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Friday 23 September 2022

Aquis continues to impress

AquisAquis Exchange PLC, the financial markets and technology specialist founded by Alasdair Haynes, has announced its latest interim results, highlighting strong revenue growth and some notable client wins. The financials for the period ended 30 June 2022 reveal that net revenue increased by 21% to £8.3m whilst pre-tax profit was £0.7m (down from £1m in H1 FY21) following some significant investments by the firm.

Membership of the Aquis Exchange (AQX) has continued to grow with the market now supporting 42 active members, however amid challenging conditions for trading, there was a small decline in average monthly usage. AQX now accounts for a 5.2% share of all pan-European trading.

Aquis Technologies secured a significant new multi-year contract during the first half of fiscal 22 and has also reported striking another similar deal during the early stages of H2 FY22. In another significant development for Aquis, the Group also successfully launched a new "dark" liquidity offering, Aquis Matching Pool (AMP), having acquired the relevant assets from UBS in April 2022.

Aquis has continued to grow its revenues, reflecting a healthy momentum fuelled by contributions from trading, technology sales and data revenues. The major technology licenses that Aquis has signed recently are particularly encouraging and demonstrate the increasing importance of the technology business to the overall group. Notwithstanding the straitened market conditions, Aquis currently looks to be on track for further growth.

Posted by: Jon C Davies at 09:08

Tags: financialmarkets   Aquis  

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