Archax Crypto Exchange Set to Use Aquis Technologies Surveillance and Matching Engine
Archax, the new enterprise-grade security token and crypto exchange, has chosen Aquis Technologies to be its supplier of trading technology for its launch next year in 2019. Archax will capitalize on Aquis’ comprehensive suite of crypto exchange operation tools and services. These services include the top-notch Aquis Matching Engine, Marketing Surveillance, and additional help within the post-trading environment.
In the strategic partnership between the two firms, Archax will get the exclusive access to Aquis’ crypto exchange technologies. The project will start immediately at the end of the current fundraising being held by Archax and before its STO offering is released.
The multi-year agreement includes upfront implantation costs and a future recurring license cost once the exchange is launched. The partnership goes together with Aquis’ stated strategy licensing its exchange operations technology and services to other companies.
About Aquis Exchange
Aquis Exchange is a fully licensed and regulated UK company that is listed on the country’s stock exchange and operates an MTF (multi-lateral trading facility). Most of the top banks presently deploy this MTF, liquidity providers and brokers across the world for trading stocks from multiple European markets. The reasons for the continued success of Aquis’ financial products are the fact that they can handle high volumes with minimal latency and excellent scalability.
According to Graham Rodford, Archax CEO< it was critical for the team to get a provider of cutting-edge exchange technology and with a solid history of providing all the related services and systems to other companies. Aquis was chosen for its performance benefits after a lengthy review period that comprised of multiple companies. Graham added that it helped that most participants in the market were already using aware of their MTF technology was an essential reason why Archax selected them. He said that using a licensed MTF operate for running its matching engine and market surveillance would fast-track their time to market considerably.
Many of the existing cryptocurrency trading exchanges that target the retail market do not have the appropriate interfaces, systems, and processes. Archax plans on using Aquis’ proven professional platform to enable it to provide better services with quick transactions, surveillance solutions, a matching engine and also other critical post-trade services and tools. Both the AMS and AME services will operate daily and will run from the Aquis data center, Equinix LD4.
Aquis reported that they had received numerous proposals from firms seeking to deploy their MTF solutions within the crypto sector. The Archax firm succeeded in convincing Aquis to take the dip in this crypto world as they are bringing their extensive expertise from current regulated markets, which is necessary for launching a successful enterprise-level cryptocurrency exchange.