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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.”

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