This week the Aquis Stock Exchange has become the first recognised investment exchange (RIE) to run a cloud-based matching engine, having achieved a full migration.
Speaking to The TRADE, Adrian Ip, managing director at Aquis Technologies, said: “We are pleased to be the first regulated exchange in a major jurisdiction to adopt pure cloud for the matching engine, but we fully expect to see other exchanges follow suit.
“The wealth of benefits provided by the cloud, including its scalable capacity, infrastructural resilience and cost efficiency savings make migration to the cloud a compelling alternative to traditional on-premise solutions.”
All Aquis Stock Exchange trades are now being matched and executed successfully while running on Amazon Web Services (AWS) as of 27 November.
Alasdair Haynes
Alasdair Haynes, chief executive at Aquis Exchange, highlighted how this step fits into the business’ strategy: “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.”
The key benefits of the adoption include scalable capacity, cost saving, reduction in the exchange’s environmental footprint, increased infrastructure resilience, flexibility and speed of response times.
In April Aquis launched Aquis Equinox – the world’s first 24/7 matching engine and has previously also completed a proof of concept with AWS and the Singapore Exchange.
Brian Cassin, head market development for capital markets at 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.”