FastMatch's 'FX Tape' Available on QuantHouse API Ecosystem

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

QuantHouse

FastMatch’s ‘FX Tape’ Available on QuantHouse API Ecosystem

March 1, 2019

FastMatch

FastMatch’s consolidated central market data product FX Tape, making pre- and post-trade benchmarking possible for the first time, was made available on the QuantHouse API Ecosystem store.

QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform, and infrastructure solutions, has opened its doors to Euronext’s FastMatch FX Tape as part of the QuantFeed product that normalizes and disseminates market data for more than 140 feeds.

Delivering a reference point for executed trades in the spot FX market, FX Tape provides post-trade transparency in one of the largest asset classes in the world by including transactions from a wide variety of market participants and sources, such as FastMatch’s ECN.

Pierre Feligioni, CEO and Co-founder, QuantHouse
Pierre Feligioni

Pierre Feligioni, CEO and Co-founder at QuantHouse, commented: “Whether you sit on the buy-side or sell-side, anyone who trades FX will benefit from being able to access the FastMatch FX tape. We commend FastMatch for looking to create the first consolidated tape for the FX market and are delighted to be able to help expand their reach through our API global community of users.”

Kevin Wolf, CEO, FastMatch
Kevin Wolf

Kevin Wolf, Chief Executive Officer at FastMatch, said: “FastMatch’s FX Tape makes post-trade information for the spot market accessible to everyone as we deliver transaction information from a broad range of sources. FastMatch experienced heightened interest in the FX Tape recently from several Central Banks following the January 2019 USDJPY flash crash which validates the value of an independent reference point in the market. We anticipate that QuantHouse will act as a complementary channel for those wishing to access the FX Tape in addition to our suite of Spot FX Market Data products.”

The QuantHouse API Ecosystem already connects to more than 300+ buy-side firms and investment banks using solutions provided by buy and sell-side firms, execution venues and technology partners.
CMC Markets joined QuantHouse’s qh API Ecosystem in March 2018 to allow easier access to CMC execution services by hedge fund and brokerage clients in more than 22 financial data centers.
In October 2017, Horizon Software made the news after reaching an agreement with QuantHouse to benefit from its global reach and end-to-end performance.
QuantHouse added Actant’s derivative trading solutions to its API in August 2018, facilitating customers’ access to its algorithmic programming flexibility and control for proprietary trading firms, market makers, investment banks and hedge funds.
In 2017, Euronext acquired circa 90% interest in FastMatch for an initial cash consideration of $153 million, a contingent earn-out payment for an additional $10 million and customary minority rights for the management of FastMatch that will remain committed to the development of the business and stay invested with a c.10% interest.

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