Aquis Exchange Taps BMLL for Level 3 Data and Analytics

Aquis Exchange, the pan-European large and mid-cap equities trading exchange, has built a partnership with BMLL, the leading, independent provider of harmonised, historical Level 3 Data and analytics, to offer its Members insights into market structure dynamics, including venue quality and liquidity analytics. 

The collaboration will allow Aquis to monitor and evidence liquidity dynamics and offer its Members third-party, independent verification on the availability of passive liquidity on its own venues versus other European exchanges, according to the press release. This insight helps  unlock valuable trading opportunities, increasing fill probabilities at a better rate and with minimum market impact.

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"As Europe's 7th largest exchange, we are constantly looking to enhance the liquidity and execution opportunities for our Members. By using BMLL Level 3 Data and advanced analytics we are now able to engage with our Members to compare their trading dynamics on our exchange versus their peer group and to demonstrate that Aquis offers superior trading outcomes for both passive and aggressive strategies. In addition, we are able to evidence our ability to consistently be present at the 'European Best Bid and Offer' (EBBO), regularly ranking in the top 2 across European exchanges," said David Stevens, Chief Revenue Officer of Aquis.

Paul Humphrey, CEO of BMLL, stated: "We have been collaborating with Aquis Exchange for the last six months and we are delighted to help them showcase the unique strengths of their market model to their Members. Aquis is now able to demonstrate better and deeper liquidity, as well as monitor the performance of the market, improve access to best price and ultimately reduce market impact. We look forward to deepening our collaboration over the coming months."

In March, Fazzaco reported that Aquis Exchange has announced its intention to apply for admission of the Group to trading on the Apex Segment of the Aquis Stock Exchange Growth Market. Besides, it has posted its strong financial results for 2021​, unveiling its revenue of that period enjoyed 42% increase compared to that of the previous year, with profit before tax growing in excess of five times.