By Uri Inspector, Staff Reporter
Russian order management system (OMS) provider ARQA Technologies is leveraging QuantHouse’s data centre and market data infrastructure to launch its hosted trading solutions in Continental European financial markets.
Under the initiative, which will be hosted at QuantHouse’s London data centre, ARQA will use an adaptor for QuantHouse’s QuantFEED global market data feed to support its Quik solutions for European markets. ARQA has been a client of QuantHouse for more than 10 years.
According to Stephane Leroy, co-founder and chief revenue officer at QuantHouse, “The collaboration is now evolving to a new level in order to allow a wider range of the market to benefit from this solution.”
Founded in Novosibirsk, Sibera, ARQA opened a regional office in London in 2013, providing global market connectivity solutions across all financial instruments. Using QuantHouse’s hosting facilities, the company will now expand the ARQA OMS – designed for sell-side firms using a sales and trading approach – into European markets for the first time.
It will be hosted by QuantHouse across the Equinix LD4/5 data centres in Slough, London Stock Exchange’s City of London collocation facility, Interxion’s Brick Lane LON-1 data centre, Telehouse’s Docklands facility and Euronext Markets based in InterContinental Exchange’s data centre in Basildon, east of London.
“Due to the possibility of hosting in the London data centre – thanks to cooperation from QuantHouse – we believe [the OMS] will become more interesting to European financial institutions,” says Irina Kozachok, Director of Marketing & Client Relations at ARQA.
QuantHouse’s hosting and data services will enable clients to use the ARQA OMS as a service, and simplify connectivity to both exchange venues and the 16 brokers who are members of the QuantHouse API Ecosystem, which include Barclays and Merrill Lynch.
ARQA’s solution has thus far been installed at seven global banks and broker-dealers, providing connectivity to over 30 trading venues with in-built risk management. ARQA OMS can be fully utilised by most sell-side institutions because it is multi-asset and cross-market.
Igor Sukhanov, Trader at SOVA Capital, a client of ARQA’S, said: “ARQA OMS is used for processing and systematisation of client flows in equities. It allows our clients to receive live fills during order execution which is extremely important for internationals. It also allows us to send algo orders straight from a client ticket. We are waiting for new tools to be added to make it more flexible when working with different currencies.”
Adds QuantHouse’s Leroy: “We believe that OMS and advanced trading solutions available as a fully managed service is the way to go for the industry. Services available on demand are cost-effective and integrate new features or regulation rules with more flexibility. We are happy to welcome ARQA Technologies as part of our QH API Ecosystem as this new service has the capability to scale to match trading and performance requirements for large investment banks through to regional players.”
Indeed, ARQA has integrated into their solution a provisioning system compatible with QuantHouse market data for an end-to-end solution strictly compatible with Exchange requirements in terms of data reporting & compliance.