First win for Aquis Exchange competing with the London Stock Exchange to attract high growth companies
Aquis has announced its first win in the battle against the London Stock Exchange to become home to high growth companies.
Alasdair Haynes, founder and managing director of Challenger Exchange, said the £ 470,395 profit for 2020 was “like having your kid go to university and get a top-class degree”.
Aquis, which went public in 2018, aims to build a business that will make it easier for small growth companies to list and give investors more transparency.
Aquis Founder and General Manager Alasdair Haynes said the £ 470,395 profit for 2020 is “like having your child go to university and get a top-class degree”.
Technology is used to create standardized templates for companies that want to create a list. This makes it cheaper for the company and easier for investors to read through.
And instead of letting merchants pay per transaction, they can buy an Aquis subscription and trade as much as they want.
This means that Aquis is the largest liquidity provider in Europe. This means that it is easiest for traders to match up with buyers and sellers of stocks and get the best price.
So far, retail investors have not had access to Aquis. Investment platforms were used to the LSE and reluctant to change.
But that, too, is starting to change – Barclays Smart Investor now has access to Aquis, IG will be using the exchange shortly and Haynes is confident that others will follow suit.
Aquis’ shares rose 7 percent to 610 pence.