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

Recorded Webinar: Best practices for creating a data quality framework for your organisation

Bad data affects time, cost, customer service, cripples decision making and reduces firms’ ability to comply with regulations. With so much at stake, how can financial services organisations improve the accuracy, completeness and timeliness of their data? What approaches and technologies are available to ensure data quality meets regulatory requirements as well as their own...

BLOG

Exegy and Vela Merge to Create Market Data and Execution Technology Powerhouse

Exegy, a provider of hardware accelerated solutions for market data and predictive analytics, and Vela, a market data and execution technology provider, have announced the merger of their business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over $7.5 billion of capital commitments under management. Commercial terms of the...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.