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Foreign Exchange

QuantHouse offers co-location to CME Group

QuantHouse, the specialist provider of buy-side trading technology, has set up co-location and direct market access services within CME Group’s recently opened co-location facility in Aurora, Illinois, the company said in a statement.

Take-up of the service allows systematic trading firms to benefit from close proximity to the CME Globex match engine and direct access to the exchange’s liquidity centre. CME launched live trading in the co-location centre, situated outside Chicago, at the end of last month, to provide the lowest latency connectivity possible for all products traded on the CME Globex platform.

“CME Group’s data-centre offering was the next logical step for us in providing enhanced market data and the lowest latency possible when accessing the US market and therefore addressing client demand from around the globe,” says Pierre Feligioni, COO at QuantHouse.

The move follows QuantHouse’s introduction of a direct feed into Hotspot FX, announced last month, as part of the group’s plans to expand into foreign exchange.

Feligioni said the decision to extend its technology into the FX market comes as more of the firm’s existing clients – made up of buy-side algorithmic and high-frequency traders in equity and derivative markets – have moved into currency trading, attracted by the depth of liquidity.

The trend for co-location services, particularly in the US, has vastly increased in recent years due to the growth of low latency trading internationally. Exchange operators, including NYSE Euronext, Nasdaq and, most recently, CME Group, have all opened data centres, to meet client demands for ultra-fast data feeds and trading.

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