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According to recent exchange reports, daily U.S. equities trade volume surpassed the 13 billion mark in recent weeks and program trading comprises more than 60 percent of all trades. Switch and Data launched its Financial Services Practice in March to help pre- and post-trade service providers, the buy side, and sell side communities in the equities, options, futures, and currency markets scale their operations for these unprecedented volumes. The Practice helps customers develop and design comprehensive data center solution to address the volume and low-latency requirements of today's electronic trading markets.
"Proximity to the U.S. equities markets is essential to QuantHouse, and being strategically colocated near the major market centers gives us the ability to offer low-latency market data services to our customers," said Stephane Leroy, Head of Global Sales and Marketing at QuantHouse, a leading global provider of ultra low-latency market data and end-to-end systematic trading solutions. "With Switch and Data's help, we provide a competitive edge -- enabling our customers to be ready for market demand, and, at the same time, maximizing their returns."
Switch and Data's 111 8th Ave. data center houses hundreds of fiber providers, carriers, managed service providers and financial Extranets. With its robust interconnections, it provides customers with direct access to equities, options, futures and currency markets in North America's leading financial centers. Additionally, QuantHouse's QuantLINK proprietary fiber optic network, which interconnects the exchanges with proximity hosting at the source, will be available to clients at the NYC location.
"Given today's historic trade volumes, the quest for alpha becomes even more competitive. Low-latency market data solutions are vital to any firm's trading strategy," said John Panzica, Vice President of Switch and Data's Financial Services Practice. "QuantHouse is a valuable addition to the growing Switch and Data financial eco-system and provides financial firms with a competitive edge when searching for trade opportunities."
About QuantHouse
QuantHouse is an independent provider of end-to-end systematic trading solutions to help financial firms to trade ahead. It includes low latency market data technologies, algorithmic trading strategies development framework, infrastructure services and professional services for hedge funds, proprietary desks and asset managers as well as low latency sensitive sell side firms. QuantHouse products and services offerings are composed of:
-- Ultra Low Latency Market Data technologies to be the first to detect market opportunities
-- Systematic Trading Strategy Development tools to optimize time to market
-- Infrastructure Services to improve trading performance
-- Professional Services to benefit from the latest systematic trading technologies
QuantHouse has the benefit and support of a very experienced group of investors. The Investor group is lead by one of the world's largest global brokerage organizations: NEWEDGE GROUP. Newedge is a 50/50 joint venture between Societe Generale and Calyon. For more information about Newedge Group, please visit: www.quanthouse.com. For more information about QuantHouse and its solutions for quant trading firms, please visit: www.quanthouse.com.
About Switch and Data
Switch and Data is a premier provider of network-neutral data centers that house, power and interconnect the Internet. Leading content companies, enterprises and communications service providers rely on Switch and Data to connect to customers and exchange Internet traffic. Switch and Data has built a reputation for world-class service, delivered across the broadest colocation footprint and richest network of interconnections in North America. Switch and Data operates 34 sites in the U.S. and Canada, provides one of the highest customer satisfaction scores for technical and engineering support in the industry, and is home to PAIX(R) -- the world's first commercial Internet exchange. For more information on Switch and Data, please visit www.switchanddata.com.
SOURCE: Switch and Data
STC Associates Jennifer Handshew, 212-725-1900 ext. 228 jhandshew@stcassociates.com or Switch and Data Chris Reid, 813-207-7722 creid@switchanddata.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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