Aquis Exchange PLC Aquis supplies AkinovA with trading technology
05 March 2019 - 10:00PM
RNS Non-Regulatory
TIDMAQX
Aquis Exchange PLC
05 March 2019
5 March 2019
RNS Reach
Aquis Exchange PLC
("Aquis", the "Company" or the "Group")
AkinovA Marketplace incorporates trading technology from
Aquis
The AkinovA Marketplace is incorporating Aquis' Matching Engine
and Surveillance Tools within its technology stack to enhance its
electronic platform for the transfer and trading of (re)insurance
risks.
AkinovA Limited, has selected Aquis Technologies, the financial
and regulatory technologies arm of Aquis Exchange, to be part of
its marketplace technology stack. AkinovA and Aquis Technologies
have already developed specific functionalities and services for
use in AkinovA's electronic marketplace for the transfer and
trading of (re)insurance risks. AkinovA is incorporating Aquis'
suite of exchange technologies and services, including the
market-leading Aquis Matching Engine (AME) together with its
state-of-the-art Aquis Market Surveillance (AMS) system. Assistance
in the post trade environment will involve reporting and a first
line surveillance service.
Aquis will supply AkinovA with an institutional grade, high
speed, high capacity matching engine and a surveillance solution,
including first line surveillance, as well as market operations and
reporting. Across financial services, the importance of compliance
and surveillance systems continues to increase due to the Market
Abuse Regulation (MAR) and MiFID II regulations. These require that
trading firms of all types must have systems in place to monitor
and analyse their order flow and transactions to enable detection
of actual and attempted market abuse and to fulfil Best Execution
criteria.
Jonathan Clelland, COO, Aquis Exchange, said:
"We are very pleased that AkinovA has picked Aquis Technologies
to help it launch such an innovative marketplace. This signifies
yet another milestone in the sophistication of the products and
services Aquis offers the financial industry.
"The AkinovA team brings with it extensive experience from
Insurance, Capital Markets and Technology that we believe is needed
to launch a successful electronic marketplace for the (re)insurance
industry. We are confident that with our expertise and innovations,
we will make this partnership a lasting and influential one."
Commenting on the agreement, AkinovA CEO Henri Winand, said:
"Having reviewed a number of options, we selected Aquis because
of their cutting-edge technology, desire to innovate and their
range of solutions and services. We look to work with partners who
are prepared to learn and evolve with us and Aquis are without a
doubt a forward-thinking company whose dynamism and proven success
in building a market leading matching engine make them an obvious
choice of partner."
Enquiries
Alexander Pike: +44 (0)7712 042 113 |
Alexander.Pike@AkinovA.com
Belinda Keheyan +44 (0)7768 078 110 | bkeheyan@aquis.eu
About Aquis Exchange
Aquis Exchange PLC is an exchange services group, which operates
a pan-European cash equities trading exchange (Aquis Exchange) and
develops and licenses exchange software to third parties (Aquis
Technologies).
Aquis Exchange PLC (AQX.L) is listed on the London Stock
Exchange's AIM.
Aquis Exchange is authorised and regulated by the UK Financial
Conduct Authority to operate a Multilateral Trading Facility. Aquis
MTF operates a lit order book and does not allow aggressive
non-client proprietary trading, thus toxicity and signalling risk
are lower on Aquis than other trading venues in Europe. According
to independent studies, trades on Aquis are less likely to lead to
price movement than on other lit markets. Aquis uses a subscription
pricing model which works by charging users according to the
message traffic they generate, rather than a percentage of the
value of each stock that they trade.
Aquis Technologies is the software and technology division of
Aquis Exchange PLC. It creates and licenses cost-effective matching
engine and trade surveillance technology for banks, brokers,
investment firms and exchanges.
For more information, please go to www.aquis.eu and
www.aquis.technology
About AkinovA
AkinovA is building an independent electronic marketplace for
the transfer and trading of (re)insurance risks. Founded by experts
from Insurance, Technology and Capital Markets, AkinovA is working
with the existing (re)insurance value chain to help grow the
overall market.
AkinovA is backed by an accomplished Advisory Board with a
wealth of experience in Insurance, Capital Markets and Technology.
Whilst remaining an independent marketplace, AkinovA is working
with leading insurance industry participants, including Hiscox and
MS&AD Insurance Group.
For more information, please go to: www.AkinovA.com
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END
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