Aquis Exchange selects big xyt’s Liquidity Cockpit
Pan-European cash equities trading venue Aquis Exchange has selected big xyt’s Liquidity Cockpit solution to support its market analytics.
The platform, which captures and collates trade data to provide market overviews for clients, will be delivered to Aquis via a custom application programming interface (API).
The exchange will also be able to add its own proprietary data layer, including trade and order history.
Jonathan Clelland, COO of Aquis Exchange, says that big xyt understood his firm’s requirements and offered “proactive support” which was a key decision maker in the system selection process.
The UK-based equities venue reported stronger than expected annual revenue growth earlier this year, showing a 73% increase to £6.9 million.
Higher subscription fees, increased trading levels, growth in new members and an uptick in fees from the firm’s data operations all contributed to the windfall.
Mark Montgomery, head of strategy for big xyt, says that the deal with Aquis shows “continued evidence of the market’s need for pioneering technology solutions.”
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