Aquis Exchange PLC Technology Licensing Agreement (9062Z)
06 September 2018 - 4:00PM
UK Regulatory
TIDMAQX
RNS Number : 9062Z
Aquis Exchange PLC
06 September 2018
Aquis Exchange PLC
("Aquis" or the "Company")
Technology Licensing Agreement
Aquis partners with Archax on institutional crypto exchange
Aquis is pleased to announce that Aquis Technologies, the
financial and regulatory technology services arm of the Company,
has entered into an agreement with Archax, the institutional-grade
crypto and security token exchange, to supply it with trading
technology when its exchange launches in the first half of
2019.
Archax is a forthcoming institutional-grade crypto exchange,
built for institutions and run in a regulated manner. Founded by
experts from the financial markets and backed by an accomplished
advisory board, Archax offers a credible bridge between the new
Blockchain-centric crypto community and the traditional investment
space.
Archax will license Aquis' complete suite of exchange operations
services and tools, including its high speed and high capacity
Aquis Matching Engine (AME), its state-of-the-art Aquis Market
Surveillance System (AMS), as well as operations systems and
assistance in the post trade environment. Archax will initially
have exclusive use of the Company's technology in the digital asset
space.
The three year agreement comprises an upfront implementation fee
and a recurring licence fee when the exchange launches, subject to
its funding round planned for later this year. The agreement is in
line with the Company's stated strategy to license its technology
to third parties.
Commenting on the agreement, Archax CEO, Graham Rodford, said:
"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.
The fact that so many market participants are already familiar with
their technology was a key factor in us selecting them. We believe
that using a regulated MTF operator to run our core matching
engine, as well as leveraging Aquis' market surveillance team, will
also fast track our time to market."
David Lester, former Chief Strategy Officer of the London Stock
Exchange Group and Advisor and Non-Executive Director at Archax,
added: "For an institutional exchange to be successful, the choice
of technology is key. I am delighted that Archax is choosing to
partner with Aquis, a proven operator of technology for existing
regulated, high-performance markets. I look forward to the rollout
and the introduction of Archax services to the marketplace."
Alasdair Haynes, CEO of Aquis, said: "We have been approached by
many firms wanting to use our technology in the crypto space. The
Archax team, however, bring the extensive experience from
traditional regulated markets that we believe is needed to launch a
successful crypto exchange for institutional use and we and very
pleased to be working with them."
ENQUIRIES
Aquis Exchange PLC
Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Tel: +44 (0) 20 3597 6321
Liberum Capital Limited (Nominated Adviser and Broker)
Clayton Bush
Chris Clarke
Kane Collings
Tel: +44 (0) 20 3100 2000
Finsbury (Financial Public Relations)
Alastair Hetherington
Michael Turner
Alexander Gorokhov
Tel: +44 (0) 20 7251 3801
Website:
http://www.aquis.eu
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END
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