Alasdair Haynes, CEO, Aquis Exchange
"We believe in having the widest possible range of users to strengthen the ecology of our marketplace and extend the benefits of our subscription pricing model to all professional investors."
London - Aquis Exchange, the proposed pan-European stock exchange, has announced a new agreement with BT that will enable Members to access its trading platform via the BT Radianz Cloud.
Under the new agreement, BT will be Aquis Exchange's preferred cloud connectivity supplier. The Exchange's services will now be accessible to the members of the BT Radianz Cloud community and Aquis Exchange Members can use the BT Radianz infrastructure to connect with Aquis Exchange's clearing partners using one access point.
Commenting on the agreement, Alasdair Haynes, CEO of Aquis Exchange said: "The opening of our doors to the BT Radianz Cloud community to access Aquis Exchange is important for us. 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. We believe in having the widest possible range of users to strengthen the ecology of our marketplace and extend the benefits of our subscription pricing model to all professional investors."
Robin Farnan, Managing Director, Financial Technology Services, BT, said: "We are delighted to have been selected as Aquis Exchange's preferred cloud connectivity provider. Aquis Exchange now joins over 100 trading venues that are already part of the BT Radianz Cloud community and benefits from reduced time-to-market and cost of technology infrastructure. The availability of Aquis Exchange to the BT Radianz Cloud community is a great example of how technology can accelerate innovation and efficiencies in the financial sector.
"Aquis Exchange's subscription pricing works on a similar model to that of the telecoms industry and is designed to encourage participation from all categories of professional trading firm. Users will be charged according to the message traffic they generate, rather than a percentage of the value of each stock that they trade. There will be different pricing bands to accommodate varying degrees of usage. There will be a very low usage band for small firms, that are traditionally disadvantaged by the pricing structure of the incumbent exchanges and, at the other end of the pricing structure, will be the top category where usage is unlimited (subject to a fair usage policy).