Aquis Technologies, a division of Aquis Exchange PLC, has revealed the launch of Aquis Equinox. According to the official announcement, the new tool is a first-of-its-kind regulated market-grade 24×7 matching engine that does not require shutdown or downtime.
Aquis Equinox allows for continuous operation of exchanges during maintenance and software upgrades, capacity increases, infrastructure changes, member onboarding or reference data management.
The official press release highlighted that the system can smoothly handle diverse errors and automatically switch to a backup service in real-time, known as automated failover. Furthermore, the risk of split-brain distributed computing issues, which require human intervention to identify primary system components, is eliminated.
Adrian Ip, Managing Director, Aquis Technologies, said:
With the ability to run an exchange system without the need for shut-down, our ambition to offer “exchanges as a service” has now become a reality.
In the past, exchange technology providers have always been limited by the fact that different exchanges have different time zones and therefore varying hours of operation. What was traditionally a once per day shutdown to maintain the exchange now becomes redundant through Aquis Equinox.
He added:
Moreover, through a shared ecosystem in which downtime is not a requirement, Aquis’ matching engine enables the economies of scale to be shared across exchange platforms, delivering significant benefits to customers.
Aquis Equinox functions via a collaborative ecosystem capable of supporting multiple exchanges utilizing a single matching engine. This arrangement provides economic benefits for both established and emerging exchanges, by considerably reducing staffing and in-house development expenses. The cloud-native deployment of the system can also minimize expenses associated with conventional data centers, lower redundancy, and expedite time to market.
