QuantHouse, the API Data and Trading Solutions business of Iress, has expanded its offering to provide real-time market data from the Saudi Exchange, enabling clients to access comprehensive trading information from the largest stock exchange in the Middle East and North Africa (MENA) region. The integration makes real-time data on equities, trusts, rights, indices, and bonds available to QuantHouse clients globally through a single API, facilitating seamless incorporation into existing workflows.
Early adoption has already been seen among clients in London, who are leveraging the Saudi Exchange data to enhance their trading strategies, says QuantHouse’s Head of EMEA Sales and Business Development, Rob Kirby, in conversation with TradingTech Insight.
“Our integration of market data from Saudi Exchange has been primarily driven by client demand. And although we only went live last week, one of our largest systematic hedge fund clients—who has been with us for 15 years—has already adopted the service,” he notes, adding: “The data is available through two of our London hubs: the Equinix data centre in Slough (LD4) and the Interxion data centre in London. This particular hedge fund client is already accessing the data from both these locations. We’re now also in active discussions with several other clients, not just on the buy side but also with medium to large-sized banks.”
The Saudi Exchange, recognised as the Gulf region’s main market and a key financial hub, offers investors access to a diverse and growing market. By integrating data from the exchange, QuantHouse aims to support its clients in diversifying their investment portfolios and accessing new opportunities in one of the most dynamic market centres in the MENA region, which is becoming increasingly attractive to international investment firms.
“Geographically, we’re seeing significant interest not just from clients in UK/Europe, but from Asia as well, reflecting the growing appeal of MENA,” says Kirby. “Looking ahead, Abu Dhabi, Dubai and Bahrain are all on the radar, so we’ll continue to move further into the region based on client demand.”
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