Aquis Hires Magnus Almqvist To Head Up Technology Sales
Aquis Exchange, the pan-European equities exchange and software developer *, has named Magnus Almqvist to the newly-created role of Head of Technology Sales.
Aquis Technologies creates and licenses cost-effective matching engine and market surveillance technology for banks, brokers, investment firms and exchanges. Magnus’ role will be to promote Aquis’ products and services across the world. In Europe there is particular demand for compliance and surveillance systems as existing MAR, and in-coming MiFID II, regulations mandate that trading firms of all types must have systems in place to monitor and analyse their transactions in order to detect market abuse and fulfil Best Execution criteria. Aquis Exchange, which is regulated by the UK’s FCA, uses its own proprietary technology for its trading platform.
Magnus, who joins Aquis on 14th November, was previously at FIS (SunGard), where he was a senior business development manager for the last four years. Prior to that, Magnus worked at Smarts Group (part of NASDAQ OMX), AtosEuronext and EDX (a unit of the London Stock Exchange Group). Swedish- born Magnus holds a masters’ degree in electrical engineering from Stockholm’s Royal Institute of Technology.
Commenting on the appointment, Graham Dick, Head of Sales and Business Development at Aquis Exchange, said:
“We are very pleased Magnus is coming on board. He has a wealth of experience in the surveillance and compliance segment of the financial technology industry and that is where we see huge opportunities in Europe in the next few years. Furthermore, we expect demand for our cost-effective, multi asset-class matching engines to grow globally.”