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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aquis Exchange PLC    AQX   GB00BD5JNK30

AQUIS EXCHANGE PLC

(AQX)
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Delayed Quote. Delayed London Stock Exchange - 05/29 11:35:19 am
358 GBX   -3.24%
05/28Euronext shuts London exchange that had one listing
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04/16Aquis Exchange nears break even as pandemic crimps customer growth
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04/16AQUIS EXCHANGE : Final results year ended 31st december 2019
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Short-selling bans achieve nothing useful - exchanges body

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03/30/2020 | 03:59am EDT

Banning short-selling of shares gives the impression of responding decisively to events without achieving any useful result, the World Federation of Exchanges (WFE) said on Monday.

In an unusually blunt statement, the global umbrella group for exchanges and clearing houses said bourses already have safeguards like circuit breakers to slow markets during bouts of extreme volatility.

Several European Union countries, including Spain, Italy, France and Belgium have banned traders borrowing a company stock with a view to selling it, hoping to buy it back later at a lower price and pocket the difference, a practice that critics say can exacerbate market moves amid panic selling.

"Banning short-selling interferes with price formation, thereby increasing uncertainty," WFE Chief Executive Nandini Sukumar said in a statement.

"It is not ? and never has been ? true that bans have any other, positive effect on market activity or price levels."

Britain has refused to ban short-selling, saying there is no evidence that it was a driver of market routs. The United States has not introduced such a curb, but traders say Germany has been under pressure to introduce a ban and has so far resisted.

"Falling prices indicate that companies are expected to be less profitable in the future," WFE said. "But even in a declining market, short-selling is only a small part of market activity, notably compared with sales of existing long positions."

(Reporting by Huw Jones; Editing by Alison Williams)

Stocks mentioned in the article
ChangeLast1st jan.
AQUIS EXCHANGE PLC -3.24% 358 Delayed Quote.-10.95%
BOLSAS Y MERCADOS ESPAÑOLES, SOCIEDAD HOLDING DE MERCADOS Y SISTEMAS FINANCIEROS, S.A. 0.00% 32.92 End-of-day quote.-4.25%
BYD COMPANY LIMITED -1.47% 43.5 End-of-day quote.11.97%
DEUTSCHE BÖRSE AG -1.37% 147.9 Delayed Quote.5.53%
EURONEXT N.V. 0.67% 82.9 Real-time Quote.14.11%
LONDON STOCK EXCHANGE PLC -3.18% 7984 Delayed Quote.3.61%
WORLD CO., LTD. -3.03% 1567 End-of-day quote.-41.77%
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Financials
Sales 2020 11,2 M 13,9 M 13,9 M
Net income 2020 - - -
Net cash 2020 7,30 M 9,03 M 9,03 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 97,3 M 120 M 120 M
EV / Sales 2019
EV / Sales 2020 8,02x
Nbr of Employees 37
Free-Float 49,8%
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Technical analysis trends AQUIS EXCHANGE PLC
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Mean consensus BUY
Number of Analysts 1
Average target price 606,00 GBp
Last Close Price 358,00 GBp
Spread / Highest target 69,3%
Spread / Average Target 69,3%
Spread / Lowest Target 69,3%
Managers
NameTitle
Alasdair Frederick Seton Haynes Chief Executive Officer & Director
Nicola Jane Beattie Independent Non-executive Chairman
Jonathan Charles Clelland CFO, Chief Operating Officer, Secretary & Director
Paul Roberts Head-Information Technology Infrastructure
Richard E. T. Bennett Senior Independent Non-Executive Director
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