EliData Taps QuantHouse to Gain Access to Market Data
- The collaborative application is already being used by a tier 1 Spanish bank.
QuantHouse, a trading technology provider, has announced on Tuesday its partnership with EliData, a trading and order routing applications developer, to offer QuantFEED market data into the EliData Smart Order Router (SOR).
“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 internalizers,” Marco Connizzoli, CEO, EliData, said in a statement.
Based in Italy, EliData’s applications are focused on the capital markets players and it also offers solutions for data exchange between the front office and the back office systems.
It has already deployed EliData SOR using QuantHouse market data for an unnamed tier-one financial institution in Spain, the announcement added.
“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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term requirements,” Connizzoli added. “We look forward to seeing more clients benefit from our collaboration with QuantHouse.”
Access to market data always remains in demand
QuantHouse normalizes and disseminates market data from more than 145 Exchange data feed into QuantFEED and offers them with a single API. The company also offers QuantFACTORY, an algo-trading development framework, and QuantLINK, proximity Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term, and order routing services.
The client of the company also include mammoths like Goldman Sachs.
“We are delighted to see a major financial institution in Spain benefit immediately from the EliData-QuantHouse tie up,” Gilles Antoine, business development director EMEA at QuantHouse. “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.”
QuantHouse, a trading technology provider, has announced on Tuesday its partnership with EliData, a trading and order routing applications developer, to offer QuantFEED market data into the EliData Smart Order Router (SOR).
“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 internalizers,” Marco Connizzoli, CEO, EliData, said in a statement.
Based in Italy, EliData’s applications are focused on the capital markets players and it also offers solutions for data exchange between the front office and the back office systems.
It has already deployed EliData SOR using QuantHouse market data for an unnamed tier-one financial institution in Spain, the announcement added.
“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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term requirements,” Connizzoli added. “We look forward to seeing more clients benefit from our collaboration with QuantHouse.”
Access to market data always remains in demand
QuantHouse normalizes and disseminates market data from more than 145 Exchange data feed into QuantFEED and offers them with a single API. The company also offers QuantFACTORY, an algo-trading development framework, and QuantLINK, proximity Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term, and order routing services.
The client of the company also include mammoths like Goldman Sachs.
“We are delighted to see a major financial institution in Spain benefit immediately from the EliData-QuantHouse tie up,” Gilles Antoine, business development director EMEA at QuantHouse. “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.”