Aquis Exchange (AQX ) announced the launch of Aquis Equinox, a 24/7 matching engine which does not require shut down or downtime.
Aquis Equinox combines uninterrupted availability with proprietary fault tolerance, ensuring the system can run continuously 24/7 without having to stop for maintenance, can handle errors smoothly, and automatically switch to a backup failover in real time. This also means that instances where the system cannot identify its primary components without human intervention - known as split-brain distributed computing issues - do not occur.
The service is run through a shared ecosystem capable of hosting multiple exchanges under a single matching engine, delivering higher efficiencies for exchanges and reducing in-house development costs. Cloud-native deployment means elimination of many costs associated with traditional data centres.
The product was developed in-house by the Aquis Technologies team and has been enabled by significant investment into its technology stack. Aquis Equinox is available as a cloud-native, hybrid, or on-premise solution.
Adrian Ip, Managing Director, Aquis Technologies, commented: "For too long, the traditional exchange technology provision industry has exported its entire business model to the world. Expensive software licenses, data centres, people and energy consumption. Stopping other industries which could benefit from regulated market grade technology. Aquis Equinox unlocks the potential of the next generation of capital markets for the world."
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Impressively, Aquis has launched the world's first regulated market-grade 24/7 matching engine which does not require any downtime. In traditional exchange models, downtime at set periods is required to ensure actions such as sequence number resets, maintenance, and software upgrades. Also, due to existing in different time zones, exchange technology providers have had to contend with varying hours of operation.
Aquis' cloud-native 24/7 solution essentially constitutes a new "exchange as a service". This enables economies of scale to be shared across exchange platforms, delivering significant benefits to customers.
Last week, Aquis reported another year of growth, which saw it deliver a 41% increase in profit to £4.7m. The company saw notable increases in technology licensing revenue, while its stock exchange, AQSE, generated a profit ahead of schedule.
Helped by fintech innovations such as Equinox and AMP, Aquis recorded 22 new IPOs on the Aquis exchange - the most of any growth exchange in the UK. The number of trading members also grew from 38 to 41, leading Aquis Markets' revenue to rise 15% to £12.4m.
Aquis has a further pipeline of 50-60 companies looking to IPO, suggesting that growth will continue at pace in 2023. So far in FY23, the group is trading in line with market expectations, and is well capitalised with £14.2 in cash and no debt.
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