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Foreign Exchange

QuantHouse extends sub-millisecond connectivity to HotSpot FX

QuantHouse, the specialist provider of buy-side trading technology, has introduced a sub-millisecond direct feed to Hotspot FX, the first of several low-latency trading connections to FX liquidity pools, the company tells EuromoneyFXNews.

The QuantHouse direct connection is located in close proximity to Hotspot’s trading engine, in New Jersey, allowing clients to use ultra-low latency connectivity to Hotspot FX’s trading applications. In addition to having direct connectivity to Hotspot’s liquidity pool, QuantHouse’s market data tool, QuantFEED, provides users with normalised market data in a matter of micro-seconds. The feed first captures raw data from the exchange, normalises it and then consolidates this with data from other liquidity pools at the fastest speeds available.

PierreFeligioni, chief executive at QuantHouse, said the decision to extend their technology into the FX market comes as more and more of the firm’s existing clients – made up of buy-side algorithmic and high-frequency traders in equity and derivative markets – have decided to move into the FX .

“The vast liquidity pool in the FX market offers new arbitrage opportunities and allows systematic traders the ability to pursue diversified trading strategies across markets,” said Feligioni. “QuantHouse’s technology allows them to do this with better execution and reduced costs.”

Feligioni said QuantHouse plan to extend low-latency direct feeds to other leading FX ECNs very soon and in coming months aim to provide connectivity to an aggregation of the main bank liquidity, providing clients with access to the full breadth of the FX market at ultra fast speeds.

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