(Vocus) March 2, 2010
SunGard has integrated its smart order routing and algorithmic trading solutions, GL Stream and GL Tactics, with market data feeds from QuantHouse, a leading provider of ultra low latency market data technologies. SunGard customers using the solutions will be able to select data feeds from either SunGard or QuantHouse, according to speed, content, resiliency and stability, helping them to choose the right feed for a specific time and goal. The integration is part of SunGard’s multiple market data vendor strategy, designed to help improve the support for customers in algorithmic trading, high frequency trading or multi-venue environments.
Pierre Feligioni, general manager and co-founder of QuantHouse, said, "The need for fast market data flows has become paramount with the development of algorithmic trading and high frequency trading. Brokers are searching for solutions to improve their market data capture and order routing performance. SunGard's trading customers will be able to benefit from QuantHouse market data co-location offering to help improve market data capture and SunGard's smart order routing capacity."
Yassine Brahim, president of SunGard's global trading business, said, "Algorithmic trading systems need to process a lot of market data, both in throughput and real-time, to support brokers' execution strategies. The resiliency of the market data delivery is important to help brokers deploy algorithms. With its algorithmic trading solutions now available on both GL Net and QuantHouse market data feeds, SunGard is helping its customers increase the sourcing, performance and resiliency of their market data feeds."
QuantHouse is an independent global provider of end-to-end systematic trading solutions.
It includes ultra low latency market data technologies, algo-trading development framework, trading infrastructure and order routing service; to help hedge funds, proprietary desks and low latency sensitive sell side firms to take the lead.
QuantHouse products and services offering are composed of:
- QuantFEED, Ultra Low Latency Market Data technologies … to be the first to detect market opportunities,
- QuantFACTORY, the Algo Trading Strategy Development framework … to be the first to launch new trading models,
- QuantLINK, global trading infrastructures …to be the first to match opportunities.
For more information about QuantHouse and its solutions for quant trading firms, please visit: http://www.quanthouse.com
About GL Stream
The GL Stream suite provides a comprehensive response to the challenges of global electronic trading. GL Stream ASP for Market Access is a fully managed and cost-effective solution for exchange connectivity, based on hosted and mutualized market gateways. GL Stream for Liquidity Management is a suite of capabilities for trading of instruments across multiple competing venues: exchanges, ECNs, MTFs, dark pools and in-house matching engines.
About SunGard Global Trading
SunGard’s global trading business provides multi-asset, front- to back-office trading solutions for equities, fixed income, derivatives, FX and commodities on exchanges worldwide. These solutions support full lifecycle trading and trade processing activities including information services, market connectivity and order management that help improve trade efficiency and risk monitoring.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, GL Stream and GL Tactics are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.