Trading technology provider SunGard has integrated its smart order router (SOR) and algorithms with market data from low-latency data vendor QuantHouse.
Users will be able to select data feeds from either or both SunGard and QuantHouse, according to their speed, content, resiliency and stability requirements, to feed SunGard’s GL Stream SOR and GL Tactics algo suite.
SunGard said providing alternative market data solutions offers clients more flexibility and is designed to help improve support for customers in algorithmic trading, high-frequency trading or multi-venue environments. The technology provider also said having a choice of feeds would suit large financial institutions that have multi-vendor purchasing policies for on business-critical technology and data.
According to SunGard, the new offering will be useful to any of its brokerage clients that serve buy-side traders.
“The need for fast market data flows has become paramount with the development of algorithmic trading and high frequency trading. Brokers are searching for solutions to improve their market data capture and order routing performance,” said Pierre Feligioni, general manager and co-founder of QuantHouse.
“Algorithmic trading systems need to process a lot of market data, both in throughput and real-time, to support brokers’ execution strategies,” added Yassine Brahim, president of SunGard’s global trading business. “The resiliency of the market data delivery is important to help brokers deploy algorithms.”