QuantHouse partners with Eventus Systems to provide high quality global market data for trade surveillance and market risk
QuantFEED to support Validus, Eventus’ trade surveillance and risk platform
London, 10 June 2019:: QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, today announced that QuantHouse’s QuantFEED has been selected by Eventus Systems to provide high quality market data for its trade surveillance platform Validus.
Validus gives clients a broad view of risk across their trading operations, with a focus on trade surveillance, risk and position monitoring, reconciliation and operational controls. The Validus platform has two standard implementations: on-premise enterprise and a cloud solution using Amazon AWS. Either implementation can be run in real-time or T+1. QuantFEED provides the T+1 solution with consistent, accurate tick data, a requirement for effective trade surveillance and risk management.
In addition to leveraging QuantFEED, Eventus Systems has also joined the qh API Ecosystem. QuantHouse clients will now be able to take advantage of the Validus platform, which monitors for all types of trade surveillance including market manipulation and has more than 250 surveillance procedures that can be amended per client requirements. These procedures enable the tracking of specific types of manipulation such as spoofing, layering, wash trading and collusion. It has been developed to meet regulatory obligations for both buy- and sell-side institutions in the US and APAC as well as in EMEA to provide MiFID II and MAR compliance. The consistency of QuantHouse data and timestamping ensures Validus’ calculations are based on an accurate reflection of market activity, while the quality of data normalization across QuantFEED products allows Eventus to quickly and easily onboard new markets without maintaining individual feeds in disparate formats.
Salloum Abousaleh, Managing Director, Americas, QuantHouse, said, “Adding Eventus Systems to our API Ecosystem means we are able to help market participants both in the Americas and worldwide access the capabilities of the Validus platform currently used by top tier financial firms. QuantFEED provides more than 150 data feeds via a single API, which makes our solution straightforward and easy to implement. This fits in seamlessly with Eventus Systems’ model, which provides a powerful, flexible, cloud-based solution for clients.”
Travis Schwab, CEO, Eventus, said, “Validus was designed from the ground up to incorporate all relevant data types and sources needed to deliver a holistic and comprehensive view of a firm’s trade surveillance and market risk. All of these systems rely on first-class, granular data, which is why we chose QuantHouse as one of our core data providers. QuantHouse’s API Ecosystem will also enable us to expand into new markets and offer our solutions to a wider global base of users.”
QuantHouse provides end-to-end systematic trading solutions. This includes ultra-low latency and consolidated market data solutions with QuantFEED, algo-trading development framework with QuantFACTORY and managed trading infrastructure 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-based community of buy- and sell-side participants, exchanges, prime brokers, trading venues, hedge funds, market makers and other financial services partners and vendors.
About Eventus Systems
Eventus Systems, Inc. offers one of the leading global trade surveillance and market risk platforms. Available as a cloud-based or real-time enterprise on-premise solution, the Validus platform provides sophisticated market surveillance and financial risk capabilities, enabling clients to solve some of the most pressing regulatory challenges. Validus combines multiple technology stacks including artificial intelligence (AI) to generate the most actionable alerts across equities, equity options, futures, foreign exchange (FX), fixed income and cryptocurrencies. Clients include Tier 1 banks, brokerages and futures commission merchants (FCMs), proprietary trading firms, exchanges, corporates and buy-side firms. Headquartered in Austin and serving clients globally, Eventus was one of just 27 U.S. companies named to the global RegTech 100 List for 2019, recognizing the pioneering companies transforming compliance, risk management and cybersecurity. Visit www.eventussystems.com.