Aquis Exchange PLC Aquis works with SGX & AWS on cloud deployment
November 20 2020 - 08:00AM
RNS Non-Regulatory
TIDMAQX
Aquis Exchange PLC
20 November 2020
20 November 2020
RNS Reach
Aquis Exchange PLC
("Aquis" or the "Company")
Aquis works with SGX & AWS on an innovative trading
deployment in the cloud
Proof of concept testing validates low-latency markets can be
hosted entirely on the cloud
Aquis Exchange PLC (AQX.L), the exchange services group, is
pleased to announce that its software development and licensing arm
Aquis Technologies has completed a project in collaboration with
Singapore Exchange (SGX) and Amazon Web Services (AWS) to validate
that complex exchange architecture and operations can work as
efficiently in the cloud as in physical data centres.
While most major financial exchanges operate using physical data
centres, the infrastructure required to run a trading environment
is massive, costly and the required networking to connect to market
participants is complex. If trading firms could leverage all the
benefits of running a cloud-based solution, the cost optimisation,
scalability and resiliency would make it very attractive.
Working alongside SGX, Asia's leading multi-asset exchange, and
the AWS Transit Gateway team, Aquis was successful in developing a
proof of concept to show running matching and messaging in the
cloud is indeed a viable option.
The project produced a cloud-native financial exchange that had
very low latency with minimal jitter (i.e. level of consistency)
while using multicasting (technology used to transmit data to a
group of destinations simultaneously) in a manner consistent with a
highly liquid and regulated environment.
Director of Aquis Technologies sales, Adrian Ip, said :
"The cloud-enabled marketplace we created has easy-to-manage
infrastructure that is scalable and highly performant and would
reduce the reliance on a data centre footprint and corresponding
infrastructure and network overheads. This opens up a range of new
possibilities for Aquis and for the whole exchange sector."
SGX's Head of Digital Services for Fixed Income, Currencies and
Commodities, Peter Shen added:
"SGX has always focused on building innovative market solutions
for our participants. We have been an early adopter of public
clouds for our platforms, and cloud-based matching engines have
great potential to drive the next evolution in financial markets
."
"We are excited by the results of the Aquis proof of concept
with SGX, which defines a path to free customers from maintaining
legacy on-premises infrastructure and implementing complex
workarounds to run multicast workloads in the cloud," said Mayumi
Hiramatsu, Vice President, EC2 Networking, Amazon Web Services,
Inc. "With native support for multicast, AWS Transit Gateway makes
it easy for Aquis to deploy trading applications that require
multicast messaging while having the ability to monitor, manage,
and scale multicast configurations for hundreds of receivers."
Enquiries:
Aquis Exchange PLC Tel: +44 (0) 20 3597 6321
Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Belinda Keheyan, Head of Marketing +44 (0) 7768 078 110
Alma PR (Financial PR Adviser) Tel: +44 (0)20 3405 0209
Susie Hudson aquis@almapr.co.uk
Rebecca Sanders-Hewett
Kieran Breheny
Notes to editors:
Aquis Exchange PLC is an exchange services group, which operates
pan-European cash equities trading businesses (Aquis Exchange),
growth and regulated primary markets (Aquis Stock Exchange/AQSE)
and develops/licenses exchange software to third parties (Aquis
Technologies).
Aquis Exchange is authorised and regulated by the UK Financial
Conduct Authority and France's Autorité des Marchés Financiers to
operate Multilateral Trading Facility businesses in the UK and in
EU27 respectively. Aquis operates a lit order book and does not
allow aggressive non-client proprietary trading, which has resulted
in lower toxicity and signalling risk 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 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.
Aquis Technologies is the software and technology division of
Aquis Exchange PLC. It creates and licenses cutting-edge,
cost-effective matching engine and trade surveillance technology
for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the Alternative
Investment Market of the LSE (AIM) market. For more information,
please go to www.aquis.eu
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