Aquis Exchange has made a series of management changes as the firm adapts its structure to the post-Brexit environment.
Acquis Exchange has appointed David Stevens in the newly-created role of Chief Revenue Officer, based in London. He will oversee the sales and client servicing activities across all geographies and across a number of Aquis’ revenue streams – Aquis Exchange, Aquis Stock Exchange and data.
Stevens joined Acquis from foreign exchange broker Global Reach Group, where he was Chief Executive Officer. Prior to that, he played a number of senior positions at Investment Technology Group, JP Morgan, and Goldman Sachs.
The exchange services company also announced that its Head of Sales and CEO of Aquis Exchange Europe, is retiring. Graham Dick will remain as a consultant to the Company.
Jonathan Clelland, the Company’s Chief Financial Officer and Chief Operating Officer will take on the additional role of Chief Executive Officer of Aquis Exchange Europe, based in Paris.
Richard Fisher joined Aquis as Director of Finance earlier this year, based in London. He joined Acquis from Redwood Bank, where he was Director of Finance. Prior to that, he player a number of roles including Chief Accountant at RBS Group.
Alasdair Haynes, Chief Executive Officer of Aquis, commented: “As Aquis continues to grow and we adapt to the post-Brexit landscape, we have decided to further strengthen both the team overall and, in particular, to increase our presence in Paris by basing the Company CFO/COO in France rather than the UK.
“I want to thank Graham for his huge contribution to Aquis over the last 7 years and I am very grateful that he has agreed to stay on as a consultant to the Company. His knowledge of markets is vast and, I believe, he has still much to give our community.
“Lastly, I want to welcome Richard and David onboard. I have worked with David in the past and I know he will be a great asset to the management team as Aquis continues to expand. I believe we now have the right group of people in place to drive the business to the next level.”
In late 2020, the software development and licensing arm of Aquis Exchange completed a project in collaboration with Singapore Exchange (SGX) and Amazon Web Services (AWS) to validate that complex exchange architecture and operations can work as efficiently in the cloud as in physical data centers.
While most major financial exchanges operate using physical data centers, the infrastructure required to run a trading environment is massive, costly and the required networking to connect to market participants is complex.
If trading firms could leverage all the benefits of running a cloud-based solution, the cost optimization, scalability and resiliency would make it very attractive.
Working alongside SGX, Asia’s leading multi-asset exchange, and the AWS Transit Gateway team, Aquis was successful in developing a proof of concept to show running matching and messaging in the cloud is indeed a viable option.
The project produced a cloud-native financial exchange that had very low latency with minimal jitter (i.e. level of consistency) while using multicasting (technology used to transmit data to a group of destinations simultaneously) in a manner consistent with a highly liquid and regulated environment.