SIX Acquires London’s Aquis Exchange in £207 Million Deal
Switzerland’s SIX has agreed to acquire London-based Aquis Exchange. The deal is valued at an enterprise worth £194 million, amounting to approximately £207 million for the total share capital. This acquisition aims to expand SIX’s influence and market position in Europe.
About the Acquisition
The acquisition deal values Aquis Exchange at £207 million. SIX will pay 727 pence per share to Aquis shareholders in cash. This offer represents a 120% premium over the closing price of Aquis shares on the previous Friday.
The acquisition strengthens SIX’s footprint across Europe. Aquis’ multi-lateral trading facility (MTF) spans 16 European markets, which will now integrate with SIX’s operations. This move allows SIX to better serve clients in Switzerland, Spain, and throughout Europe by combining its resources with Aquis’ capabilities.
Effects on Traders
This acquisition will have these benefits for users:
Access to European Markets
The acquisition will enable SIX to expand its trading network across 16 European markets. It will provide broader market access and more trading opportunities.
Enhanced Market Stability
With Aquis being supported by the larger infrastructure of SIX, investors may see improved reliability and operational stability in trading platforms. It can reduce risks associated with smaller independent exchanges.
Potential for New Trading Products
The integration of Aquis’ offerings with SIX’s services could lead to the development of new trading products and opportunities. It can benefit investors looking for diversified options.
Improved Liquidity
The combined operations of SIX and Aquis may result in better liquidity in certain European markets. It might allow users to execute trades more efficiently and at potentially better prices.
About SIX
SIX is a global financial services provider specializing in infrastructure for the financial sector. It offers services across securities trading, settlement, and information dissemination to enhance efficiency, quality, and innovative capacity. SIX combines advanced technology and data to make financial transactions more secure and efficient. They aim to provide a refined infrastructure that supports the stability and reliability of financial markets globally.
About Aquis Exchange
Alasdair Haynes founded Aquis Exchange in 2012. It is a pan-European trading platform based in London. The company offers a subscription-based model for trading cash equities across 16 European markets. It charges users based on message traffic rather than trade value. Aquis also develops and licenses exchange technology through its Aquis Technologies division.
Summing Up
The acquisition positions SIX for substantial growth and strengthens its competitive stance in European capital markets. Integrating Aquis enhances SIX’s primary exchange and MTF operations.
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