A-Team Insight Blogs

Iress Targets Europe with QuantHouse Purchase

Share article

Australian EMS/OMS platform provider Iress is expanding its European footprint with the acquisition of market data and connectivity provider QuantHouse. The move continues the ongoing consolidation in the trading systems space, and comes less than two years after QuantHouse bought itself out of an earlier, unhappy acquisition by S&P Global Markets.

Iress, publicly listed on the Australian Securities Exchange, competes with the likes of Fidessa (now ION Markets) and Itiviti in the OMS space, which has seen the acquisitions of Fidessa by ION, of ULLINK by Itiviti and of Charles River Development by State Street. The company has been setting its sights on the European marketplace, and the QuantHouse acquisition formalizes its expansion into the region.

QuantHouse provides high-speed delivery of 145 data feeds from exchanges and other data providers globally, and operates an API ecosystem, offering a single point of access to multiple adjacent third-party applications.

Under the terms of the acquisition all QuantHouse employees have been retained. Iress plans to incorporate QuantHouse’s team into building upon its own products and services. Pierre Feligioni, CEO and co-founder of QuantHouse, says, “All together, we can continue to innovate by growing our respective product scope and further developing new generations of services for the best interest of both Iress and QuantHouse clients and partners.”

 

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: How to exploit the opportunities of alternative data

Alternative data is emerging as a key component of buy-side firms’ efforts to seek out new investment opportunities, for many filling the gap left by the unbundling of sell-side research from execution. By tapping into unique, non-traditional data sets, hedge funds and quantitative fund managers hope to exploit unfound opportunities before they hit the mainstream....

BLOG

Chronicle Software Releases Market Data, Stripped Back Messaging Microservices

Chronicle Software, which provides Java-based microservices for the capital markets space, has expanded its line of native C++ libraries and microservices to include a market data distributor and a stripped-back version of its Chronicle Queue persisted messaging solution. The two new capabilities – one at the application level and the other at the framework level...

GUIDE

Enterprise Data Management Europe 2010

he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...