Slaughter and May advised Aquis Exchange Limited ('Aquis Exchange') on its agreement with Warsaw Stock Exchange ('WSE') under which WSE will invest £5 million in Aquis Exchange for 30% of its entire issued share capital.

Aquis Exchange was established in October 2012 and has been created to operate a pan-European equities trading exchange and develop exchange software. Aquis Exchange has applied for regulatory approval from the Financial Conduct Authority and, subject to gaining that approval, is planning to go live in October 2013 with its innovative subscription pricing model.

Slaughter and May also advised on the establishment of Aquis Exchange as well as each of its investment rounds to date.

CONTACTS

Corporate and Commercial: Richard Smith (partner), Oliver Broomfield (associate)