Sybase and QuantHouse team on algorithmic trading strategies

Source: Sybase

Sybase (NYSE: SY), a leading provider of enterprise infrastructure and mobile software, and Quant House, a leading provider of program trading solutions, today announced a strategic alliance to jointly deliver a solution for algorithmic trading strategies for back testing and regression testing for financial services organizations.

Using Sybase IQ analytics server, Quant House will deliver an efficient solution to enable back testing on-demand with full access to resources, including market replay servers and market data repository. This will enable algorithmic/quantitative back testing trading strategies that are central to financial institutions using program trading technologies. Together, Sybase and Quant House's solutions of low-latency market data expertise, fiber optic networks and engines will deliver these strategies to the market.

"By enabling financial services organizations to manage back testing on virtually any set of real-time and historic market data, the combination of Sybase and Quant House offers a cutting-edge trading solution to financial services organizations," said Steve Shine, vice president and general manager of Europe, Middle East and Africa for Sybase, Inc. "Central to this offering will be the ability for the financial organizations to increase competitive position in the market and continue to see ROI at an exceptionally low total cost of ownership. Sybase is very pleased to work with Quant House to deliver the vision of trading strategies back testing on demand."

"With this new announcement, we are pioneering a new way to perform back testing, allowing clients to leverage Quant House worldwide fiber optic networks and hosting facilities together with Sybase's proven storage and messaging technology which power 90 percent of the world's securities firms and 60 percent of its banks," said Pierre-Francois Filet, CEO and co-founder of Quant House.

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