(WEB HOST INDUSTRY REVIEW) — Market trading information solutions provider QuantHouse (www.quanthouse.com) has expanded its operations with network-neutral data center and Internet exchange services provider Switch and Data (www.switchanddata.com) at its New York facility for its low-latency market data platform.
According to Swith and Data’s announcement this week, its 111 8th Avenue data center site is the base for QuantHouse’s QuantFEED application programming interface, which provides reliable, sub-millisecond access to area financial firms. It also offers access to QuantLINK, QuantHouse’s proprietary fiber optic network, which interconnects the exchanges with proximity hosting at the source.
Providing customers with high-volume, low-latency data center solutions, Switch and Data launched its financial services division in March to help pre- and post-trade service providers (the “buy side,” and “sell side” communities) scale their operations for rising daily US equities trade volumes, which have been known to surpass 13 billion.
“Proximity to the US 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,” QuantHouse head of global sales and marketing Stephane Leroy said in a statement. “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 New York data center houses hundreds of fiber providers, carriers, managed service providers and financial Extranets, offering robust interconnections that link customers directly to equities, options, futures and currency markets across North America.
Switch and Data financial services practice vice president John Panzica said that given current trade volumes, fast and reliable data services become increasingly important. “Low-latency market data solutions are vital to any firm’s trading strategy,” Panzica said in a statement. “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.”
