Aquis Exchange, the proposed pan-European equities trading exchange*, has added AlgoSpan Ltd's AlgoNet network as an extranet supplier.
AlgoNet's infrastructure services are designed to increase the speed of market data delivery and reduce order execution latency.
Aquis Exchange has been created to operate a pan-European equities trading exchange and develop exchange software. It is set to revolutionize the European trading landscape by its introduction of subscription pricing and innovative order types. The aim of Aquis Exchange is to bring fresh competition into the marketplace in order to lower trading costs.
AlgoSpan is a network carrier providing low latency connectivity solutions to the global financial community. Our network capabilities create real-time competitive advantage, reducing execution times to all major trading venues and market data feeds across Europe and the United States.
Commenting on the agreement, Aquis Exchange CEO Alasdair Haynes said: "We believe in providing our Members with as many connectivity options as possible and being able to offer them AlgoNet's low latency infrastructure is particularly useful for those Members for whom speed of execution is very important. We are very pleased to be working with AlgoSpan."
Robert Bicket, CEO of AlgoSpan, added: "With a focus on distance-related network latency, AlgoNet applies our 'shortest path' philosophy to target delays between trading venues and the customer's trading systems. We deliver unrivalled latency delivering a bespoke trading infrastructure solution to meet specific needs."