LONDON : Aquis Exchange said on Tuesday it had launched a new service across its British and European equity trading platforms to help customers who prefer to transact without alerting rivals to their activities access improved liquidity.
The so-called 'dark to lit sweep' functionality, designed by Aquis' pan-European equities trading division, will harness low latency technology to find best possible prices for users across both order books, while keeping a low impact on the overall market, the company said.
Members can choose for their order to be cancelled if no immediate opposing order is found on either book, or they can remain on the lit book until a buyer/seller matches with remainder of their order.
(Reporting By Sinead Cruise, editing by Kirstin Ridley)