Trading technology provider QuantHouse is offering direct access to Sun Trading’s Systematic Internaliser (SI) platform through its qh API Ecosystem, which is driven by the company’s QuantFEED and QuantLINK services, and provides access to Sun Trading market data and order entry feeds, as well as SI liquidity.
The aim is to help qh API Ecosystem members – around 500 exchanges, prime brokers, trading venues, hedge funds, market makers and others – benefit from the changing liquidity landscape created by the SI regime in Markets in Financial Instrument Directive II (MiFID II).
QuantHouse co-founder, Stephane Leroy, says: “There is enormous change happening in the market under MiFID II and our aim is to help clients access these new SIs quickly and easily so they benefit from the new regime. Sun Trading is one of the largest liquidity providers, by providing connectivity to it via QuantHouse’s API Ecosystem, clients have quicker access to better liquidity, without the pain of having to code bespoke APIs.”
Jamal Tarazi, head of European trading at Sun Trading, adds: “QuantHouse is helping to open up the market to smaller firms by normalising access to liquidity that would have been inaccessible before.”
The deal with Sun Trading follows QuantHouse’s offer of access to Virtu’s SI platform last month. QuantHouse introduced the qh API Ecosystem in September, giving firms access to trading solutions through open APIs. At the time, Leroy called the ecosystem ‘a milestone in our history’ that ‘industrialises and democratises’ automated trading.