QuantHouse Turns to Switch and Data for its Low-Latency Market Data Platform

Posted on: Mon, 27 Apr 2009 10:46:00 EDT


Symbols: SDXC
TAMPA, Fla., Apr 27, 2009 (BUSINESS WIRE) --
SDXC | Quote | Chart | News | PowerRating -- Switch and Data (NASDAQ: SDXC), a leading provider of network neutral
data center and Internet exchange services, today announced that
QuantHouse has expanded its operations within Switch and Data's 111 8th
Avenue site in New York. Switch and Data's site is the base for
QuantHouse's QuantFEED application programming interface (API), which
provides financial member firms in the New York, New Jersey metro area
with reliable, sub-millisecond access to market data, and serves
financial customers around the world.

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

For full details on Switch & Data Facilities Company (SDXC) SDXC. Switch & Data Facilities Company (SDXC) has Short Term PowerRatings at TradingMarkets. Details on Switch & Data Facilities Company (SDXC) Short Term PowerRatings is available at This Link.

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