QuantHouse reports double-digit revenue growth; mulls future acquisitions and partnerships
21 March 2018 | 2017 views | 0
QuantHouse, the independent global provider of end-to-end high-performance market data and trading through API-based technologies, today announced that it has reported strong double-digit revenue growth since its 2017 buyback from S&P.
Throughout 2017, QuantHouse has launched many strategic initiatives to accelerate growth:
• MiFID II initiatives: the launch of an algo-trading stress testing solution; a UTC time source service in partnership with NPL; direct API access to Systematic Internalizers such as Sun Trading, Virtu Financial and Jane Street
• Product innovation: the launch of the QuantHouse qh API Ecosystem designed to accelerate the adoption of multi-asset class API-based solutions including value added analytics, automated trading tools, AI and machine learning services
• Successful Acquisition: of US based Victory Networks, an organisation that designs, implements and manages high-speed networks for bulge-bracket banks, boutique financial firms, and hedge funds across the United States
Pierre Feligioni, Company Co-Founder and CEO, QuantHouse, said, “From buying the company back from S&P in January 2017, the revenue growth and innovation capabilities we have demonstrated show the resiliency and effectiveness of our teams. The fast execution of the acquisition of Victory Networks makes us consider many more options to accelerate our growth going forward. We actively encourage conversations with potential partners as we look to repeat 2017’s rapid growth into 2018.”
“We continue to build upon our 2017 growth path recording significant increases in new contracts from all regions during the first eight weeks of 2018. The combination of our solid double-digit revenue sales growth in 2017, the signing up one new client every 7 days, in conjunction with strong innovative solutions, has resulted in impressive numbers in all product lines,” concluded Stephane Leroy, Business Co-Founder and Chief Revenue Officer, QuantHouse.