AQUIS EXCHANGE ANNOUNCES DEALS WITH ITIVITI
Aquis to install VeriFIX Enterprise; Itiviti to connect to Aquis Exchange
LONDON – 26 September 2018 – Aquis Exchange PLC (AQX.L), the exchange services group, which operates the pan-European cash equities trading MTF, Aquis Exchange, and develops and licenses exchange software to third parties, today announces that it has entered into an agreement with Itiviti, the trading technology company, on two projects.
The first project will see Aquis Exchange install VeriFIX Enterprise, Itiviti’s automated regression testing technology tool, which was launched in May 2018. The use of VeriFIX Enterprise will allow Aquis to speed up its internal regression testing, streamlining the development and quality assurance process and giving the Company a better time to market (TTM) on new functionalities that are brought to the exchange.
As part of the second project, Itiviti is to build a connection to the Aquis MTF, enabling Itiviti’s execution/order management system clients to access flow on the Aquis Exchange platform. Due to Itiviti’s strong presence globally, including Scandinavia, this project will provide Aquis with increased market access.
Alasdair Haynes, CEO of Aquis Exchange, said:
“We are very excited to be working with Itiviti on these two projects. This move will enable Itiviti’s clients, especially those in Scandinavia, to access Aquis Exchange’s low-toxicity, high-quality flow in a simple and cost-efficient way. We also believe that the addition of VeriFIX Enterprise to our technology development process will improve the end-to-end testing capabilities of our platform, thereby improving productivity and helping us to better service our internal and third-party clients.”
Lee Griggs, President EMEA of Itiviti, added:
“We’re pleased to announce our partnership with Aquis Exchange, both as the latest customer of our VeriFIX Enterprise solution and also as a new execution destination for the benefit of our trading customers.”
*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.
Belinda Keheyan +44 07768078110 email@example.com
Itiviti is a market-leading global provider of multi-asset trading technology and financial infrastructure solutions for buy-side and sell-side market participants, including NYFIX, one of the industry’s largest FIX-based trading communities.
Serving around 2,000 clients worldwide, we provide consistent, reliable access to the most up-to-date and innovative order routing, connectivity and trading solutions available. Top-tier trading firms, banks, brokers, exchanges and institutional investors rely on our technology, solutions and expertise to streamline their daily operations, connect to their desired markets, and trade when and where they want. All while being able to comply with global regulation.
With global offices in 18 locations covering all major financial centers the merger of Itiviti and ULLINK in March 2018 created a full-service technology and infrastructure provider, covering all asset classes, geographies and regulatory landscapes.
Itiviti is owned by Nordic Capital.
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