WATERS TECHNOLOGY: SOUTH AFRICA’S A2X LICENSES AQUIS EXCHANGE SOFTWARE
A2X, a Johannesburg-based exchange venue, has licensed Aquis Exchange’s software in the first deal of its kind for the subscription-based European equities exchange.
Under the terms of the deal, London-based Aquis Exchange has agreed to supply the South African venue with a trading platform as well as clearing and surveillance systems and ancillary support services. A2X has been created to launch a competitive exchange to the Johannesburg Stock Exchange (JSE).
“This is a major development for us,” says Alasdair Haynes, Aquis Exchange CEO. “Aquis has developed market-leading exchange technology systems which has enabled us to enter the software licensing market and we are delighted that A2X has chosen to partner with Aquis. A2X has recruited a first class team of experienced market professionals and with strong financial backing and with the support of Aquis technology A2X will provide the market in South Africa with a realistic alternative to the JSE for the first time.”
Timothy Bourgaize Murray