July 29, 2013

Pan-European equity trading platform Aquis Exchange will offer members connectivity over the BT Radianz Cloud network and is on track for an October launch.

The sell-side exchange has listed BT Radianz its preferred cloud connectivity supplier, as it attempt so drive ease of access for future members ahead of the launch. BT Radianz lets its members trade, clear and settle transactions across the global cloud network.

This means Aquis members will be able to connect to clearing partners over the network, and provides straight through processing efficiencies.

Aquis confirmed to that client testing has begun ahead of an expected October launch date, although UK regulator the Financial Conduct Authority has yet to give its final approval.

The incoming trading platform will offer pricing on a tiered subscription basis, related to the volume of message traffic, as opposed to traditional models that price against filled trades.

Alasdair Haynes, CEO of Aquis Exchange, said linking to the BT Radianz Cloud community was an important step in broadening access to the trading venue.

“It provides us with an opportunity to gain rapid access to an unrivalled community of market participants, which is why we have selected them as our preferred cloud connectivity supplier,” he said.

“We believe in having the widest possible range of users to strengthen the ecology of our marketplace and extend the benefits of our subscriptions pricing model to all professional investors,” Haynes said.

The cloud access venture with BT Radianz is one of several service developments for the platform announced this week. Aquis has selected Datacom Systems’ TradeView tool to monitor the quality of its market data feeds in real time. This will include monitoring microbursts and detecting multicast gaps.

The platform has also announced it will use Interxion’s City of London data centre, in addition to the Equinix data centre in Slough. The London hub will provide proximity hosting and low-latency services on the venue for market participants.