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LONDON (Alliance News) - Aquis Exchange PLC on Thursday said it will be able to operate in Europe after Brexit as its French subsidiary, Aquis Exchange Europe, received approval from French authorities to operate in Paris.
The exchange services company said that the approval will enable Aquis to continue providing stock trading services to its members across Europe, following the UK's planned departure from the EU "which may be as soon as end March 2019", Aquis said.
The UK is scheduled to leave the EU on March 29, but there is no agreement yet in Parliament as to how this will be done.
Aquis Exchange received approval from the Autorite de Controle Prudentiel et de Resolution and the Autorite des Marches Financiers.
Graham Dick, currently head of sales and business development at Aquis, will relocate to Paris and assume the role of chief executive officer of Aquis Exchange Europe.
"We are delighted to have secured an 'avis favorable' from the ACPR and AMF well ahead of Brexit and feel confident that with two MTFs, one in the UK and one within the EU-27, we are now very well positioned to offer our members an uninterrupted service, whichever form Brexit takes," Aquis CEO Alasdair Haynes said.
Aquis Exchange shares were untraded at 585.00 pence each.
