Aquis Plans Tech Transformation at NEX Exchange
License to list allows Aquis to challenge established players like LSE as it makes plans to introduce a “hybrid model” for trading.
Aquis Exchange plans to shift newly acquired NEX Exchange onto its own technology.
“We will not be taking their technology,” says Aquis Exchange CEO Alasdair Haynes. “We will be implementing our own technology solution. This is why we can quite dramatically reduce the costs immediately.”
London-based Aquis announced on July 5 that it had purchased NEX Exchange from CME Group for a £1 consideration, plus £2.7 million ($3.36 million) based on NEX Exchange’s current working capital levels. The
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