REG - Aquis Exchange PLC - AQSE becomes first cloud-based RIE

Aquis ExchangeAnnouncement

29/11/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231129:nRSc9604Ua&default-theme=true

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 6329

 Adele Gilbert, Head of Marketing

 Investec Bank plc (Nominated Adviser and Broker)      Tel: +44 (0)20 7597 4000
 David Anderson
 Bruce Garrow
 Lydia Zychowska

 St John Hunter

 Canaccord Genuity Limited (Joint Broker)              Tel: +44 (0) 20 7523 8000

 Emma Gabriel

 George Grainger

 VSA Capital Limited (AQSE Corporate Adviser)          Tel: +44(0)20 3005 5000

 Andrew Raca

 Alma Strategic Communications (Financial PR Adviser)  Tel: +44 (0)20 3405 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
(http://www.aquis.eu/) .

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDNKFBKOBDDKDB