Goldman Sachs selects QuantHouse to accelerate market data distribution from its SIGMA X MTF European platform
Providing on-demand access via the qh Ecosystem store
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 Goldman Sachs’ SIGMA X MTF market data will be readily accessible from within the QuantHouse API Ecosystem store.
SIGMA X MTF is a multilateral trading facility operated by Goldman Sachs (GS), offering deep and diverse liquidity on the basis of non-discretionary crossing with flow from external participants and the Goldman Sachs franchise. A recent analysis performed by GS of SIGMA X MTF auction activity identified that there is often a surplus of unexecuted liquidity in most periodic auctions. SIGMA X MTF’s own Periodic Auction Book, the second largest periodic auction book in Europe by volume traded, publishes indicative auction quotes. This market data is now available via the Quanthouse API and can be used to identify auctions, unveiling potential untapped, addressable liquidity.
Available as part of QuantFEED which normalises and disseminates market data for more than 150 feeds globally, SIGMA X MTF market data increases the scope of venues and data available to QuantHouse’s community. The qh API Ecosystem store connects over 300+ buy-side firms and investment banks to solutions provided by other buy and sell-side firms, execution venues and technology partners. Connection to the Ecosystem is managed by QuantHouse via a single API, making access to these services quick, efficient and cost-effective.
“QuantHouse is constantly monitoring the market for new API-based providers to improve and enrich the scope of the offering within our qh API Ecosystem store,” says Stephane Leroy, Chief Revenue Officer and business co-Founder, QuantHouse, “Our store acts more and more as a “Netflix kind of” portal for the API user community to source advance solutions. We are happy to now offer Goldman Sachs’ SIGMA X MTF market data to our client base across the globe.”
Paul Brennan, Chief Operating Officer SIGMA X MTF at Goldman Sachs, comments, “SIGMA X MTF continues to meet the needs of our clients as transparency develops in the equities landscape post-MiFID II. We are pleased to work with QuantHouse to offer broad-based distribution of our market data via the qh API Ecosystem store. We think the QuantHouse community will benefit from accessing SIGMA X MTF market data, offering the opportunity to identify high quality liquidity to help improve trading and execution outcomes.”
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.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. To learn more, visit www.gs.com.