QuantHouse has built out its application programming interface (API) capability to deliver qh API Ecosystem, a framework that allows fintech firms to offer their products as on-demand solutions available through open APIs, and API based users, particularly hedge funds and automated trading firms, to access trading solutions without the complexity of integration. The benefits are expected to include easy access to multiple trading venues, technologies and applications, accelerated time to market and reduced cost.
Stephane Leroy, business co-founder and chief revenue officer at QuantHouse says: “This is a milestone in our history. Over the past 10 years, we have been building a new world of quant trading in which every decision-making process is managed by machine, not by humans. We have been guided by our clients on what to develop and seen some of them implementing our technology and linking it to other technology. We wanted to industrialise this with the API Ecosystem.”
Based on existing work in the API space by QuantHouse, the ecosystem already includes about 500 participants. These include buy-side firms using automated trading, such as hedge funds, trading arcades, asset managers and prop shops and desks, and service providers such as fintechs, sell-side firms and exchanges. Existing apps include market data analytics, execution services, order management systems, risk management managed services and FIX gateway services. More apps will be added over the next few weeks and on an ongoing basis.
The business model is based on usage of apps, with QuantHouse benefitting from hosting the apps. Leroy comments: “We provide infrastructure services and new sales and distribution channels to clients in our 27 data centres, that covers nearly all of the quant trading community.”
He concludes: “This democratises technology and makes it easy to use. Fintech apps can be made available globally with low investment and consumers can use software without complex installation and integration. By offering an entirely automated ecosystem, a quant team can develop a complete automated trading environment in a matter of days.”