In the Company of Mavericks

Jeremy McKeown has fascinating conversations with entrepreneurs who dared to be different.

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November 25, 2021

Alasdair Haynes of Aquis Exchange

A Conversation with Alasdair Haynes, founder and CEO of Aquis Exchange. AIM-listed Aquis is a process innovator in the field of share trading and stock exchange technology. In offering the World's first subscription-based pricing Aquis offers its customers a marginal cost to trade of zero. The platform also reduces toxicity, or the impact cost of trading, improving execution efficiency. Aquis also runs a primary listings business called the Aquis Stock Exchange which competes with the LSE's AIM market for listings for smaller growth companies. Additionally, as a technology provider, Aquis offers services to exchanges and trading venues in other geographies and product markets.

Over the last four decades, stock market trading technology has changed completely. National stock exchanges have become more focused on data provision creating an opportunity for newer more adaptable businesses to emerge that can focus directly on the needs of their customers. The Aquis platform offers demonstrable improvements in efficiency as well as cost savings for market intermediaries and their customers (investors) which has driven market share gains over recent years. Aquis already provides 22% of market liquidity in European equities but has just a 5-6% share of the volumes traded. This provides significant scope for further market share gains over time.   

Alasdair has a long history of innovation in the exchange technology sector from his early beginnings as a trader with Morgan Grenfell and subsequent leadership roles at ITG, Chi-X and now Aquis. Our discussion covers the role of change in presenting opportunity, how liquidity improvements drive volume gains and how there is an opportunity in primary listings to create the NASDAQ of Europe via the Aquis Stock. Exchange.

Guest, Alasdair Haynes, https://www.linkedin.com/in/alasdair-haynes/ https://www.aquis.eu/aquis-exchange

Guest host, Ben McKeown, Director at Dowgate Wealth https://dowgatewealth.co.uk/our-team/ben-mckeown/

This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.

Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

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