Aquis Exchange, the subscriptions-based European equities exchange**, today announced that it has expanded its Sales and Client Relationship Management (CRM) team and appointed Graham Dick to lead it.
Graham, who joins immediately, has until recently been involved with the Coba Project, an industry-led initiative to deliver a pan-European consolidated tape. Prior to that, Graham was head of business development at Chi-X Europe for six years and before that held senior roles at UBS and Credit Lyonnais.
Also joining the team, is Leila Mayet. Leila is currently part of the Nasdaq OMX sales team, based in London, and will join Aquis Exchange early in the New Year as a CRM executive. Leila began her career at BM&FBOVESPA and was educated at the University of Cape Town.
Graham and Leila will join current CRM executives Sakeena Lalljee and Pasquale Crispi.
Commenting on the appointments, Aquis Exchange CEO Alasdair Haynes said: “I am very pleased to be working with Graham again*. He brings with him a wealth of experience and contacts. I am confident that Graham and Leila will be instrumental in helping us build on our successful launch as we look to roll out the subscription pricing model to more and more users.”
Graham Dick added: “I am looking forward to working with Aquis Exchange because I believe its innovative technology and pricing structures will provide customer choice, which will act as a catalyst for the whole market to grow.”
*Alasdair Haynes and Graham Dick worked together at Chi-X Europe
**Aquis Exchange is regulated as a multilateral trading facility by the UK FCA. It was established in October 2012, launchedin November 2013, and operates a pan-European cash equities trading exchange and develops exchange software. Aquis Exchange is set to revolutionise the European trading landscape by its introduction of subscription pricing and innovative order types. Currently, over 90% of European equity trading in each individual country takes place on two exchanges. The aim of Aquis Exchange is to bring fresh competition into the marketplace in order to lower the trading costs maintained by the existing duopoly.
Aquis Exchange’s subscription pricing works on a similar model to that of the telecoms industry and is designed to encourage participation from all categories of professional trading firm. Users are charged according to the message traffic they generate, rather than a percentage of the value of each stock that they trade. There are different pricing bands to accommodate varying degrees of usage, with a very low usage band for small firms - who are traditionally disadvantaged by the pricing structure of the incumbent exchanges. On the other end of the pricing structure, is the top category where usageis unlimited (subject to a “fair usage” policy). For more information, please go to www.aquis.eu.