QuantHouse and EliData partner to offer market data and execution capabilities to financial institutions across Europe
145 exchange data feeds integrated into EliData’s Smart Order Router delivering arbitrage and best execution capabilities
London 21 July 2020: QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products and part of Iress (IRE.ASX), today announced that EliData has partnered with QuantHouse to integrate QuantFEED market data into the EliData Smart Order Router (SOR).
EliData is an Italian software house that develops trading and order routing applications for the financial markets, as well as solutions for data exchange between front office and back office systems. The partnership has already seen the EliData SOR using QuantHouse market data be deployed by a tier one financial institution in Spain.
QuantFEED normalises and disseminates market data from more than 145 Exchange data feeds and delivers them to the EliData SOR using a single API. By integrating to the QuantHouse API, EliData and their end customers benefit from unmatched levels of performance and high quality data normalisation with single API connectivity, allowing customers to take advantage of emerging market data feeds as QuantHouse on-boards them.
Gilles Antoine, Business Development Director EMEA, QuantHouse, said, “We are delighted to see a major financial institution in Spain benefit immediately from the EliData-QuantHouse tie up. We consider Spain and Italy key markets and adding EliData as a local partner in Spain, Italy and wider across into Europe helps bring more choice of order execution to traders in the region.”
Marco Connizzoli, CEO, EliData, added, “In an increasingly fragmented world, financial institutions need access to a wide range of venues and asset classes to execute their orders, and QuantHouse expands our reach beyond our existing set of venues and systematic internalisers. Our SOR was originally developed with MiFID I in mind and over time has been enriched to be MIFID II compliant, ensuring that our customers can meet their best execution requirements. We look forward to seeing more clients benefit from our collaboration with QuantHouse.”
QuantHouse provides end-to-end systematic trading solutions. This includes ultra low latency market data technologies with QuantFEED, algo-trading development framework with QuantFACTORY and proximity hosting and order routing services with QuantLINK. We help hedge funds, market makers, investment banks, brokers and trading venues achieve optimal trading performance, develop and integrate new trading strategies, comply with regulatory requirements, test existing and new trading infrastructure tools and rationalize operating costs.
The “QuantHouse API Ecosystem” is a unique global initiative with the objective to provide the framework within which capital markets participants can quickly and easily gain access to multiple trading venues, technologies or applications through standard APIs. The QuantHouse API Ecosystem has developed over time to what is now the largest API ecosystem community of buy- and sell-side participants, exchanges, prime brokers, trading venues, hedge funds, market makers and other financial services partners and vendors.
QuantHouse is part of Iress (IRE.ASX), a technology company providing software to the financial services industry. Iress’ software is used by more than 9,000 businesses and 500,000 users globally. More information is available on www.iress.com.
EliData is the italian software house specialized in the development of trading and order routing applications for the financial markets and solutions for data exchange between Front Office and Back Office Systems and acts as qualified partner for your projects. We design and develop technologically advanced solutions:
EliData is a company part of Cedacri S.p.a, the most important Italian company specialized in outsourcing services for the banking sector. With a staff of over 800 people Cedacri has over 100 customers, including banks, financial institutions, industrial companies and utility companies. More information available at www.cedacri.it