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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aquis Exchange PLC    AQX   GB00BD5JNK30

AQUIS EXCHANGE PLC

(AQX)
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Goldman Sachs to open Paris stocks hub to avoid Brexit disruption

11/25/2020 | 02:48am EST
FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney

LONDON (Reuters) - Goldman Sachs said on Tuesday it will launch a share trading hub in Paris, in the sector's latest move to avoid disruption to customers after Britain's full departure from the European Union next month.

London has long been Europe's share trading centre, but the EU has yet to say if it will allow full cross-border share trading to continue after December 31, when Britain's unfettered access to the bloc ends.

Goldman said it plans to launch a SIGMA X Europe platform in Paris prior to January 4, 2021, subject to regulatory approvals.

"We want to ensure that our clients continue to have access to all of our key liquidity sources post-Brexit," said Liz Martin, Goldman's global co-head of futures and equities electronic trading.

SIGMA X Europe will trade shares listed across 15 European markets, while its existing UK hub will continue to trade UK and European listings.

Britain has said it will allow UK investors to continue using share trading platforms based in the bloc from January.

Brussels has said that EU investors should use a platform inside the bloc to trade shares denominated in euros, thereby splitting markets and forcing major players like Goldman to have a foot in both camps.

Three pan-European share trading platforms in London - CBOE, London Stock Exchange's Turquoise, and Aquis Exchange - have already obtained regulatory approvals for EU hubs.

Turquoise has said that without the EU agreeing to full two-way market access by Nov. 30, it will start up its new Dutch hub.

Also on Tuesday, British real estate investment trust Segro listed its shares in Paris as UK companies look to move assets and operations over to mainland Europe as Brexit looms.

(Reporting by Huw Jones; Editing by Kirsten Donovan)

By Huw Jones


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AQUIS EXCHANGE PLC 0.00% 525 Delayed Quote.11.70%
EURO / BRITISH POUND (EUR/GBP) 0.35% 0.8883 Delayed Quote.-0.93%
EURONEXT N.V. -1.70% 89.5 Real-time Quote.1.00%
LONDON STOCK EXCHANGE PLC -1.80% 8520 Delayed Quote.-3.75%
SEGRO PLC -2.40% 942.4 Delayed Quote.1.82%
THE GOLDMAN SACHS GROUP, INC. -2.99% 273.33 Delayed Quote.6.84%
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More news
Financials
Sales 2020 10,9 M 14,9 M 14,9 M
Net income 2020 - - -
Net cash 2020 11,0 M 15,0 M 15,0 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 143 M 195 M 195 M
EV / Sales 2020 12,1x
EV / Sales 2021 8,25x
Nbr of Employees 37
Free-Float 55,6%
Chart AQUIS EXCHANGE PLC
Duration : Period :
Aquis Exchange PLC Technical Analysis Chart | AQX | GB00BD5JNK30 | MarketScreener
Technical analysis trends AQUIS EXCHANGE PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 606,00 GBX
Last Close Price 525,00 GBX
Spread / Highest target 15,4%
Spread / Average Target 15,4%
Spread / Lowest Target 15,4%
Managers and Directors
NameTitle
Alasdair Frederick Seton Haynes Chief Executive Officer & Director
Nicola Jane Beattie Independent Non-Executive Chairman
Jonathan Charles Clelland CFO, Chief Operating Officer, Secretary & Director
Paul Roberts Head-Information Technology Infrastructure
Richard E. T. Bennett Senior Independent Non-Executive Director
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