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 Eurex Futures

Quincy Data has expanded its Quincy Extreme Data (QED) service with the addition of bond and equity futures from Eurex that will be distributed to data centres across the UK, New Jersey and Illinois. This is the first European data source to be added to the service, which already distributes data from eight US exchanges using microwave technology.

Jim Considine, chief operating officer at Quincy Data, says the expansion has been under discussion for some time, with further growth of the service in Europe already underway. He comments: “This is a continuation of our strategy to add more data, from more exchanges, to more colocations. In concert with this, we are opening a data receive site in Basildon, east of London, for both data coming from Eurex in Germany and data coming from the US. We are also opening new POPs in the UK.”

Considine explains that firms considering building out their own microwave networks can spend a fraction of the cost by opting for Quincy’s microwave data-as-a-service. He adds: “By spreading the considerable cost of the network and its maintenance among many users, we can fragment our offer and make it ‘a la carte’ and more accessible. If, for example, you only care about a couple of foreign exchange symbols from the CME, or about Euro Stoxx futures in the UK, the Quincy service is affordable and a big benefit as it is a robust and commercial service.”

Looking forward, Considine says Quincy is planning to add further European data sources to QED while consolidating its position in the US with data distribution at the Mahwah, New Jersey data centre. An expansion into Asia may be a potential development in future, although Considine suggests that more limited arbitrage opportunities from Asia back in the US limit some of the appeal. He concludes: “We have licensed Liffe data and plan to release that in the fourth quarter, and we will continue to add colos and data sources as customer demand warrants.”

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 8 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

Broadridge Strikes at Front Office with $2.5 Billion Acquisition of Itiviti

In an all-cash transaction valued at €2.143 billion (approximately $2.5 billion), US-based Broadridge Financial Services this week agreed to acquire Scandinavian trading and connectivity solutions provider Itiviti from owner Nordic Capital. The deal will significantly expand Broadridge’s Capital Markets franchise by extending into the front office and strengthening its multi-asset capabilities. The fit looks like...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...