Quant House, the API Data and Trading Solutions business of Iress, has partnered with Cboe Global Markets to enhance its US equity market data offering through the Cboe One Feed.
The Cboe One Feed provides a consolidated view of market activity across Cboe’s four US equity exchanges, delivering real-time reference quotes and trade data. It is designed to offer market participants a cost-effective and high-quality source of information, with quotes that are within 1% of the National Best Bid and Offer (NBBO) 97.26% of the time.
“The addition of the Cboe One Feed is very much client-led and initially, APAC demand-driven,” Rob Kirby, Head of EMEA Sales and Business Development at QuantHouse, tells TradingTech Insight. “As a market data vendor we are data source agnostic, recognising that every exchange has a different ‘flavour’ in terms of its data offering and price points. We see our role as providing flexibility and choice to all clients, across all regions, in the delivery of high quality data.”
With data playing a critical role in trading strategies and decision-making, the expanded offering aims to support market participants by providing highly reliable US market data.
“With everything going on around the world at the moment, interest in US market data is increasing in all regions, with some clients particularly keen on an ‘out of US hours’ service for trading US products,” notes Kirby. “We have been asked quite a lot recently for OPRA market data delivered into EMEA, which we are already doing for some of our hedge fund clients. With the introduction of markets like Blue Ocean and now demand – initially from APAC clients – for CBOE One US equities data, QuantHouse has a more compelling offering that benefits clients and prospects in every region.”
With the consolidation of real time market data providers over the last few years, QuantHouse is one of the few providers that continues to specialise in being a market data vendor, reflects Kirby. “We also differentiate ourselves by focusing on feed handler technology over other areas of the tech stack like network services and hosting. So we can add value as a market data vendor that specialises in data delivery.”
He continues: “QuantHouse is seen as a real alternative to larger legacy data vendors; we provide our client base with a lot of support in managing large and complex market data costs. We focus on quality and service, placing particular emphasis on supporting clients to better understand and control all of their market data costs, including exchange fees. Our clients tell us that this approach is what differentiates QuantHouse from some of the other providers out there.”
The Cboe One Feed is now available to all QuantHouse clients.
Subscribe to our newsletter
