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

AQUIS EXCHANGE PLC

(AQX)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/20 11:35:28 am
525 GBX   --.--%
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London Stock Exchange opens Brexit trading hub in Amsterdam

12/01/2020 | 03:00am EST
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

LONDON (Reuters) - The London Stock Exchange's pan-European share trading platform, Turquoise, opened for trading on Monday, a spokeswoman for the exchange said, joining two rival operators.

The Amsterdam-based hub was set up to avoid disruption to the LSE's EU customers, who face having to trade euro-denominated shares inside the bloc from January because Britain's full access to the EU ends on Dec. 31.

Two other London-based share trading platforms, Cboe and Aquis Exchange, have opened so-called Brexit hubs in the EU to trade shares denominated in euros.

Goldman Sachs is also opening a platform in time for January.

Cboe, Euronext and LSE Group vie to be the largest pan-European share trading platform, each having roughly 20% of the market on any given day.

A notional 37.6 billion euros in shares were traded across all main platforms on Friday, according to figures from Cboe.

Cboe's Dutch hub has been up and running for months, but volumes are not expected to pick up until January. Aquis said its Paris unit came on stream on Nov. 11.

Turquoise offers trading in stocks that have a primary listing in the European Economic Area, with the same shares still being offered in London.

While opening alternative trading platforms in the EU won't lead to many jobs leaving London, other trading-related activities, such as clearing and settlement, are also likely to move over time.

Many international banks in London have opened Brexit hubs in the EU and are under pressure from regulators to undertake activities such as stock, bond and derivatives transactions for EU clients from inside the bloc rather than in London.

(Reporting by Huw Jones; Editing by Kirsten Donovan and David Goodman)

By Huw Jones


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AQUIS EXCHANGE PLC 0.00% 525 Delayed Quote.11.70%
EURO / BRITISH POUND (EUR/GBP) -0.35% 0.88637 Delayed Quote.-0.46%
EURONEXT N.V. -1.08% 92 Real-time Quote.3.16%
LONDON STOCK EXCHANGE PLC -0.07% 9130 Delayed Quote.1.42%
THE GOLDMAN SACHS GROUP, INC. -1.14% 290.65 Delayed Quote.14.14%
TURQUOISE HILL RESOURCES LTD. -2.44% 14.78 Delayed Quote.-4.30%
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More news
Financials
Sales 2020 10,9 M 14,9 M 14,9 M
Net income 2020 - - -
Net cash 2020 11,0 M 15,0 M 15,0 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 143 M 195 M 195 M
EV / Sales 2020 12,1x
EV / Sales 2021 8,25x
Nbr of Employees 37
Free-Float 55,6%
Chart AQUIS EXCHANGE PLC
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Technical analysis trends AQUIS EXCHANGE PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 606,00 GBX
Last Close Price 525,00 GBX
Spread / Highest target 15,4%
Spread / Average Target 15,4%
Spread / Lowest Target 15,4%
Managers and Directors
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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