Quant House, the low latency market data feeds, feed handlers and solutions provider for quant traders and low latency-sensitive financial institutions, has announced that it has acquired SmartQuant technology, rebranded QuantFACTORY. SmartQuant’s trading strategies development tools enable users to develop, back-test, simulate and execute program trading strategies, the firm says.
By combining low latency market data technologies with the QuantFACTORY suite of products, Quant House is making a strategic move towards building the first end-to-end program trading solution to help hedge funds, proprietary desks and program trading firms optimise their trading strategies’ development cycle to trade ahead.
“This acquisition is part of our vision to build a complete end-to-end program trading solution portfolio to help program trading firms to trade ahead,” says Pierre-Francois Filet, CEO and founder, Quant House. “Program trading development tools were already in our DNA as the main founders of Quant House are former quant developers and IT advisors of a London-based arbitrage hedge fund. I’m delighted to welcome Dr. Anton Fokin as strategic R&D partner. He will bring a significant expertise and will participate with us in future QuantFACTORY evolution,”adds Filet. QuantFACTORY has more than 60 clients globally.
“This strategic move is also clearly the answer for a growing number of clients requesting leading edge solutions to shorten the time from an initial trading model idea to the moment it’s live on the market,” says Stephane Leroy, head of global sales and marketing, Quant House. “With the QuantFACTORY suite of products, our clients will optimise their development cycle going through research, development, back-testing and execution phases more rapidly and efficiently. Clients will save time and budget by focusing on their core business rather than devoting efforts to searching and building ad-hoc technologies,” he continues.