Trading platform Aquis Exchange to set up Paris hub to prepare for Brexit
Exchange service group Aquis will open a new Paris office in preparation for Brexit.
London-listed Aquis Exchange, which operates a Europe-wide cash equities trading platform, has filed applications with French authorities ACPR and AMF to open an investment firm in the capital.
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The new hub is being set up in a bid to make sure it is able to continue providing financial services in Europe after the Brexit deadline at the end of March next year.
"In ACPR and AMF we have found regulators who are completely aligned with our philosophy of competing on a level playing field, having maximum transparency and achieving best execution for the end investor," chief executive Alasdair Haynes said.
"The ACPR and AMF has been extremely supportive in their approach to Aquis Exchange SA’s inception. When Brexit happens, Aquis Exchange will be well positioned to continue its operations in both the UK and across the EU with minimum disruption to Members. I would also like to thank our Members for their on-going support.”
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