Aquis Exchange and the Singapore Exchange (SGX) have partnered with Amazon Web Services (AWS) to prove that trading can be fully deployed on the cloud for cost optimisation and scalability.
The trio confirmed that they had been successful in developing the proof of concept, which showed that running matching and messaging in the cloud is a viable option.
Complex exchange architecture and operations worked as efficiently in the cloud as in physical data centres, the project proved. It produced a cloud-native exchange that had low latency and minimal ‘jitter’ in consistency while using multicasting technology, which is used to transmit data to a group of destinations simultaneously.
“The cloud-enabled marketplace we created has easy-to-manage infrastructure that is scalable and highly performant and would reduce the reliance on a data centre footprint and corresponding infrastructure and network overheads,” said Adrian Ip, director of Aquis Technologies. “This opens up a range of new possibilities for Aquis and for the whole exchange sector.”
Market participants have been making moves to transition trading activity to the cloud with AWS in recent months. Most recently in October, Trading technology provider Itiviti confirmed it would be transferring its entire platform to the cloud using a hybrid private-public strategy with AWS.
“We are excited by the results of the Aquis proof of concept with SGX, which defines a path to free customers from maintaining legacy on-premises infrastructure and implementing complex workarounds to run multicast workloads in the cloud,” said Mayumi Hiramatsu, vice president of EC2 networking at AWS.
“With native support for multicast, AWS Transit Gateway makes it easy for Aquis to deploy trading applications that require multicast messaging while having the ability to monitor, manage, and scale multicast configurations for hundreds of receivers.”