Industry Partners Join Forces; Help Banks with Trading Technology Challenges

London - 31 October 2012

Initiative called Leading in a Time of Change

QuantHouse, a part of S&P Capital IQ, Interxion, GreySpark Partners and TMX Atrium have joined forces to launch a new consortium, which leverages their knowledge and experience of the sell-side community to address the various challenges facing the industry.

Stephane Leroy, Head of Sales and Marketing at QuantHouse, part of S&P Capital IQ commented: “There has been an on-going revolution in trading since the first exchanges went fully electronic more than a decade ago. New technologies have emerged offering lower cost of ownership and simplified implementation allowing early adopters to reap the benefits of this technological change.”

The recent effects of regulatory changes, the global crisis, technology’s rapid evolution and new trading needs are forcing the financial community to accelerate technological development. Today, banks are under pressure to make the necessary changes to their trading technology capabilities, as they have yet to realise the benefits of these new solutions.

The four businesses will provide advice and solutions to solve common challenges in a matter of months, not years. A series of joint programmes have been developed in order to obtain quick and visible financial gains as a response to the challenges presented by moving away from the legacy environment.

By combining a multitude of different strengths and skills, the team of experts will release an actionable initiative per quarter, aimed at boosting performance and reducing budget.

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