About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Quincy Expands QED with Equity and Energy Futures

Subscribe to our newsletter

Quincy Data has expanded its Quincy Extreme Data (QED) service with the addition of select equity and energy futures sourced from 350 East Cermak and cash treasuries sourced from Carteret. With this development, Quincy clients will not only benefit from additional data sources, but also Quincy’s broad distribution of data from eight exchanges to trading centres in Illinois, New Jersey, London and Frankfurt.

Jim Considine, chief operating officer at Quincy Data, says he expects broad uptake of the service by firms colocated at the exchanges as it is important for them to get lowest latency market data in order to capitalise on their positions. Considering the costs involved in establishing colocation, Considine explains that managed services are popular among smaller firms that cannot necessarily afford the upfront investment of building their own colocated infrastructure. He says: “Low latency market data used to be the exclusive domain of a select few industry participants that could afford the millions of dollars it took to get the infrastructure in place. We have taken all of those costs and are trying to share them among the industry players, lending a helping hand to those who are new, struggling and only just coming online.”

While smaller firms can benefit from Quincy Data’s managed service, Considine notes that larger firms that can afford to invest in infrastructure are also considering the company’s service as a way to decrease the latency of their market data setups. He says: “The key here is that this is not just a service model, Quincy is the fastest service on the market. Even if a firm has its own microwave network, it will be difficult to get market data with a lower latency than we can provide.”

Looking forward, Considine says Quincy Data is planning to add the upcoming release of Morgan Stanley Capital International (MSCI) indices from Intercontinental Exchange to the service. It will also distribute Eurex data and Liffe futures to additional trading centres. He explains: “We are already licensed for Eurex data, so we will be adding that to the network and will start sending it westbound to London and the colos in New Jersey and Illinois. Hopefully, we will then add Liffe futures. We have a lot of data to add and a larger footprint to reach, particularly in Europe.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Market data in the cloud

Over the past several years, the topic of market data in the cloud has been hotly debated – latency has been an issue, which data to put in the cloud has been discussed, and lines have been drawn. But where are we now, and how have the lines been redrawn? This webinar will consider progress...

BLOG

TMX Group Acquires 21% of VettaFi for US$175 Million

Hot on the heels of its recent acquisition of Wall Street Horizon, TMX Group, the Toronto-based market operator and data and analytics provider, has acquired approximately 21% of the common equity of VettaFi Holdings LLC, a US-based, privately owned data, analytics, indexing and digital distribution company, for US$175 million. VettaFi provides a comprehensive suite of...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...