Trading solutions provider QuantHouse is now providing co-location and DMA services within the recently opened CME Group colocation facility west of Chicago in Aurora, Illinois, allowing high-frequency trading firms to benefit from close proximity to the CME Globex matching engine, reduced latency and direct access to the exchange’s liquidity centre.
The Aurora offering, which launched live trading on 29 January 2012, is designed to provide the lowest latency connectivity possible for all products traded on the CME Globex platform.
“It is essential that QuantHouse continually expands the backbone of its infrastructure which includes leading the latest round of exchange migration,” said Pierre Feglioni, COO and co-founder at QuantHouse. “CME Group’s data centre offering was the next logical step for us in providing enhanced market data and the lowest latency poissible when accessing the US market and therefore addressing client demand from around the globe.”
Meanwhile, CME Group and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, will increase their investments in the Dubai Mercantile Exchange (DME), which specialises in energy futures and commodities.
As part of the restructuring of the DME’s equity shareholding, a recapitalisation arrangement will increase CME Group’s NYMEX division's stake in DME from 25% to 50%. Oman Investment Fund will increase its holding to 29%, a subsidiary of Dubai Holding will retain 9% and 12% will be held on a non-voting basis by strategic investors including Shell, J.P. Morgan, Morgan Stanley and Goldman Sachs.
“By committing CME Group’s resources and know-how to DME’s increasingly well-received product set, participants in the Middle East and Asia will be able to access transparent pricing and risk management products as global energy markets focus ever further eastward,” said Bryan Durkin, CME Group CEO.