Iress has launched a dedicated team for API Data and Trading Solutions in order to support strong demand for market data and infrastructure solutions.
The creation of the API Data and Trading Solutions team completes the integration of the QuantHouse business, acquired in May 2019.
API data and cloud services are a growing trend within the trading industry as 67% of sell side firms consume cloud-deployed market data and 88% plan to consume more in the coming year, according to a Google survey.
As to the buy side, 90% of surveyed firms consume cloud-deployed market data today, and 70% plan to increase that in the next 12 months.
The product set offered by Iress includes market data feed API solutions, data products, and infrastructure and connectivity.
“We are delighted to announce the launch of our new API Data and Trading Solutions Team. Our combined expertise helps us better answer the demands of clients and will bring more breadth and capabilities to our proposition”, said Iress’ general manager – commercial, Iress API Data and Trading Solutions, Arthur Tricoire. “We now offer a comprehensive suite of trading data solutions, coupled with managed services, to provide end-to-end trading solutions either on-prem or on cloud platforms. These capabilities, together with our focused global team, puts us in a strong position to respond to fast evolving requirements in today’s volatile markets, where timeliness means opportunity.
“As part of our commitment to deliver for our clients, we will continue to stay ahead of market trends through constant reinvestment and future-proofing of our products and systems. We are confident that current and prospective clients alike will find value in our expanded capabilities and our ability to help them perform at their best”, Tricoire added.
The dedicated team will support the existing Iress products, including the QuantFEED low latency data platform, historical data on-demand, reference data & analytics, and managed hosting and connectivity solutions.
In October, Arthur Tricoire was appointed as General Manager, Commercial, and Sebastien Tiphine’s moved to Head of Products. As to the CEO and co-founder Pierre Feligioni, he left QuantHouse/Iress to pursue new ventures.
The provider of market data feeds and infrastructure services will continue to execute on behalf of over 500 global clients through closer alignment with Iress.
The leadership team will be instrumental in developing opportunities within the wider Iress ecosystem, as the firm continues its strategy to accelerate growth.
QuantHouse also announced other key management roles, including the appointment of Denery Fenouil as Head of Engineering, Anna Pesman as Head of Client Services, and Salloum Abousaleh as Managing Director – Americas.
QuantHouse and Iress assist hedge funds, market makers, investment banks, brokers, and other trading venues to achieve optimal trading performance, and gain access to rich datasets, together with ultra-low latency built on a global infrastructure.
IRESS first announced the acquisition of QuantHouse in May 2019. IRESS is a publicly listed company on the Australian Securities Exchange, employing thousands across the UK, South Africa, Canada, Australia, New Zealand, and Asia.
QuantHouse operates internationally, with a focus on Europe, North America, and Asia, providing more than 145 data feeds from exchanges and other data providers to clients globally.
