Aquis Exchange PLC Technology Licensing Agreement (9062Z)

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RNS Number : 9062Z

Aquis Exchange PLC

06 September 2018

Aquis Exchange PLC

("Aquis" or the "Company")

Technology Licensing Agreement

Aquis partners with Archax on institutional crypto exchange

Aquis is pleased to announce that Aquis Technologies, the financial and regulatory technology services arm of the Company, has entered into an agreement with Archax, the institutional-grade crypto and security token exchange, to supply it with trading technology when its exchange launches in the first half of 2019.

Archax is a forthcoming institutional-grade crypto exchange, built for institutions and run in a regulated manner. Founded by experts from the financial markets and backed by an accomplished advisory board, Archax offers a credible bridge between the new Blockchain-centric crypto community and the traditional investment space.

Archax will license Aquis' complete suite of exchange operations services and tools, including its high speed and high capacity Aquis Matching Engine (AME), its state-of-the-art Aquis Market Surveillance System (AMS), as well as operations systems and assistance in the post trade environment. Archax will initially have exclusive use of the Company's technology in the digital asset space.

The three year agreement comprises an upfront implementation fee and a recurring licence fee when the exchange launches, subject to its funding round planned for later this year. The agreement is in line with the Company's stated strategy to license its technology to third parties.

Commenting on the agreement, Archax CEO, Graham Rodford, said: "It was vital for us to work with an existing provider of cutting-edge, traditional exchange technology with a strong record of delivering products, systems and services to third parties. Having reviewed a large number of options, it was clear that Aquis was a perfect fit for us and the winner in terms of performance. The fact that so many market participants are already familiar with their technology was a key factor in us selecting them. We believe that using a regulated MTF operator to run our core matching engine, as well as leveraging Aquis' market surveillance team, will also fast track our time to market."

David Lester, former Chief Strategy Officer of the London Stock Exchange Group and Advisor and Non-Executive Director at Archax, added: "For an institutional exchange to be successful, the choice of technology is key. I am delighted that Archax is choosing to partner with Aquis, a proven operator of technology for existing regulated, high-performance markets. I look forward to the rollout and the introduction of Archax services to the marketplace."

Alasdair Haynes, CEO of Aquis, said: "We have been approached by many firms wanting to use our technology in the crypto space. The Archax team, however, bring the extensive experience from traditional regulated markets that we believe is needed to launch a successful crypto exchange for institutional use and we and very pleased to be working with them."

ENQUIRIES

Aquis Exchange PLC

Alasdair Haynes, CEO

Jonathan Clelland, CFO and COO

Tel: [phone]

Liberum Capital Limited (Nominated Adviser and Broker)

Clayton Bush

Chris Clarke

Kane Collings

Tel: [phone]

Finsbury (Financial Public Relations)

Alastair Hetherington

Michael Turner

Alexander Gorokhov

Tel: [phone]

Website:

http://www.aquis.eu

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September 06, 2018 02:00 ET (06:00 GMT)