QuantHouse - Man vs Machine

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Man vs Machine: Coping with the Changing Face of Financial Technology Pierre FELIGIONI Head of Real Time Product Strategy S&P Capital IQ

description

Coping with the changing face of financial technology. Time of change: from human based trading to automated trading.

Transcript of QuantHouse - Man vs Machine

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Man vs Machine: Coping with the Changing Face of Financial Technology

Pierre FELIGIONI Head of Real Time Product Strategy

S&P Capital IQ

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Time Of Change : from Human Based Trading to Automated Trading and POP Design

QuantHouse is part of S&P Capital IQ, next generation provider of trading infrastructure, software and services that include ultra low-latency market data software, proximity hosting and order routing infrastructure and development and back-testing software

■ Commercially launched in 2006 and headquartered in Paris with sales offices in London, New York and Asia; currently has over 125 employees

■ Serves 130+ clients today including buy-side firms, sell-side firms and exchanges and has a growing number of technology and distribution partnerships,

■ Technology is used by the most demanding clients in the world and is based on highly proprietary, robust, portable and flexible middleware specifically built for low latency, high throughput functionality – key competitive advantage in the market

■ 19 global data centers,80+ direct exchange connections and 110+ total exchange market data feeds

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End-to-End Advanced Trading Solutions for Electronic Traders

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QuantFEED

QuantLINK

QuantFACTORY

Low Latency

Market Data Feed

Alpha Generation

Platform

Low Latency

Trading Infrastructure

Software that manages low latency market data to meet the changing environment given

increased fragmentation and message volumes

Hosting and Network Infrastructure that allows buy and sell-side trading firms to keep up with low latency market demands

Software that allows quant traders to spend more time on their core focus, developing alpha

generating models, rather than developing tools

QuantHouse is at the forefront of the technological arms race allowing users of its solutions to gain a competitive advantage by achieving better, faster and more efficient execution

Proprietary Fiber Optic Network

Live Production / Analysis

Back Testing / Alpha Discovery

Strategy Development

Ultra Low

Latency Order

Routing

Data Capture

Ultra Low

Latency Market

Data Proximity

Hosting

Data

Normalization Data

Normalization

Data Dissemination

QuantHouse is the Leading Provider of Low Latency Technology Solutions

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Key Competitive Advantage: Fully Managed Solution

• Shared HW infrastructure

• Managed up through the OS

• Easy Access through Financial Connectivity providers

• Deploy in days

Access

on Demand

• End-to-End management

• Tailored to Financial Institutions needs

• 24x7 Global Support

End-to-End

Managed Solution

• Market Data from the Source

• DMAs linked together via global Fiber Optic Network

• Deploy in minutes

Exchange

on Demand:

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Key Competitive Advantage: Global and Easy Access

PRODUCTS ULL - Hardware Acceleration CONSOLIDATED Feed SNAPSHOT FEED – WEB

TECHNOLOGY FPGA – HW acceleration - SW SW SW

LATENCY & SPEED < 1 ms (micro sec level) < 100 - 200 ms > 1 sec or delayed

SLA (SPEED, AVAILABILITY, RESILIENCY)

YES YES NO

NAME QuantFEED QuantFEED Consolidated SnapFEED

TARGET MARKET Clients using

Automated Trading Models Used across enterprise @ tier1 & regional banks,

Trading Screens - Market Data screens (GUI's) Website including Bank intranet or online

Brokers

VALUE PROP All the Ticks for Algo Trading - DMA with Colo - ULL - State of the Art - Technology

including FPGA

Ability to easily subscribe to instruments across mutiple exchanges, global Data Coverage - Trading

Quality inluding Conflation - Designed for the Trading screens - High Performance

Designed for Web Site

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QuantHouse Feedhandler: CME FAST market data internal processing time – LESS THAN 9 microseconds

Key Competitive Advantage: Low Latency Market Data Decoding Time Ex

chan

ge M

ess

age

Vo

lum

e

Qu

antH

ou

se In

tern

al

Pro

cess

ing

Tim

e

~6.5 microsecond constant processing time

■ QuantHouse Feedhandlers are able to perform consistently even with spikes in volume

■ As shown below, QuantHouse maintained a constant processing time despite market volume peaks

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Key competitive advantage : Data Quality

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Key Competitive Advantage: Global and Easy Access

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Benefits

• Need for TCO rationalization

• Simplification requirements for accessing market data sources

•Get ready for Next Generation Automated Trading Tools

The Business Cases

• Almost Zero Touch existing infrastructure

• Secure and Compliant

• Cost Effective with rapid “quick wins”

• Open API Standards

• Greater Access to Vendors and Markets

• First step to phase out existing Legacy Technologies

• Continuous Technology improvement as powered by QuantFEED

The Benefits

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QuantHouse Inc. 55 Water Street, 44th floor

New York, NY 10041 US

Tel: +1 (212) 438 4346

130 East Randolph One

Prudential Plaza, suite 2900

Chicago, IL 60601 US

Tel: +1 (312) 233 7129

QuantHouse / FR. 52 Rue de la Victoire

75009 Paris FRANCE

Tel: +33 (0) 1 73 02 32 11

QuantHouse / UK. 10 Foster Lane

London EC2V 6HR UK

Tel: +44 (0) 203 107 1676

Learn more at

www.quanthouse.com

www.spcapitaliq.com