New Aquis Exchange European Equities Platform to use Equinix’s London Slough data center campus
Highlights / Key Facts
The Equinix London Slough campus was selected by Aquis Exchange
because of its unrivalled access to over 30 European markets, 80
exchanges and trading platforms. In addition, Aquis Exchange will have
access to the
EquinixMarketplace, which allows Equinixcustomers to identify potential customers and partners from over 4,000 ecosystem participants offering a range of services inside Equinixdata centers.
- The Equinix London Slough campus already houses equity platforms, as well as numerous FX platforms, dark pools, commodities, and new derivative products. Market participants may directly connect to the Aquis Exchange platform inside the Equinix London Slough campus via a local cross connection.
connects go live within 48 hours of ordering, speeding
time-to-market and lowering barriers to entry while providing high
levels of resilience and low latency for the new members of
AquisExchange. In addition, Aquis Exchange will be in close proximity to the trading community housed inside Equinix, which allows AquisExchange and its members to connect directly to other market participants inside the Equinixfinancial ecosystem.
Today, 25 per cent of total European equities trade count originates
from the Equinix London Slough campus. Globally, over 60 per cent of
volume-driving market makers are
Equinixcustomers and over 25 per cent of these are currently based in the Equinix London Slough campus.
Alasdair Haynes, CEO, Aquis Exchange Ltd.:
“We chose Equinix because we believe LD4 is the best connected financial hub in the UK. Equinix also has a great reputation for quality service and offered us a good value proposition. We are excited to be working with Equinix.”
John Knuff, general manager, Equinix Global Financial Services:
“We’re delighted to welcome Aquis Exchange to the London Slough ecosystem. Equinix is uniquely positioned to support rapid liquidity growth and maximize opportunities for trading participants across crowded financial markets. Nimble exchanges, such as Aquis, are reacting to the demands of the trading community by driving down access and infrastructure costs when they deploy inside strategic hubs where a rich community of market participants already exists.”
About Aquis Exchange
*Aquis Exchange, which has applied for regulatory approval as a
multilateral trading facility from the UK FCA, was established in
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).
Currently, over 90% of European equity trading in each individual
country takes place on two exchanges. The aim of Aquis Exchange is to
bring fresh competition into the marketplace in order to lower the
trading costs maintained by the existing duopoly. The Company is led by
former Chi-X Europe chief executive
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors that
might cause such differences include, but are not limited to, the
challenges of acquiring, operating and constructing IBX centers and
developing, deploying and delivering
International Business Exchange is a trademark of
Equinix Media Contacts
Melissa Neumann, +1 650-598-6098
GolinHarris for Equinix, Inc.
Liam Rose, +1 415-318-4380
Text 100 for Equinix (EMEA)
Rowland Harding, +44 (0)20 8846 0718
Aquis Media Contact
Belinda Keheyan, +44 (0) 20 3440 7747