QuantHouse, the leading independent provider of low latency trading solutions, announced today that Bats Europe, the fast-growing pan-European multilateral trading facility, has selected QuantHouse to supply real-time feeds of market data from other European trading venues.
BATS Europe uses the data from primary listing markets and other MTFs to support its trading operations and specific order types on its marketplace, as an input for market analytics, and to support its recently launched smart order routing service.
QuantHouse is a provider of end-to-end advanced trading solutions including low latency market data technologies, an alpha generation development framework and infrastructure trading services for systematic trading firms who want to move ahead.
BATS Europe executes more than 8%of the FTSE 100, 5-6% of the FTSE 250 and FTSE MIB, 4-5% of the CAC 40 and DAX, and 5% of the European market overall after launching only 16 months ago.
Pierre-François Filet, CEO & co-Founder of QuantHouse, commented:"Adding to existing agreements, this contract further demonstrates QuantHouse's strength in serving MTFs and low latency sensitive trading firms. We're extremely pleased to have BATS on board as a client, particularly because performance and data quality is something that is so essential to them".
Paul O'Donnell, COO of BATS Europe, added: "Demand for BATS Europe market data has been driven by the addition of new users, our new smart order-routing service and our continued record trading volumes. We are pleased to provide a dual-live system with a superior quality of service to our participants by leveraging market data software technologies developed by QuantHouse."
Stephane Leroy, Head of global Sales & Marketing at QuantHouse, concluded: "In the world of electronic trading, choosing a next generation trading technology provider is a very important decision for any trading participant. QuantHouse appears to be a provider of choice as clients recognize the importance of dealing with a provider controlling the end to end process from Research & Development to implementation and operations."