New York-based quantitative hedge fund manager Thor Asset Management USA, LLC selects QuantHouse low latency solutions for US and European futures markets

1 December 2008

QuantHouse, the leading global provider of end-to-end systematic trading solutions today announced that Thor Asset Management USA, LLC, a leading New York-based quantitative hedge fund manager, has selected its QuantFEED low latency market data feeds to trade on US and European markets.

QuantFEED, the QuantHouse ultra low latency market data solution, leverages QuantHouse feed handler technology, co-located within the exchange, written in C++ with a multi-threaded design and running on Linux.

The QuantHouse worldwide proprietary fiber optic network interconnects the heart of the exchanges in Chicago, New York, London, Paris and Frankfurt for ultimate trading performance. Commenting on the announcement, Pierre-François Filet, CEO & co-Founder of QuantHouse, said,

“Leading edge buy side firms rely on high performance systematic trading technologies to optimize their trading business performance. This new success clearly shows that QuantHouse is one of the dominant global independent providers of low latency trading technologies”. Alexei Chekhlov, Head of Research at Thor Asset Management USA, LLC added:

“For Thor Asset Management USA, LLC, employing the fastest real-time quotes is imperative for minimizing the execution slippage. The QuantHouse QuantFEED technology delivers us the fastest real-time quotes among many of quote providers that we have researched, allowing us to be and stay very competitive in the area of high-frequency quantitative tradin.” Stéphane Leroy, Head of Global Sales and Marketing at QuantHouse, concluded:

"More and more of the US-based hedge funds turn to Europe to leverage present opportunities. We are working with a growing number of US firms and we are delighted by this new success which confirms our global positioning.”

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