Market's view on Aquis Exchange
Published on April 2024
- Aquis Exchange is recognised for its positive momentum and potential, with expectations that it could be a target for a foreign acquisition by entities like SSE or Deutsche Bourse.
- The financial performance of Aquis Exchange shows all four divisions (Aquis Markets, AQSE, Aquis Tech, and Data) as symbiotic, profitable, and increasing in profits. However, Aquis Markets faces challenges such as lower market volumes and sluggish member growth.
- Aquis Exchange’s technology sales are highlighted as having the potential to significantly transform the business, with ongoing innovations and the development of a consolidated tape expected to substantially scale up earnings.
- Aquis Tech is performing well, winning contracts against major players due to its superior and more cost-effective technology.
- Market share statistics are discussed, with a recent increase to 5.45% and expectations set for growth to 10-11% in the next 3-5 years.
- The company’s profitability before tax has improved, although some stock watchers consider the stock expensive compared to its market cap.
- Aquis Exchange has relaxed rules around “aggressive non-proprietary trading,” aiming to provide members with greater flexibility and choice.
- There are concerns about the share price not meeting expectations, with one watcher expressing disappointment over the lack of significant growth in the share price.
- The overall sentiment is cautiously positive, with recognition of the company’s potential to grow significantly, especially in technology and data services, despite some current challenges in market share and member growth.