Aquis Exchange, the UK trading venue founded by City veteran Alasdair Haynes, has revealed it will have to wait until next year to complete the acquisition of a listings business it agreed to buy from CME Group in July.

In a statement on December 19, Aquis said it now expects approval from UK regulator the Financial Conduct Authority in early 2020 to complete the acquisition of Nex Exchange. When it first agreed to buy the business, Aquis said it expected approval in the autumn of this year.