Quant House is a provider of end-to-end program trading solutions including low latency market data technologies, trading strategies development framework, execution engine, proximity hosting facilities in Chicago, New York, London, Paris and Frankfurt and fiber optic network services in order to help program trading firms to trade ahead.
Relying on the SybaseÂ® IQ analytics server, Quant House will deliver a next generation leading edge solution to enable back testing on-demand with full access to resources, including market replay servers and market data repository.
âWith this new announcement, we are pioneering a new way to perform back testing allowing clients to leverage Quant House worldwide fiber optic networks and hosting facilities together with Sybaseâs proven storage and messaging technology which powers already 90 percent of the world's securities firms and 60 percent of its banks â said Pierre-FranÃ§ois Filet, CEO & co-founder of Quant House.
âBy enabling financial services organizations to manage back testing on virtually any set of real-time and historic market data, the combination of Sybase and Quant House offers a cutting- edge trading solution to financial services organizations,â added Steve Shine, vice president and general manager of Europe, Middle East and Africa for Sybase, Inc. âCentral to this offering will be the ability for the financial organizations to increase competitive position in the market and continue to see ROI at an exceptionally low total cost of ownership. Sybase is very pleased to work with Quant House to deliver the vision of trading strategies back testing on demand."
StÃ©phane Leroy, Head of Global Sales and Marketing at Quant House, concluded :
âAlgorithmic/quantitative trading strategies back testing are central to financial institutions using program trading technologies. The strategies require model developers to increasingly back-test and regression-test larger data sets to develop robust models and huge IT investments to maintain accurate market data. By freeing up time and labor tasks, associated with this demanding environment, firms are enabled to focus on core businessâ.