Aquis Forgoes Implementing Speed Bumps, But Will Ban Predatory High-Frequency Trading
Following the rule change, Aquis officials expect liquidity to further improve.
Coming into effect on February 8, the rule change is intended to encourage better liquidity and prevent negative order flow. In short, the rule change confirms that firms wishing to continue propreity trading must sign an addendum; whilst members approved as liquidity providers will only be authorized to trade passively.
Alasdair Haynes, the CEO of Aquis Exchange, tells WatersTechnology that while they are not against HFT, they have to be judicious as to the kinds of activities that will be
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