Aquis Technologies to supply new infrastructure bourse with full suite of exchange technologies
EIE to take Aquis Matching Engine and Surveillance Operations
Deal includes first-line surveillance service
LONDON – 13th April 2018 – Aquis Technologies, the financial and regulatory technologies services arm of Aquis Exchange*, has been chosen by Estates and Infrastructure Exchange (EIE) to be its supplier of trading technology. EIE will take Aquis’ complete suite of exchange technology including the market-leading Aquis Matching Engine (AME), its state-of-the-art Aquis Market Surveillance (AMS), as well as operations tools and assistance in the post trade environment.
EIE, which is aiming to become a Registered Investment Exchange, is the world’s first infrastructure trading platform to create a bridge between the billions of underinvested capital and the thousands of globally unfunded projects. EIE was launched in mid-2017 and works with national governments, local government, landowners, universities, and energy/transport companies to package and fund major development, regeneration and construction projects as bonds. The exchange matches these with professional investors, offering them the ability to buy and sell infrastructure bonds on a risk-adjusted basis. The projects on EIE will be available as liquid tradable debt and equity style instruments. This will ensure the project owners receive the capital at the best price and investors will receive a constant supply of opportunities so they can build a portfolio according to their risk appetite.
Aquis will supply EIE with a trading front end, its high speed, high capacity matching engine, a surveillance solution, including a first-line surveillance service, as well as market operations and post trade tools and services. Both the matching engine and the surveillance system will be hosted in the cloud. In Europe there is particular demand for compliance and surveillance systems as existing Market Abuse Regulation (MAR) rules and now MiFID II regulations mandate that trading firms of all types must have systems in place to monitor and analyse their order flow and transactions in order to detect actual, and attempted, market abuse and fulfil Best Execution criteria.
Commenting on the agreement, Magnus Almqvist, Head of Technology Sales, Aquis, said:
“Uniquely, Aquis Technologies offers a full suite of products and services that are cost-effective, flexible and highly performant, which make it an ideal partner for a new exchange. We are very pleased that EIE has picked Aquis Technologies to help it launch such an innovative exchange. This signifies a step change in the type of services Aquis offers the financial industry.”
Mike Blakey, COO of EIE, added: “Having looked across the spectrum of potential suppliers, we felt that Aquis was the best fit for us in terms of our requirements for building an exchange from the bottom up. Their products are second to none and their own experience as a start up with the launch of the Aquis Exchange MTF in 2013, means they can give us much useful guidance and advice. Their flexibility will also support our development plans for 2018.”
*About Aquis Exchange and Aquis Technologies
Aquis Exchange Limited is an exchange services group, which operates a pan-European cash equities trading exchange (Aquis Exchange) and develops and licenses exchange software to third parties (Aquis Technologies).
Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority to operate a Multilateral Trading Facility. Aquis MTF operates a lit order book and does not allow aggressive non-client proprietary trading, thus toxicity and signalling risk is lower on Aquis than other trading venues in Europe. According to independent studies, trades on Aquis are less likely to lead to price movement than on other lit markets. 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 Exchange Limited. It creates and licenses cost-effective matching engine and market surveillance technology for banks, brokers, investment firms and exchanges.