Aquis targets November launch date

Michael Bow
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AQUIS Exchange, the trading platform which has attracted the attention former Barclays boss Bob Diamond, has told prospective clients it hopes to launch the exchange next month.

The company, which has been set up by former Chi-X chief executive Alasdair Haynes, wrote to potential customers last week telling them it hoped the trading platform would go live on 14 November.

However, the roll out could be delayed by the new City watchdog – the Financial Conduct Authority (FCA) – which needs to approve the plan before the company can turn on its trading systems.

Aquis applied to the FCA in January for approval but is still waiting for its decision nearly ten months later.