Aquis Technologies, a division of Aquis Exchange PLC, has announced the launch of Aquis Equinox, a first-of-its-kind regulated market-grade 24x7 matching engine that does not require shutdown or downtime.
Aquis Technologies Debuts Aquis Equinox, a New Matching Engine
Aquis Equinox allows exchanges to guarantee uninterrupted operation, with no need for shutdowns during software upgrades, capacity increases, infrastructure changes, member onboarding or reference data management. Traditional and alternative finance exchange models usually need downtime for tasks like sequence number resets, maintenance, and software upgrades.
As a result, the system can handle various errors gracefully and automatically switch to a backup service in real-time, known as automated failover. This eliminates the possibility of split-brain distributed computing issues, where distributed computer systems cannot identify primary system components without human intervention.
Adrian Ip, the Managing Director of Aquis Technologies, believes this innovation brings "exchanges as a service" to reality, as the matching engine eliminates the need for traditional once-per-day shutdowns and enables economies of scale to be shared across exchange platforms.
"Aquis Equinox unlocks the potential of the next generation of capital markets for the world," Ip added.
Aquis Equinox operates through a shared ecosystem that can host multiple exchanges under a single matching engine. This setup delivers commercial efficiencies to both existing and start-up exchanges, significantly reducing the costs of staffing and in-house development. The cloud-native deployment can further cut costs associated with traditional data centers, reduce environment duplication and enhance speed to market.
Aquis Exchange Ends FY22 with 24% Higher Revenue
According to its recently released audited results last week, Aquis Exchange announced an annual increase of 24% in net revenue, reaching £20.1 million for the fiscal year 2022. In addition, the exchange experienced a rise of 27% in pre-tax profits, totaling £4.5 million, by the end of the year.
Based on the official figures, the exchange 's underlying profit, comprising pre-tax profits and comprehensive income, experienced an increase of 41%, reaching £4.7 million. The basic earnings per share for the fiscal year remained consistent with the prior year, standing at 17 pence.
In September 2022, the company launched the EU Aquis Matching Pool (AMP). AMP EU is an off-exchange venue that offers dark trading services to countries that comprise the European Union (EU).
In the meantime, the operator of the world's only subscription-based trading venues announced its cooperation with BMLL, one of the prominent independent providers of harmonized, historical Level 3 Data and analytics . Utilizing BMLL's granular Level 3 Data and analytics, Aquis can observe and demonstrate liquidity dynamics. Moreover, the company will offer its members third-party, independent confirmation of passive liquidity available on its venues compared to other European exchanges.
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