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I think it's worth revisiting Aquis #AQX here in light of a couple of data points that have since come out.
There are three main parts to the co: a stock exchange (AQSE); a tech licencing biz and their multilateral trading facility (AQXE) - it's this last one I want to look at.
There are three main parts to the co: a stock exchange (AQSE); a tech licencing biz and their multilateral trading facility (AQXE) - it's this last one I want to look at.
First is the RNS from earlier this month announcing their MTF (investopedia.com/terms/m/multil…) had achieved 6.2% market share. Across the €53.6B traded on AQXE in July, this came out to €1.7B a day.
Those 6.2% and €1.7B are quite significant numbers and I'll come back to them later
Those 6.2% and €1.7B are quite significant numbers and I'll come back to them later
In the period since the beginning of 2018 market share has risen from 1.72% to that 6.2% above. Here's how that value traded looks.
A small £90M UK company has today reported a 42% increase in revenue and 2 or so hours in, it has done a grand total of £15,000 in volume - it hasn't even doubled this year's ADVFN post count from one post to two.
It's a weird little pan-European exchange called Aquis that makes its money in quite a novel way and as you can see, after some brief enthusiasm it has been down all the way.
They also own NEX exchange, where the tiniest shitcos come to be born, including once upon a time, #BVXP
They also own NEX exchange, where the tiniest shitcos come to be born, including once upon a time, #BVXP
Here are the two intriguing parts: today they reported their market share of all pan-European trading rose to 4.51% from 3.56% in 1H19 and on the surface, their results appear to show some leverage as they begin to scale up.
