18 February 2013
London
Reporter: Georgina Lavers
Securities Lending default image
BCS’ prime brokerage division chooses QuantHouse
Trading solutions provider QuantHouse has partnered up with the European arm of Russian financial institution BCS Financial Group to launch low latency market data for MICEX-RTS, Russia’s main equity market.

In addition, BCS will be using QuantHouse’s trading infrastructure and algo-trading development tools.

“There is an established and long-term demand among European buy-side firms, hedge funds and specialist trading firms to access the Russian market,” said a statement from QuantHouse.

“Coupled with this, is the increasing investment in smart and cost-effective technology to exploit arbitrage opportunities that exist between the prices of securities listed on multiple venues."

“As a result of the MICEX-RTS merger, there is an even greater demand for faster and more efficient trade flows in Russia,” said Nils Jahn, head of Prime Brokerage and CRM at BCS.

“Against a backdrop of under-developed electronic trading for financial firms within the country, BCS has been at the forefront of adopting innovative products to keep both our clients and ourselves ahead of the curve. Our business has had a very successful few months in which we climbed to first position on MICEX, are now in the top three on the local FX market SELT and are in the top three on FORTS, with a strong positive trend upwards.”

QuantFEED, a data feed that delivers normalised data through a single API, seeks to open up Russian securities to a broader investor audience, with global participants being able to get Russian data through a consolidated feed.

In conjunction with this, QuantLINK provides the trading infrastructure, and QuantFACTORY aims to optimise each step of the automated trading development cycle, from data acquisition to alpha discovery and from back-testing to production.

“QuantHouse supplies vital tools for brokers, which facilitate access to fresh markets and enable the identification of new opportunities,” added Stephane Leroy, vice president and head of global real time solutions at S&P Capital IQ. “We understand that maintaining pace with competitors is key to the survival of financial firms, who are regularly limited from providing a complete offering to latency-sensitive clients by outmoded technology. Our solutions eliminate these shortfalls.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Delta Capita acquires Appendium
27 April 2017 | London | Reporter: Mark Dugdale
Business and technology consultancy Delta Capita has acquired Appendium as it gears up to launch a securities finance utility later this year
Squawker launches equity finance platform
27 April 2017 | London | Reporter: Mark Dugdale
The new platform provides a central hub for European equity finance participants to bring the execution of their equity hedge trades on-exchange. Squawker said six investment banks are participating
Borrowers becoming increasingly picky
26 April 2017 | London | Reporter: Drew Nicol
Risk-weighted asset ratings under Basel III are dictating the attractiveness of lenders’ assets, heard attendees of the Finadium Investors in Securities Lending Conference in London
Tesla may finally break its shorting cycle
26 April 2017 | London | Reporter: Drew Nicol
Short sellers have been consistently closing positions, reducing their exposure to Tesla by some 16 percent, since 20 March
State Street taps Sporn for enhanced custody team
26 April 2017 | New York | Reporter: Drew Nicol
Sporn brings 15 years of securities lending experience to State Street’s enhanced custody team
New faces on DTCC board of directors
25 April 2017 | New York | Reporter: Stephanie Palmer
DTCC has appointed four new members to its board of directors
NEX Group pairs ENSO and RSRCHX for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive