Under the terms of the deal, Aquis Exchange has agreed to supply the South African exchange A2X with a trading platform as well as clearing and surveillance systems and ancillary support services. Johannesburg-based A2X has been created to launch a competitive exchange to the Johannesburg Stock Exchange (JSE).

Commenting on the announcement, Alasdair Haynes, CEO of Aquis Exchange, said:  “This is a major development for us. Aquis has developed market leading exchange technology systems which has enabled us to enter the software licensing market and we are delighted that A2X has chosen to partner with Aquis. A2X has recruited a first class team of experienced market professionals and with strong financial backing and with the support of Aquis technology A2X will provide the market in South Africa with a realistic alternative to the JSE for the first time.”

“A2X is excited to have been able to partner with a company of Aquis’ pedigree. Aquis brings extensive exchange experience, innovative thinking, world leading exchange technology and importantly, shares our entrepreneurial culture and approach. We look forward to a long and rewarding relationship with Aquis as we introduce choice and a fresh approach to the SA market place.” said Kevin Brady, CEO of A2X.