Aquis launches 24/7 matching engine as part of its Exchange-as-a-Service strategy

Rick Steves

“With the ability to run an exchange system without the need for shut-down, our ambition to offer “exchanges as a service” has now become a reality.”

Aquis Technologies has launched a regulated market-grade 24×7 matching engine that never requires shutdown or downtime.

Going by the name of Aquis Equinox, the 24/7 matching engine combines this uninterrupted availability with the highest regulatory standards, alongside extreme fault tolerance and proprietary engineering, according to the announcement put forth by the tech division of Aquis Exchange Plc.

Prior to the launch of a 24/7 matching engine, Aquis has been recognized as an industry leader for its low-latency Aquis Matching Engine as well as for its full cloud-based exchange deployments since developing a cloud-native financial exchange alongside SGX and AWS in 2020.

Aquis Equinox available on the cloud, hybrid, or on-premise

Traditionally, exchanges require downtime at set periods to ensure required actions such as sequence number resets, maintenance, and software upgrades are implemented.

Aquis Equinox, on the other hand, guarantees continuous operation, with no need for shutdown for software upgrades, infrastructure changes, capacity increases, reference data management, or member onboarding.

The firm explained that the system can handle any kind of errors gracefully and automatically switch to a backup service (known as automated failover) in real-time. This also means that instances, where distributed computer systems are unable to identify the primary system components without human intervention (known as split-brain distributed computing issues), do not occur.

Aquis Equinox runs through a shared ecosystem capable of hosting multiple exchanges under a single matching engine to deliver commercial efficiencies to both existing and start-up exchanges, and substantially reduces the costs of in-house development and staffing.

Cloud-native deployment can eliminate costs associated with traditional data centers, decrease disaster recovery environment size, reduce environment duplication, carbon emissions, and energy consumption, and improve speed to market.

After rigorous testing, Aquis Equinox is now available as a cloud-native, hybrid, or on-premise solution for customers.

Economies of scale to be shared across exchange platforms

Adrian Ip, Managing Director at Aquis Technologies, said: “With the ability to run an exchange system without the need for shut-down, our ambition to offer “exchanges as a service” has now become a reality. In the past, exchange technology providers have always been limited by the fact that different exchanges have different time zones and therefore varying hours of operation. What was traditionally a once-per-day shutdown to maintain the exchange now becomes redundant through Aquis Equinox.

“Moreover, through a shared ecosystem in which downtime is not a requirement, Aquis’ matching engine enables the economies of scale to be shared across exchange platforms, delivering significant benefits to customers. For too long, the traditional exchange technology provision industry has exported its entire business model to the world. Expensive software licenses, data centres, people and energy consumption. Stopping other industries which could benefit from regulated market grade technology. Aquis Equinox unlocks the potential of the next generation of capital markets for the world.”

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