Man vs Machine: Coping with the Changing Face of Financial Technology. Pierre FELIGIONI Head of Real Time Product Strategy S&P Capital IQ

Transcription

1 Man vs Machine: Coping with the Changing Face of Financial Technology Pierre FELIGIONI Head of Real Time Product Strategy S&P Capital IQ

2 Time Of Change : from Human Based Trading to Automated Trading and POP Design QuantHouse is part of S&P Capital IQ, next generation provider of trading infrastructure, software and services that include ultra low-latency market data software, proximity hosting and order routing infrastructure and development and back-testing software Commercially launched in 2006 and headquartered in Paris with sales offices in London, New York and Asia; currently has over 125 employees Serves 130+ clients today including buy-side firms, sell-side firms and exchanges and has a growing number of technology and distribution partnerships, Technology is used by the most demanding clients in the world and is based on highly proprietary, robust, portable and flexible middleware specifically built for low latency, high throughput functionality key competitive advantage in the market 19 global data centers,80+ direct exchange connections and 110+ total exchange market data feeds

3 End-to-End Advanced Trading Solutions for Electronic Traders

4 QuantHouse is the Leading Provider of Low Latency Technology Solutions QuantHouse is at the forefront of the technological arms race allowing users of its solutions to gain a competitive advantage by achieving better, faster and more efficient execution Live Production / Analysis Data Capture Low Latency Market Data Feed QuantFEED Software that manages low latency market data to meet the changing environment given increased fragmentation and message volumes Back Testing / Alpha Discovery Data Normalization Low Latency Trading Infrastructure QuantLINK Alpha Generation Platform QuantFACTORY Hosting and Network Infrastructure that allows buy and sell-side trading firms to keep up with low latency market demands Software that allows quant traders to spend more time on their core focus, developing alpha generating models, rather than developing tools Strategy Development Ultra Low Latency Order Routing Proximity Hosting Proprietary Fiber Optic Network Ultra Low Latency Market Data Data Dissemination

5 Key Competitive Advantage: Fully Managed Solution Exchange on Demand: Access on Demand End-to-End Managed Solution Market Data from the Source DMAs linked together via global Fiber Optic Network Deploy in minutes Shared HW infrastructure Managed up through the OS Easy Access through Financial Connectivity providers Deploy in days End-to-End management Tailored to Financial Institutions needs 24x7 Global Support

6 Key Competitive Advantage: Global and Easy Access PRODUCTS ULL - Hardware Acceleration CONSOLIDATED Feed SNAPSHOT FEED WEB TECHNOLOGY FPGA HW acceleration - SW SW SW LATENCY & SPEED < 1 ms (micro sec level) < ms > 1 sec or delayed SLA (SPEED, AVAILABILITY, RESILIENCY) YES YES NO NAME QuantFEED QuantFEED Consolidated SnapFEED TARGET MARKET Clients using Automated Trading Models Used across tier1 & regional banks, Trading Screens - Market Data screens (GUI's) Website including Bank intranet or online Brokers VALUE PROP All the Ticks for Algo Trading - DMA with Colo - ULL - State of the Art - Technology including FPGA Ability to easily subscribe to instruments across mutiple exchanges, global Data Coverage - Trading Quality inluding Conflation - Designed for the Trading screens - High Performance Designed for Web Site

7 QuantHouse Internal Processing Time Exchange Message Volume Key Competitive Advantage: Low Latency Market Data Decoding Time QuantHouse Feedhandler: CME FAST market data internal processing time LESS THAN 9 microseconds QuantHouse Feedhandlers are able to perform consistently even with spikes in volume As shown below, QuantHouse maintained a constant processing time despite market volume peaks ~6.5 microsecond constant processing time

8 Key competitive advantage : Data Quality

9 Key Competitive Advantage: Global and Easy Access

10 Benefits The Business Cases The Benefits Need for TCO rationalization Simplification requirements for accessing market data sources Almost Zero Touch existing infrastructure Secure and Compliant Cost Effective with rapid quick wins Open API Standards Greater Access to Vendors and Markets Get ready for Next Generation Automated Trading Tools First step to phase out existing Legacy Technologies Continuous Technology improvement as powered by QuantFEED

11 QuantHouse Inc. 55 Water Street, 44 th floor New York, NY US Tel: +1 (212) QuantHouse / FR. 52 Rue de la Victoire Paris FRANCE Tel: +33 (0) QuantHouse / UK. 10 Foster Lane London EC2V 6HR UK Tel: +44 (0) East Randolph One Prudential Plaza, suite 2900 Chicago, IL US Tel: +1 (312) Learn more at