Aquis Markets offers 6,500+ large-cap and mid-cap securities from 16 European markets, for trading on its UK and European order books. Currencies quoted are the local currency for each security.
These versions of the security list are for information purposes only. To obtain the most up-to-date security reference data, firms are advised to use the daily reference data files that Aquis provides to customers via FTP.
For the purpose of the Aquis Fair Usage Policy, large cap, mid cap and small cap securities are classified as follows:
Large cap securities are, by market capitalisation, the top 20 Belgian, top 20 Danish, top 25 Dutch, top 25 French, top 30 German, top 20 Irish, top 40 Italian, top 25 Norwegian, top 20 Portuguese, top 30 Swedish, top 20 Swiss and top 100 UK securities.
Mid cap securities are the next tranche of the largest stocks in each market e.g. UK 250, French 80, Dutch 25 and 50 German.
Small cap securities are any other securities available for trading on Aquis Exchange which fall outside of the above definitions.
Tick sizes
Aquis Exchange uses standard tick sizes as specified by ESMA and the FCA. The tick tables are available for download as part of Aquis’ reference data files and via the following links
*HLS: High Liquidity Segment, LLS: Low Liquidity Segment, ELLS: Extremely Low Liquidity Segment, Penny: < 1 NOK, ETF: As defined by ESMA
Trading calendar and hours
UK in GMT / BST
03:00 am
Reference data files published. Reference data files may be updated until 07:30. In the rare event that a correction is required to the security master file after 07:30, a trading notice email will be sent to Members in addition to the file being re-published on the FTP site.
06:15 am
Members can log in, but Orders will be rejected.
07:30 am
Security Status Message published.
08:00 am
Market Open (start of continuous trading).
16:30 pm
End of continuous trading. Start of Market at Close (MaC)** period.
16:35 pm
End of MaC** period.
16:45 pm
End of Trade Capture Report entry.
17:30 pm
Connectivity closed (Members are logged off and can no longer log in).
Europe in CET / CEST
04:00 am
Reference data files published. Reference data files may be updated until 08:30. In the rare event that a correction is required to the security master file after 08:30, a trading notice email will be sent to Members in addition to the file being re-published on the FTP site.
07:15 am
Members can log in, but Orders will be rejected.
08:30 am
Security Status Message published.
09:00 am
Market Open (start of continuous trading).
17:30 pm
End of continuous trading. Start of Market at Close (MaC)** period.
17:35 pm
End of MaC** period.
17:45 pm
End of Trade Capture Report entry.
18:30 pm
Connectivity closed (Members are logged off and can no longer log in).
For the start and end of continuous trading, Aquis mirrors the specific timings for each Market of Listing. For countries where the Market of Listing continuous trading ends earlier than 16:30 (UK time) on a daily basis (e.g. Oslo), Aquis Exchange also mirrors the timings for that market.
Aquis also mirrors the scheduled holidays of each Market of Listing. Where a particular market(s) is scheduled to close early or for the whole day due to a public holiday, Aquis does the same for the market(s) in question. Aquis UK and Aquis EU are closed on New Year’s Day, Good Friday, Easter Monday, Christmas Day and Boxing Day.
For half days or partial market holidays, Trade Capture Reports are accepted until 15 minutes after the end of continuous trading in the last market to close on that trading day, e.g. if all markets on Aquis MTF finish continuous trading by 13:00 UK time, then trade capture report submission will end at 13:15 UK time.
MaC Orders are accepted from 1 minute before the scheduled closing auction start time for each market.
When a particular market is scheduled to close early due to a public holiday (half-days, as per Aquis’ Trading Calendar), Aquis’ MaC times will be adjusted to mirror the Market of Listing’s earlier closing auction.
MaC is not available for the Dublin/Ireland market.
The following table shows the key times for each market, on full trading days. MaC execution occurs upon completion of the Market of Listing closing auction, at which time the locked, matched MaC Orders are executed at the closing price. If the market of listing auction is delayed, extended or cancelled, all MaC orders are cancelled.
Market
MaC Open (UK time)
Random lock phase start(30s window)
Oslo
15:20
15:22:30
Copenhagen
15:55
15:57:30
Zurich
16:20
16:25:00
Helsinki
16:25
16:27:30
Stockholm
16:25
16:27:30
Amsterdam
16:30
16:32:30
Brussels
16:30
16:32:30
Frankfurt
16:30
16:32:30
Lisbon
16:30
16:32:30
London
16:30
16:32:30
Madrid
16:30
16:32:30
Milan
16:30
16:32:30
Paris
16:30
16:32:30
Vienna
16:30
16:32:30
* Aquis Exchange cannot be held responsible for any errors or omissions contained in this calendar, which is published for information purposes only. Whilst all reasonable care has been taken to ensure that the details are correct, no liability is accepted for the use of information herein.
** The MaC times mentioned here are only for those countries where the Market of Listing’s usual closing auction start time is 16:30 UK time (17:30 CET).
Market makers
Aquis offers a Designated Liquidity Provider scheme which is available for members who wish to provide regular, two-way quotes. The size, price and time requirements of the Liquidity Provider Scheme are available in the Aquis UK and Aquis EU Rulebooks. If you wish to become a Designated Liquidity Provider (DLP) on Aquis, please review and sign the Liquidity Provider Addendum in the Document Library.
Aquis’s Designated Liquidity Providers are:
BNP Paribas Arbitrage SNC
Citadel Securities (Europe) Limited
Hudson River Trading
Jane Street Financial Limited
Jump Trading
Optiver
Societe Generale S.A.
Tower Research Capital Europe Limited
Virtu Financial Ireland Limited
XTX Markets Limited
Market of listing pricing sources
Market of Listing pricing is sourced from the following content providers:
Euronext N.V: Dublin, France , Holland, Belgium, Portugal, and Norway
Deutsche Boerse A.G.: Germany
NASDAQ OMX Group: Sweden, Finland, Denmark
BME Market Data, S.A.: Spain
London Stock Exchange: UK
Borsa Italiana SpA: Italy
Wiener Borse AG: Austria, Czech Republic
SIX Swiss Stock Exchange: Switzerland
Aquis-EIX
Aquis Exchange operates a bond trading market, Aquis-EIX. The Aquis-EIX Market provides institutions and professional investors with a dedicated venue on which to trade infrastructure-related bonds. For more information please contact Aquis on 020 3597 6363, compliance@aquis.eu or Estates and Infrastructure Exchange (EIX) on aquis@eix.global
