TIDMAQX
Aquis Exchange PLC
03 April 2023
3 April 2023
Aquis launches the world's first regulated market grade 24x7
exchange
("Aquis", the "Company" or the "Group")
Aquis Technologies, a division of Aquis Exchange PLC - the
creator and facilitator of next-generation financial markets, is
pleased to announce the launch of Aquis Equinox: a world-first,
regulated market-grade 24x7 matching engine which never requires
shut down or downtime.
In traditional exchange models, along with alternative finance
exchange models, exchanges typically require downtime at set
periods to ensure required actions such as sequence number resets,
maintenance and software upgrades are implemented.
Now, exchanges running on Aquis Equinox can guarantee continuous
operation, with no need for shutdown for software upgrades,
infrastructure changes, capacity increases, reference data
management or member onboarding.
Aquis Equinox combines this uninterrupted availability with the
highest regulatory standards, alongside extreme fault tolerance and
proprietary engineering. This ensures that the system can handle
any kind of errors gracefully and automatically switch to a backup
service (known as automated failover) in real time. This also means
that instances where distributed computer systems are unable to
identify the primary system components without human intervention
(known as split-brain distributed computing issues) do not
occur.
Run through a shared ecosystem capable of hosting multiple
exchanges under a single matching engine, Aquis Equinox delivers
commercial efficiencies to both existing and start-up exchanges,
and substantially reduces the costs of in-house development and
staffing. Cloud-native deployment can eliminate costs associated
with traditional data centres, decrease disaster recovery
environment size, reduce environment duplication, carbon emissions
and energy consumption, and improve speed to market.
The product was developed in-house by the Group's Aquis
Technologies team, and is enabled by significant investment into
its technology stack. Aquis Equinox has undergone rigorous testing
and is now available as a cloud-native, hybrid or on-premise
solution for customers .
Adrian Ip, Managing Director, Aquis Technologies, said:
"With the ability to run an exchange system without the need for
shut-down, our ambition to offer "exchanges as a service" has now
become a reality.
In the past, exchange technology providers have always been
limited by the fact that different exchanges have different time
zones and therefore varying hours of operation. What was
traditionally a once per day shutdown to maintain the exchange now
becomes redundant through Aquis Equinox.
Moreover, through a shared ecosystem in which downtime is not a
requirement, Aquis' matching engine enables the economies of scale
to be shared across exchange platforms, delivering significant
benefits to customers.
For too long, the traditional exchange technology provision
industry has exported its entire business model to the world.
Expensive software licenses, data centres, people and energy
consumption. Stopping other industries which could benefit from
regulated market grade technology. Aquis Equinox unlocks the
potential of the next generation of capital markets for the world.
"
Aquis is well-recognised for unmatched performance in exchange
services, with the Aquis Matching Engine offering the industry's
lowest latency. In addition, Aquis has been a true pioneer and
market leader in full cloud-based exchange deployments since
developing a cloud-native financial exchange alongside SGX and AWS
in 2020.
Further information on Aquis Equinox can be found at:
www.aquis.eu/technologies/equinox .
Aquis Exchange PLC Tel: +44 (0) 20 3597
6321
Alasdair Haynes, CEO
Richard Fisher, CFO
Adele Gilbert, Head of Marketing
VSA Capital Limited (AQSE Corporate Tel: +44(0)20 3005 5000
Adviser)
Andrew Raca
Liberum Capital Limited (Nominated Tel: +44 (0) 20 3100
Adviser and Joint Broker) 2000
Chris Clarke
Clayton Bush
Edward Thomas
Kane Collings
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523
8000
Emma Gabriel
Patrick Dolaghan
Alma PR (Financial PR Adviser) Tel: +44 (0)20 3405 0209
Josh Royston aquis@almapr.co.uk
Kieran Breheny
Pippa Crabtree
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 three divisions: Aquis Markets, a
subscription-based exchange offering pan-European cash equities
trading; Aquis Technologies, which develops and licenses
next-generation exchange technology globally; and Aquis Stock
Exchange, a growth and regulated primary exchange delivering
capital to companies via the listing and trading of shares.
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 and does not allow aggressive
non-client proprietary trading, which has resulted in lower market
impact and signalling risk on Aquis than other trading venues in
Europe.
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', with different
levels of admission criteria. The Access market focuses on earlier
stage growth companies, while Apex is the intended market for
larger, more established businesses.
Aquis is authorised and regulated by the UK Financial Conduct
Authority and France's Autorité de contrôle prudentiel et de
résolution and 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
Alternative Investment Market of the LSE (AIM) market. For more
information, please go to www.aquis.eu .
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END
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(END) Dow Jones Newswires
April 03, 2023 02:00 ET (06:00 GMT)
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