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.”

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