AIX taps AWS for hosting the Nasdaq Matching Engine powering its exchange
Astana International Exchange (“AIX”, “Exchange”) today announced that it has successfully gone live with Nasdaq’s matching engine deployed in Amazon Web Services’ (AWS) cloud. This transition enables AIX to enhance the performance of its trading services while delivering agility and scalability to its investor community. The technology upgrade provides AIX with standardized and unified operations, messaging and data infrastructure, which gives AIX flexibility to launch new products and services faster and more cost-efficiently for its securities market.
Tim Bennett, CEO of AIX, said:
“AIX continues to be at the forefront of adopting new innovations and technologies to better serve its customers and strengthen the capital markets infrastructure of the region. By moving the Nasdaq matching engine to the AWS Cloud, AIX continues to upgrade its marketplace to comply with the international standards. All components of the AIX trading, surveillance, market data and post-trade services are now running on the AWS Cloud, thereby setting a new industry benchmark for others to follow.”
Paul McKeown, Senior Vice President and Head of Marketplace Infrastructure
Operators & New Markets of Nasdaq Market Technology, said:
“We congratulate AIX on successfully launching and transitioning their exchange to the cloud. By leveraging Nasdaq’s robust and resilient matching technology AIX can continue to grow and scale their marketplace. We look forward to supporting AIX in their endeavor to advance its marketplace.”
Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
The Astana International Financial Centra was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” www.aifc.kz