{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/LQAG",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# LAIQON AG INH O.N. (Xetra: LQAG) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is LAIQON AG INH O.N., listed on Xetra under ticker LQAG, with ISIN DE000A12UP29 and LEI 391200MMIN9EPH3GOD16. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record, as the Xetra instruments file carries index membership rather than a sector classification. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 3 filings in the twelve months to 2026-11-06, all of them on 3 filing days and all of type corporate_news. The median gap between filing days is 33.5 days. The latest filing is dated 2026-11-03, 3 days before the record date. For Xetra the record holds 419 issuers with a median cadence gap of 22.8 days, a median of 6 filings and a median latency of 5.5 days. The sector peer figures for DE are not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record, and its location is not on the record. The record carries the annual report link only, which is a source link and not a read. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register yet. The issuer is listed, not halted.\n\n## Orderability\n\nUnder rule version acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04, the outcome is ACM-200 for Professionelle Kunden, ACM-200 for Privatkunden and ACM-200 for Geeignete Gegenparteien, and each outcome is determinable.\n\n## Coverage\n\nNo research houses were found on the investor-relations pages read, so the count is 0 and no houses are named.\n\n## Open research\n\nThe record holds 6 openly published research notes: SMC Research on 2025-07-14, NuWays Research on 2025-03-13, NuWays Research on 2024-11-25, First Berlin Equity Research on 2024-08-20, Baader Europe Research on 2024-04-16 and AlsterResearch on 2023-02-02.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.\n\n## Sources\n\n13 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/391200MMIN9EPH3GOD16 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/LQAG (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://laiqon.ag/fileadmin/user_upload/2025_07_14_SMC-Update_LAIQON.pdf (open research)\n- https://laiqon.ag/fileadmin/user_upload/NOTE_LAIQON_AG20250313.pdf (open research)\n- https://laiqon.ag/fileadmin/AG/Investor-Relations/Research/NOTE_LAIQON_AG20241122.pdf (open research)\n- https://laiqon.ag/fileadmin/AG/Investor-Relations/Research/LQAG_GR-2024-08-20_EN.pdf (open research)\n- https://laiqon.ag/fileadmin/user_upload/LAIQON_AG_240416.pdf (open research)\n- https://laiqon.ag/fileadmin/user_upload/AlsterResearch_2023_02_02_LAIQON_2022_Prel_Results___xad7vpvu.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/LQAG (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/LQAG",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 3
   },
   "cadence_median_gap_days": 33.5,
   "filing_days": 3,
   "filings": 3,
   "latency_days": 3,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-11-03",
     "source": "https://www.eqs-news.com/de/news/corporate/laiqon-eu-ai-etf-erreicht-90-mio-eur-us-ai-etf-startet-boersenlisting/9480a030-4ae2-470f-9175-dc69a8d84e67_de",
     "title": "LAIQON: EU - AI ETF erreicht 90 Mio. EUR - US - AI ETF startet Börsenlisting | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "research-channel",
     "date": "2026-10-26",
     "source": "https://www.eqs-news.com/news/research-channel/original-research-laiqon-ag-von-first-berlin-equity-research-gmbh-buy/bf3e43ca-a5b0-46ac-95e6-100bbfd1905a_en",
     "title": "LAIQON AG (von First Berlin Equity Research GmbH): Buy",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-08-28",
     "source": "https://www.eqs-news.com/de/news/corporate/laiqon-ag-continues-on-its-growth-path-with-the-growth-28-strategy-annual-general-meeting-gives-broad-backing-to-the-management-board/c50ec7a5-8349-4f04-883a-1662c0308871_en",
     "title": "LAIQON AG continues on its growth path with the GROWTH 28 ...",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-11-03",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/LQAG",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
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    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A12UP29"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/391200MMIN9EPH3GOD16",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A12UP29)",
    "state": "sourced",
    "value": "391200MMIN9EPH3GOD16"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "LAIQON AG INH O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "LQAG"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:1a8bc13f8cd4a018321cae69316966b194b1b895c4ac1b45c72047ba397e2b0f",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-07-14",
     "kind": "issuer-sponsored",
     "publisher": "SMC Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://laiqon.ag/fileadmin/user_upload/2025_07_14_SMC-Update_LAIQON.pdf",
     "state": "sourced",
     "title": "LAIQON AG — Research-Update"
    },
    {
     "date": "2025-03-13",
     "kind": "issuer-sponsored",
     "publisher": "NuWays Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://laiqon.ag/fileadmin/user_upload/NOTE_LAIQON_AG20250313.pdf",
     "state": "sourced",
     "title": "LAIQON AG — Update"
    },
    {
     "date": "2024-11-25",
     "kind": "issuer-sponsored",
     "publisher": "NuWays Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://laiqon.ag/fileadmin/AG/Investor-Relations/Research/NOTE_LAIQON_AG20241122.pdf",
     "state": "sourced",
     "title": "LAIQON AG — Update - 25.11.2024"
    },
    {
     "date": "2024-08-20",
     "kind": "issuer-sponsored",
     "publisher": "First Berlin Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://laiqon.ag/fileadmin/AG/Investor-Relations/Research/LQAG_GR-2024-08-20_EN.pdf",
     "state": "sourced",
     "title": "LAIQON AG — Initiation of coverage"
    },
    {
     "date": "2024-04-16",
     "kind": "issuer-sponsored",
     "publisher": "Baader Europe Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://laiqon.ag/fileadmin/user_upload/LAIQON_AG_240416.pdf",
     "state": "sourced",
     "title": "LAIQON AG"
    },
    {
     "date": "2023-02-02",
     "kind": "issuer-sponsored",
     "publisher": "AlsterResearch",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://laiqon.ag/fileadmin/user_upload/AlsterResearch_2023_02_02_LAIQON_2022_Prel_Results___xad7vpvu.pdf",
     "state": "sourced",
     "title": "LAIQON AG — Update"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/LQAG",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:1a8bc13f8cd4a018321cae69316966b194b1b895c4ac1b45c72047ba397e2b0f",
 "path": "/de/XETRA/LQAG",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is LAIQON AG INH O.N., listed on Xetra under ticker LQAG, with ISIN DE000A12UP29 and LEI 391200MMIN9EPH3GOD16. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record, as the Xetra instruments file carries index membership rather than a sector classification. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 3 filings in the twelve months to 2026-11-06, all of them on 3 filing days and all of type corporate_news. The median gap between filing days is 33.5 days. The latest filing is dated 2026-11-03, 3 days before the record date. For Xetra the record holds 419 issuers with a median cadence gap of 22.8 days, a median of 6 filings and a median latency of 5.5 days. The sector peer figures for DE are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and its location is not on the record. The record carries the annual report link only, which is a source link and not a read. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register yet. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under rule version acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04, the outcome is ACM-200 for Professionelle Kunden, ACM-200 for Privatkunden and ACM-200 for Geeignete Gegenparteien, and each outcome is determinable.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the investor-relations pages read, so the count is 0 and no houses are named.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 6 openly published research notes: SMC Research on 2025-07-14, NuWays Research on 2025-03-13, NuWays Research on 2024-11-25, First Berlin Equity Research on 2024-08-20, Baader Europe Research on 2024-04-16 and AlsterResearch on 2023-02-02.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "13 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/391200MMIN9EPH3GOD16"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/LQAG"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://laiqon.ag/fileadmin/user_upload/2025_07_14_SMC-Update_LAIQON.pdf"
  },
  {
   "for": "open research",
   "source": "https://laiqon.ag/fileadmin/user_upload/NOTE_LAIQON_AG20250313.pdf"
  },
  {
   "for": "open research",
   "source": "https://laiqon.ag/fileadmin/AG/Investor-Relations/Research/NOTE_LAIQON_AG20241122.pdf"
  },
  {
   "for": "open research",
   "source": "https://laiqon.ag/fileadmin/AG/Investor-Relations/Research/LQAG_GR-2024-08-20_EN.pdf"
  },
  {
   "for": "open research",
   "source": "https://laiqon.ag/fileadmin/user_upload/LAIQON_AG_240416.pdf"
  },
  {
   "for": "open research",
   "source": "https://laiqon.ag/fileadmin/user_upload/AlsterResearch_2023_02_02_LAIQON_2022_Prel_Results___xad7vpvu.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/LQAG"
  }
 ],
 "title": "LAIQON AG INH O.N. (LQAG) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}