The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Quincy Expands QED with Equity and Energy Futures

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.”

Related content

WEBINAR

Recorded Webinar: Market data in the cloud

The Covid-19 pandemic has created new demand for financial information delivery infrastructure to accommodate the many trading and support personnel now working from home (WFH). For many firms, new cloud delivery and hosting capabilities offer a viable solution for supporting these staff, accelerating demand for cloud-based market data delivery infrastructures. This development has thrown up...

BLOG

KX Adds Cloud-Native Stream Analytics to kdb+ as Clients Seek Off-Prem Solutions

KX has released KX Insights, a cloud native streaming analytics solution that provides fast, scalable real-time data insights without the capex and maintenance burden of on-premise infrastructure. KX Insights is built on the company’s cloud version of the kdb+ time series database and uses a microservices architecture that supports not only new KX users but...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...