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

A-Team Insight Blogs

S&P Global Calls QuantHouse Sale Part Of Realignment

Market information provider S&P Global’s sale of market data and end-to-end systematic trading solutions provider QuantHouse, which it had acquired in 2012, is intended to allow its S&P Global Market Intelligence division to focus on opportunities “that most closely align with our vision,” says Mike Chinn, president of S&P Global Market Intelligence.

Access to exchange pricing, which was touted as a reason for the acquisition by S&P Capital IQ’s [later merged with SNL Financial to become S&P Global] president at the time of the acquisition, Lou Eccleston, may not have been enough of a justification for keeping the QuantHouse business.

In the April 2012 announcement of the acquisition, Eccleston said QuantHouse capabilities would help S&P Capital IQ build its own real-time monitors, derived data sets and analytics; and that QuantHouse would serve as a foundation for S&P’s Enterprise Solutions business. QuantHouse turned out to be less relevant for S&P valuations business.

Nine years earlier, S&P sold a previous real-time market data effort, S&P Comstock, to Interactive Data.

Pierre Feligioni, a founder of QuantHouse, has acquired the company from S&P Global. The acquisition will allow QuantHouse “to regain focus and flexibility to exploit growing market opportunities in North America, Europe and Asia,” says Feligioni. He adds that QuantHouse can now become “the leading provider of ultra-low latency trading solutions.”

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

Gresham Technologies Agrees to Acquire Electra Information Systems

London-based Gresham Technologies is acquiring New York-based post-trade automation specialist Electra Information Systems, in a cash deal valued at up to $38.6 million. The acquisition, which follows Gresham’s purchase of Inforalgo Information Technology last summer, will boost Gresham’s physical presence in the US, double its customer numbers to over 270, and strengthen its cloud and...

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

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...