European equities stock exchange Aquis Exchange has set up in Equinix Slough facility in order to make use of the data centre provider’s links as a financial hub.
Aquis Exchange, which is currently awaiting regulatory approval to open its subscription-based trading facility, chose the Equinix LD4 International Business Exchange (IBX) facility due its low latency access to 30 European markets, with 80 exchanges and trading platforms.
The Slough data centre campus houses a number of equity platforms and FX platforms, dark pools, commodities and new derivatives products, with 25 percent of European equities trades originating from the campus.
In addition Aquis Exchange, established in October 2012, will have access to the Equinix Marketplace, providing links to the data centre provider’s ecosystem of 4,000 partners which offer services inside its data centres.
Aquis Exchange CEO, Alasdair Haynes, formerly of Chi-X Europe, commented:“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, added: “We’re delighted to welcome Aquis Exchange to the London Slough ecosystem. Equinix is uniquely positioned to support rapid liquidity growth and maximise 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.”
Aquis Exchange market will join the newly established NLX trading venue, launched last week by Nasdaq OMX, which is also located in the Slogh data centre campus.
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