SIX has appointed its subsidiary Aquis Technologies as technology provider for its trading platforms, following a multi-stage selection process.
SIX completed its acquisition of Aquis in July, with a £224.6 million deal.
In its interim report, SIX stated, “The primary reason for the business combination is to create a pan-European exchange innovator across the primary exchange and multilateral trading facility businesses, with access to 16 capital markets across Europe.”
READ MORE: SIX to acquire Aquis
On the new commercial agreement, an Aquis spokesperson told Global Trading, “The selection process was conducted wholly independently to the acquisition on a competitive basis and was initiated well in advance of SIX’s approach to Aquis.”
Aquis’ Equinox matching engine will now be used across all SIX Group exchanges, which it says will allow users to access more liquidity. A new platform for equity and equity-like products is expected to go live in 2027. Other asset classes will follow.
“As exchange innovators, SIX and Aquis will continue to build on this successful basis by further expanding its technology business in the coming years,” SIX said.
SIX does not break down its IT costs, but according to its interim report the group spent £23.2 million on property, plant and equipment additions, including IT hardware and technology installations, in the first six months of 2025. This marked a 15% increase year-on-year.
A further £29.4 was spent on transformative costs, a portion of which included IT infrastructure.
