QuantHouse unveils Consolidated order book

Source: QuantHouse

QuantHouse, the leading provider of next generation trading solutions, today announced the availability of its consolidated order book solution, to build the fastest and most flexible European Best Bid and Offer (EBBO), giving insight into the entire liquidity available across all of Europe's MTFs and primary exchanges.

The firm's ultra-low latency market data solution, QuantFEED - captures raw data co-located within the exchange, performs micro-second decoding and delivers normalized data through a single API (application programming interface). Written in C++, with a multi-threaded design running on Linux, the product leverages QuantHouse feed handler technology.

The QuantHouse ultra-low latency EBBO Feed is highly configurable. Clients will benefit from many other advanced features including:

  • Universe of instrument: picking venues among all primary exchanges and MTFs
  • Consolidation per ISIN/SEDOL/RIC and others
  • Consolidation of: bid/ask, trades, open/close/high/low and trading status
  • Level 1 or full order book
  • Different modes for Best Bid and Offer: cumulated size, latest quote and biggest size
  • VWAP computation
  • Real-time monitoring: market activity and latencies.

The QuantHouse proprietary fiber optic network allows its clients to receive this brand new QuantFEED product from any of the 15 QuantHouse 'Points Of Presence' within the US and European exchange data and proximity hosting centers.

QuantFEED is one product in a series of cutting-edge capabilities across the full trading platform.

Denery Fenouil, CTO and co-Founder of QuantHouse, said: "We have leveraged our cutting-edge market data technology that we supply to high frequency trading firms and used it to help our clients define the EBBO they need for their trading business whether that's arbitrage, smart order routing or best execution etc. With the QuantHouse solution, our customers can react first to changing market conditions, with the performance and flexibility they need to ensure the most profitable trades."

Stephane Leroy, Head of Global Sales & Marketing of QuantHouse, added: "Our entire service is delivered as an on-demand solution, which QuantHouse operates as a managed end-to-end service to ensure that customers always benefit from the business advantages that result from best-of-breed technologies, without any of the complexity of implementing and operating the service".

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