The following Member Notice sets out amendments to Aquis Exchange’s (Aquis) terms of Membership, as detailed in the following documents:
Rulebook
Trading Platform Guide
The changes will take effect from Monday 8th February 2016.
Summary:
With effect from Monday 8th February 2016, the following changes will be made to Aquis
Exchange’s Rulebook and Trading Platform Guide:
- All Members of Aquis, and firms who apply to become Members, must confirm which type of business they intend to conduct on Aquis MTF – Client Business and/or Proprietary Trading.
- Existing Members can confirm this by email to compliance@aquis.eu and sales@aquis.eu.
- Firms who wish to conduct Proprietary Trading (excluding any proprietary trading for the purposes of client facilitation) must enter into the Aquis Liquidity Provider Addendum, covering all non-client proprietary trading activity.
- Members who are approved as a Designated Liquidity Provider (DLP) under the terms of the Liquidity Provider Addendum, will only be authorised to trade passively.
- Where a Member declares that they will only use the Aquis MTF for conducting Client Business or proprietary trading for the purposes of client facilitation, the Member must employ best endeavours to verify that any clients it permissions for DMA trading on Aquis are not Proprietary Trading firms.
Subject to section 2.9 of the Rulebook, Members are reminded that Aquis maintains the right to suspend or terminate a Member or restrict the Member’s right to place Orders.
Details of changes (which are highlighted in red in the documents) are available: Rulebook