Linear Investments has acquired the assets of AQX Securities agency execution business from the Aquila Group.
The acquisition will enhance Linear’s existing execution-only services and broaden its reach across asset classes, from equities, exchange-traded funds, futures and options, to cash and fixed income.
Paul Kelly, CEO of Linear Investments, commented: “Our acquisition of AQX Securities’s execution business further enhances our multi-asset execution and outsourced trading desk capabilities.”
He added: “By combining the two businesses our mutual clients will benefit from the competitive advantages associated with increased trading volumes and the broader umbrella services that we can now offer them all.”
Sam Merali, head of agency brokerage at Linear Investments, added: “This is an exciting new chapter for Linear Investments as it on-boards and services AQX Securities’s pan-European buy-side clients.”
Prior to the acquisition, Merali was joint managing director of AQX Securities in the UK, responsible for pan-European sales and business development.
