Aquis has named Thomas Downes as head of markets. He replaces David Stevens, who became CEO in February.
Based in London, Downes is responsible for the firm’s pan-European multilateral trading facility.
Aquis reported £131 million in average monthly trading for the first half of 2025, recording its highest trading half on record with £778 million.
Earlier this year, Laetitia Visconti was named head of market structure at Aquis.
READ MORE: First hire since Haynes stepped down, Aquis appoints Laetitia Visconti
Downes has more than 25 years of experience and joins Aquis from fintech advisory firm IOX Partners, where he has been a managing partner since 2022. Prior to this, he was EMEA head of electronic trading sales and strategy at ITG, acquired by Virtu Financial in 2019. He spent more than 14 years with the company.
Downes began his career at Merrill Lynch in New York, rising to head of global credit technology product management in 2003.
