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
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.
Other interesting part is that #AQX is making decent progress (via increased volatility rather than client uptake for this H1) towards this target from April earlier this year.
helpfully put out a lot of market share data. They've been losing European market share for a while now - and at least some of it, to this company that trades at about 8x fwd sales and that nobody has ever heard of.
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