired by Maynard Patons excellent intro to the company, trying to get my head around it all is an enjoyable WIP for me. I've seen the charismatic and highly enthusiastic CEO, Alisdair Haynes present a few times and really like the look of it all and have bought in.
One thing I don't get is the significance of the monthly stats they release on their website . Rising market share would seem to be a decent measure of their traction so to see it stalling of late doesn't look good?
The markets side is only 50% of the business now so maybe some slowdown here is not so important .
The Aquis exchange seems to be doing quite well compared to AIM though while I don't really know if I bought my AQS shares on Aquis or Aim the spread was brutal either way.Plus ca change?
The tech side of the business is growing well and also profitable, but here I lack understanding of the opportunities they allude to, especially regarding 24/7/365 trading and the provision of exchange grade markets tech to non-financial institutions so they can run things like procurement etc .
I don't understand what their competitive advantage is in this area or whether there is strong potential demand for what they are capable of providing.
More questions than answers I guess!!
Also happy to hear others thoughts.

Posted at 14/4/2023 14:01 by maddox
Hi Robsy,

True, although AQX have been filling-out with new propositions pretty quickly - Dark Market and Auctions, for example.

Nevertheless, your main point is well made. One would think that the HFT parasites in the other markets should be sufficient to drive AQX adoption. If I were running a fund I would be expecting my brokers to be seeking best execution - not providing a free lunch to the HFTs. I don't understand what the brokers get out of the status quo? Perhaps there is a lack of awareness amongst fund managers?

Happy to hear other's thoughts and insights on this.

Posted at 05/4/2023 10:08 by maddox
Hi pck,

It appears that these major banks aren't as quick on the uptake as you would imagine.

However, this is typical, market disrupters take far longer to break through than logic would suggest. There is a natural inertia resisting change; often vested interests in the status quo; and a 'risk-averse business approach' - let others go first to prove the model. This is often referred to as a 'fast-follower strategy' but not particularly fast in my experience.

The positive side of this is that it provides an opportunity for investors. We can see the model working and have time to leverage-up having taken an early stake.

The last results presentation was excellent - there is certainly more than sufficient adoption to conclude that the model is working - with 3 new FIs and others increasing volume. The Technologies Division is really showing its worth in building renewable/recurring revenue. The transformation of the Aquis Stock Exchange (AQSE) is remarkable with 22 IPOs.

So IMHO 2022 has been a pivotal year - in proving the AQX business model.

Posted at 03/4/2023 11:37 by likeawalrus
good to see directors' buying today plus the new 24/7 exchange could be a big winner for aqx
Posted at 30/3/2023 14:12 by maddox
We have the retail investor presentation today hosted by hTTps://www.investormeetcompany.com/

AQUIS EXCHANGE PLC Year End Results 30th Mar 2023 at 4:00pm BST

If you've just come across AQX - I'd recommend highly watching the Capital Markets Day presentations httPs://www.youtube.com/watch?v=Ctkzq-YBuFE

Posted at 30/3/2023 09:04 by likeawalrus
very good results for 2022 but seems to be unloved (at the moment). share price is very disappointing but that's ok as it gives me an opportunity to park some in my ISA after the 5th at what I see as a very good price
Posted at 16/1/2023 17:55 by robsy2
Aquis shows up ‘fat, lazy’ peers, says JOHCM’s Costar

Aquis Exchange (AQX), the operator of pan-European equity trading exchanges, has proved that its unique technology can disrupt ‘fat, lazy’ financial markets, says JOHCM fund manager Mark Costar.

Citywire A-rated Costar holds the stock in his £252m JOHCM UK GrowthMark Costar fund and in his latest fund update said Aquis had been a recent top performer having been ‘beaten down to comical levels over the late summer-early autumn’ but with ‘the boots removed from [its] throat is starting to chart a strong and fully merited path of recovery’.

‘Acquis Exchange had an excellent capital markets day, which fully showcased its unique technology platform and disruption opportunities in pockets of the financial markets that have become fat, lazy and innovation-free for decades or more,’ Costar said.

Shares in Aquis Exchange closed 3% down last week at 370p.

Posted at 09/11/2022 12:53 by tomps2
Aquis Exchange plc (AQX) Capital Markets Day - November 2022

Aquis Exchange PLC, the exchange services group, Capital Markets Day for analysts and investors to learn more about the evolution of the Group's strategy and ambition with a focus on its state of the art exchange trading technology.

Watch the video here: Https://www.piworld.co.uk/company-videos/aquis-exchange-plc-aqx-capital-markets-day-november-2022/

Listen to the podcast here: Https://piworld.podbean.com/e/aquis-exchange-plc-aqx-capital-markets-day-november-2022/

Posted at 21/9/2022 11:30 by robsy2
I've taken up a starter position with 5k worth bought at 400p. Had my eye on this for a while. They seem to be onto something, though I can't say I understand exactly what it is... !!
They have some disruptive tech, are doing well , profitable , challenging the status quo which needs doing , the CEO comes over really well. They are making progress on all fronts yet the share price is where it was in 2020, in fact I notice it is at the IPO level in 2018 when EPS was -17p a share , now they are about +17p a share.
The broker consensus (4 brokers) is BUY with an share price of 885p . My feeling is that it might just go up from here.

Aquis Exchange share price data is direct from the London Stock Exchange
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