Trading

Aquis to curb predatory HFTs in liquidity chase

European equity trading platform to split members into two camps in a controversial effort to build volumes

Aquis Exchange, a European equity trading platform led by industry veteran Alasdair Haynes, will attempt to boost liquidity by limiting the way high-frequency trading firms use the platform.

Aquis, launched by Haynes in November 2013, is to split its membership into two categories: those that trade on behalf of clients, such as investment banks and brokers; and those that employ proprietary trading strategies, such as high-frequency trading firms.

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