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Archax selects Aquis Technologies to underpin institutional-grade crypto exchange

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Archax, the institutional-grade crypto and security token exchange due to open in the first half of 2019, has selected Aquis Technologies for a complete suite of exchange operations services and tools to support its business. The suite includes the Aquis Matching Engine (AME) and Aquis Market Surveillance (AMS), as well as market operations and post-trade tools and services. Both the matching engine and the system will be hosted by Aquis in the Equinix LD4 datacentre and will operate on a 24×7 basis.
The three-year agreement, which initially includes exclusive use by Archax of Aquis Exchange technology in the digital asset space, comprises an upfront implementation fee and a recurring licence fee when the exchange opens, subject to its funding round planned for later this year. The agreement is in line with Aquis Exchange’s stated strategy to license technology developed by its financial and regulatory technology services arm to third parties.
Commenting on the agreement, Graham Rodford, CEO at Archax, says: “It was vital for us to work with an existing provider of cutting-edge, traditional exchange technology with a strong record of delivering products, systems and services to third parties. Having reviewed a large number of options, it was clear that Aquis was a perfect fit for us and the winner in terms of performance. Using a regulated multi-lateral trading facility (MTF) operator (Aquis Exchange) to run our core matching engine, as well as leveraging the Aquis market surveillance team, should fast track our time to market.”
Alasdair Haynes, CEO at Aquis Exchange, adds: “We have been approached by many firms wanting to use our technology in the crypto space. The Archax team, however, brings the extensive experience from traditional regulated markets that we believe is needed to launch a successful crypto exchange for institutional use.”
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