Aquis Exchange PLC (AIM:AQX) has been awarded a contract by the Central Bank of Colombia, Banco de la República, to revamp its government bond market, Sistema Electrónico de Negociación (SEN).
The contract involves Aquis Technologies, the software and technology division of Aquis Exchange, implementing its advanced trading platform and services to support the operation of SEN.
Slated to go live in 2026, this project is part of two new mandates Aquis Technologies secured in 2023, as mentioned in the group's trading update in January.
Under the agreement, it will deliver its market-leading low-latency matching engine and an integrated market surveillance solution to Banco de la República.
Additionally, the contract includes providing a front-end trading user interface that will allow market participants to seamlessly interact with the government bond market. No financial details were given.
"The choice of Aquis Technologies demonstrates its expertise and commitment to enhancing financial markets through innovative solutions, and its proven track record in delivering high-performance trading solutions," said Adrian Ip, the company's chief strategy officer.
"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 also strengthening Aquis' offering in the fixed income space."