Aquis Stock Exchange has become the first recognised investment exchange (RIE) to run a cloud-based matching engine.
Aquis today confirmed that it has achieved 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 (both primary and secondary markets) are now being matched and executed while running on Amazon Web Services (AWS). The exchange says that benefits include scalability, resilience, flexibility, cost efficiency, and a significant reduction in environmental impact due to decreased energy centre usage.
Aquis has been working on its cloud deployment since 2020, when it 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,” explained Adrian Ip, managing director of Aquis Technologies. “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.”
“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,” said Brian Cassin, head of market development for capital markets at AWS.
“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.”
Aquis CEO Alasdair Haynes concluded: “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.”
©Markets Media Europe 2023
