Aquis Exchange PLC (LON:AQX) has today provided an unaudited trading update for the year ended 31 December 2023 (“FY23”).
Aquis confirms that it expects to report performance for the 23rd year in line with the Board’s expectations.
Net income rose 12% to £22.6m (£20.1m 22).
Pre-tax profits rose 16% to £5.2m (FY22 £4.5m).
Aquis Markets increased market share following the change to the proprietary trading rule in November 2023. Total pan-European market share for December 2023 was 4.97%, up from 4.76% in November and 4.58% in October 2023. January 2024 year to date average is 5.21%.
Aquis Technologies has been awarded two new technology contracts in 2023, including one for a central bank. In addition, an existing contract moved from the planning and consulting stage to the exchange delivery stage. The division now has nine contracts, seven of which have been recognized as revenue.
Aquis Data increased revenue by over 20% from selling Aquis Markets and Aquis Stock Exchange data to non-member market participants. Aquis continues to expect significant benefits from the emergence of consolidated EU and UK films.
Aquis Stock Exchange introduced 16 new companies in 2023.
Alasdair Haynes, CEO of Aquis Exchange PLC said:
“In a year characterized by uncertainty and challenging market conditions, I am truly pleased to report another year of double-digit revenue growth for Aquis Exchange alongside several successful strategic developments for the Group that we expect to see the benefits of so close as well as in the long run. We are well positioned for the future and look forward to delivering in 2024 and beyond.”