RATE Group | Former City trading rivals sign cryptocurrency tech pact
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Former City trading rivals sign cryptocurrency tech pact

06 Sep Former City trading rivals sign cryptocurrency tech pact

Posted at 08:07h in Cryptocurrency News by

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Aquis Exchange, a challenger to the City’s largest trading venues, has scored a win for its growing technology business with a mandate to power one of a new breed of cryptocurrency markets.

Aquis, founded by trading veteran Alasdair Haynes, will provide the technology to allow buyers and sellers of cryptocurrencies and tokens to be matched on Archax, an exchange that plans to go live in the first half of 2019, the companies said in a statement on Thursday.

Archax pitches itself as a digital-asset exchange for institutional investors. It was founded by hedge fund managers formerly at Omni Partners and counts David Lester, ex-strategy chief for the London Stock Exchange, as a senior adviser.

Haynes and Lester used to be rivals. Haynes led trading venue Chi-X Europe [now part of Cboe Global Markets] from late 2009 until 2012, while Lester chaired the LSE’s Turquoise platform, a competitior to Aquis, until his departure last year.

But the agreement is the latest sign of how…

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