TIDMAQX
RNS Number : 9604U
Aquis Exchange PLC
29 November 2023
29 November 2023
Aquis Exchange PLC
("Aquis", the "Company" or the "Group")
Aquis Stock Exchange becomes first cloud-based recognised
investment exchange
Aquis Exchange PLC (AQX.L), the creator and facilitator of
next-generation financial markets, announces that its primary and
secondary markets exchange, the Aquis Stock Exchange, has become
the first recognised investment exchange (RIE) to run a cloud-based
matching engine.
At a time in which exchanges and exchange technology providers
are exploring options to take advantage of the scale and
flexibility of the cloud, Aquis has been the first to achieve full
migration of the matching engine, the core component used to
determine trades, of an RIE to the cloud.
Effective from 27 November 2023, all trades on the Aquis Stock
Exchange are being matched and executed successfully while running
on Amazon Web Services (AWS), which creates a seamless experience
with benefits including:
- Scalability: scalable capacity, which can be provisioned
as needed;
- Resilience : increased infrastructure and locations available
for use during spikes in trading volumes, and for backup
and failsafe purposes. This differs from traditional data
centre and on-premise exchange setup, where regulated
markets and trading venues typically need to procure significant
spare capacity of physical infrastructure;
- Flexibility: ability to respond in a more dynamic and
timely manner to any unforeseen demand requirements, with
provisioning on AWS being faster than an on-premise alternative;
- Cost: cost efficiency savings relating to provisioning,
staffing of physical locations, procurement of hardware
and energy usage; and
- Environmental: significant reduction in an exchange's
environmental footprint through a decrease in data centre
energy usage.
Alasdair Haynes, Chief Executive Officer at Aquis Exchange PLC
said:
"This latest development further highlights the focus on
innovation within the Group and represents an additional step in
the execution of the Aquis Technologies strategy. The cloud-based
matching engine enables the business to deliver transformation
across the exchange space globally through the application of its
cutting-edge, institutional-grade technology."
Adrian Ip, Managing Director, Aquis Technologies, said:
"Aquis has been a trailblazer in cloud deployment of exchange
technology since 2020, when we first completed a proof of concept
with AWS and the Singapore Exchange."
"Since then, we have provided full cloud and hybrid solutions
for several clients, as well as launching Aquis Equinox - the
world's first 24/7 matching engine. It is a natural progression to
look at the ways in which cloud technology can benefit our own
exchanges, and it's great to see Aquis Stock Exchange pave the way
for other recognised investment exchanges."
Brian Cassin, Head Market Development for Capital Markets, AWS,
said:
"By running on AWS, the Aquis Stock Exchange is driving
transformation across the capital markets industry while continuing
to enhance the scalability, functionality and innovation that will
benefit its members and stakeholders in an environment where
security and resiliency are our highest priority."
"We will continue to build on the experience Aquis has in
creating and facilitating next-generation financial markets with
the reliability, global presence, and security of AWS to help Aquis
continue to expand and seamlessly transact billions of dollars in
trades per day."
-ends-
Enquiries:
Aquis Exchange PLC Tel: +44 (0)20 3597
6321
Alasdair Haynes, CEO
Richard Fisher, CFO Tel: +44 (0)20 3597
Adele Gilbert, Head of Marketing 6329
Investec Bank plc (Nominated Adviser and Tel: +44 (0)20 7597
Broker) 4000
David Anderson
Bruce Garrow
Lydia Zychowska
St John Hunter
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523
Emma Gabriel 8000
George Grainger
VSA Capital Limited (AQSE Corporate Adviser)
Andrew Raca Tel: +44(0)20 3005
5000
Alma Strategic Communications (Financial Tel: +44 (0)20 3405
PR Adviser) 0209
Josh Royston aquis@almastrategic.com
Rebecca Sanders-Hewett
Kieran Breheny
Notes to editors:
About Aquis Exchange PLC
Aquis Exchange PLC ("Aquis") is a creator and facilitator of
next-generation financial markets, through the provision of
accessible, simple and efficient stock exchanges, trading venues
and technology.
Aquis consists of four divisions:
Aquis Markets operates lit and dark order books, covering 16
European markets. For its lit books, Aquis uses a subscription
pricing model which works by charging users according to the
message traffic they generate, rather than a percentage of the
value of each stock that they trade.
Aquis Technologies is the software and technology division of
Aquis. It focuses on building better markets via the creation and
licensing of cutting-edge, cost-effective exchange infrastructure
technology and services, including matching engine and trade
surveillance solutions.
Aquis Stock Exchange (AQSE) is a stock market providing primary
and secondary markets for equity and debt products. It is
authorised as a Recognised Investment Exchange, which allows it to
operate a regulated listings venue. The AQSE Growth Market is
divided into two segments 'Access' and 'Apex'; the Access market
focuses on earlier stage growth companies, while Apex is the
intended market for larger, more established businesses.
Aquis Data generates revenue from the sale of data derived from
Aquis Markets and Aquis Stock Exchange to non-Member market
participants.
Aquis is authorised and regulated by the UK Financial Conduct
Authority and France's Autorité de contrôle prudentiel et de
résolution and L'Autorité des marchés financiers to operate
Multilateral Trading Facility businesses in the UK &
Switzerland markets and in EU27 markets respectively. Aquis
Exchange PLC is quoted on the Aquis Stock Exchange and on the AIM
Market (AIM) of the LSE. For more information, please go to
www.aquis.eu .
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END
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