Aquis Markets, the pan-European equities trading arm of Aquis Exchange PLC, has introduced conditional order functionality on its Aquis UK and Aquis EU platforms. This enables members to simultaneously post liquidity across multiple venues without the risk of over-trading. Through this functionality, members can issue an ‘Indication of Interest’ (IOI), which may trigger a ‘firm-up invite’ for potential matches. Acceptance must then occur within a 300 microsecond window, upon which trades will take place on the Aquis Matching Pool (AMP), Aquis’s dark pool.
Members can also set a Minimum Execution Size and specify Large-in-Scale (LIS) executions, ensuring that orders meet specific size criteria. Additionally, Aquis has broadened trading strategies by allowing regular conditional orders to match with AMP liquidity or other conditional orders, and by enabling interaction with clients of OptimX, a block trading consolidator set to launch later this quarter.
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