Aquis Exchange PLC (LON:AQX) announced today that it has been awarded the contract to provide the Central Bank of Colombia with the technology and support services to operate its government bond market (Electronic Trading System – SEN).
Aquis Technologies – the Group’s software and technology division – will develop its state-of-the-art trading platform and services to facilitate the modernization of the Colombian government bond market, with improvements in efficiency, transparency and accessibility. The contract is one of two new orders secured by Aquis Technologies in 2023, which is reported in the Group’s January 2024 transaction update and is due to become operational from 2026.
Aquis Technologies will provide Banco de la República with its market-leading low-latency matching engine along with its comprehensive market surveillance solution. Aquis Technologies will also provide the trading front-end user interface for participants to interact with the market.
Adrian Ip, Chief Strategy Officer at Aquis Exchange PLC, said:
“We are honored to have been selected by the Central Bank of Colombia to contribute to the development of its government bond market. This is a testament to the hard work and innovation that the Aquis team brings to the table.
“The selection of Aquis Technologies demonstrates its expertise and commitment to strengthening financial markets through innovative solutions and its proven track record of delivering high-performance trading solutions.
“We look forward to working closely with Banco de la República to deliver a market-leading solution that will benefit the Colombian economy and its participants, while strengthening Aquis’ offering in the fixed income space.”
Her Majesty’s Ambassador to Colombia, George Hodgson added:
“Congratulations to Aquis Technologies and Banco de la República on this important new relationship. The UK’s ecosystem, innovation and capital markets are world-leading and it is great to see this experience and expertise at work in Colombia, fostering a more dynamic, resilient and productive government bond market.”