S&P Capital IQ buys Quanthouse
03 April 2012 | 6718 views | 0
McGraw-Hill unit S&P Capital IQ has acquired market data and trading technology vendor Quanthouse. Financial terms of the deal were not disclosed.
Founded in 2005, Quanthouse provides low-latency market data technologies, algo-trading development frameworks, proximity hosting and order routing services for hedge funds, market makers, proprietary desks and sell-side firms.
The privately-held company's 90 employees, based in Paris, London and New York, will become "a critical component" to S&P Capital IQ's strategy as part of the Enterprise Solutions unit.
In the short term, its products and services will continue to be sold as standalone feeds and applications, although all S&P Capital IQ and S&P Indices content will gradually be consolidated into QuantHouse feeds.
Lou Eccleston, president, S&P Capital IQ, says: "The acquisition of QuantHouse will provide our clients with access to exchange pricing globally, including securities valuations and portfolio analytics, throughout all our desktop and enterprise solutions. In addition, the extensive capabilities QuantHouse brings will enable S&P Capital IQ to build our own unique real-time monitors, derived data sets and analytics."