LONDON, June 2 Startup pan-European share
trading platform Aquis Exchange said on Monday it will begin
trading equities from eight new markets later this month.
Aquis, which launched last November, said it will add the
largest stocks from Belgium, Denmark, Finland, Italy, Norway,
Portugal, Sweden and Switzerland from June 26.
It already offers trading in British, French, Dutch and
Founded by Alasdair Haynes, a former chief executive of
rival exchange Chi-X, which now belongs to share market operator
BATS Global Markets, Aquis wants to shake up European equities
trading by introducing subscription-based pricing for market
users modelled on the mobile phone market.
Instead of charging customers based on the value of trades
like the main European exchanges, Aquis's users will pay a flat
fee based on the number of trades they make.
"Since our launch late last year we have been steadily
increasing volumes and bringing more Members on board," Haynes
said. "We are confident that our subscription pricing model will
continue to attract more participants."
(Reporting by Clare Hutchison; Editing by David Holmes)