Aquis Exchange, the London share trading and technology venue, is to set up a hub in Paris to prepare for the UK’s departure from the EU.
The UK group said on Monday it plans to operate from the French capital as an investment firm with the authorisation to run a so-called “multilateral trading facility” — an EU licence for a trading platforms.
The exchange is the latest in a host of UK-based market infrastructure operators setting up subsidiaries in the EU to ensure they can access its markets after the UK has left. Two of its bigger rivals, Cboe Europe and the London Stock Exchange Group-controlled Turquoise, are planning to establish entities in Amsterdam.
Aquis said it had filed applications to the Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers, the markets regulator. [...]
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