QuantHouse stands as a trading technology provider and announced on Tuesday that it had made a new partnership. This partnership is with the trading and order routing application developer, EliData, and will see QuantFEED’s Market data be integrated within the Smart Order Router (SOR) of EliData.
QuantHouse Providing EliData With More Data
Marco Connizzoli stands as the CEO of Elidata and gave a public statement about the matter at large. He stated that the world at large is increasingly becoming fragmented, with financial institutions still needing access to a wide array of asset classes and venues. This, according to Connizzoli, must be done for institutions to execute their orders, with the QuantHouse partnership expanding EliData’s existing set of systematic internalizers and venues.
EliData, an Italy-based developer, has its applications focus primarily on the capital markets players. Alongside this, the firm offers data exchange solutions regarding communication between the front office and the back office’s systems.
New Collaboration Already Holds Client
As it stands now, EliData has already deployed its SOR with QuantHouse market data to a currently unnamed tier-one financial institution, situated within Spain.
Connizzoli explained that EliData’s SOR was developed with MiFID I in mind, originally. Over time, however, Connizzoli explained that the SOR was enriched in order to comply with MiFID II, as well. This, Connizzoli says, will ensure that EliData’s customers can meet the best execution requirements. Connizzoli further expressed anticipation when it comes to more clients gaining benefit from this new QuantHouse collaboration.
Both Parties Gaining From It
Quanthouse stands as a firm that disseminates and normalizes market data for over 145 exchanges, feeding it into QuantFEED then offering it to the world as a single API. Furthermore, QuantHouse offers QuantFACTORY, as well, which is an algo-trading development framework. Alongside this stands the QuantLINK offering, as well, which is an order routing and proximity hosting service.
Quanthouse holds heavyweights as its clients, including the likes of Goldman Sachs, as well.
Gilles Antoine stands as the business development director for QuantHouse’s EMEA arm. He explained that the company is pleased to announce that a significant financial in Spain is already gaining benefit from this partnership between QuantHouse and EliData. Antoine stated that Italy and Spain are considered key markets by QuantHouse. With EliData as a local partner in both these nations, as well as beyond, a wider choice of order execution to traders can be provided within the EMEA region.