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(Alliance News) - Aquis Exchange PLC on Friday said its subsidiary Aquis Technologies has completed a project with the Singapore Exchange and Amazon Web Services on an innovative trading deployment in the cloud.
Aquis Exchange, an operator of cash equities trading businesses, growth and regulated markets, said that the project was "to validate that complex exchange architecture and operations can work as efficiently in the cloud as in physical data centres."
The teams at Aquis, SGX - a multi-asset exchange Singapore and AWS Transit Gateway developed a proof of concept to show that running matching and messaging in the cloud is a viable option.
The three companies reported that the project "produced a cloud-native financial exchange that had very low latency with minimal jitter, or level of consistency, while using 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."
Shares in Aquis Exchange were down 3.5% at 420.00 pence in London on Friday.
By Zoe Wickens; zoewickens@alliancenews.com
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