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QuantHouse On-Boards Fenics USTreasuries

Traders Magazine Online News, February 21, 2019

John D'Antona Jr.

QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, announced direct access to the Fenics USTreasuries (“Fenics UST”) platform through the FeedOS API and QuantLINK global network.

Fenics UST is a fully electronic US Government securities trading venue owned and operated by BGC Financial, L.P. Fenics UST provides buy-side participants with access to cash treasuries via two electronic marketplaces: a Central Limit Order Book designed for low latency quantitative and systematic traders and a “Block Book” designed for large institutional investors. Operating 23 hours a day, the Fenics UST platform improves transparency and minimizes execution costs by reducing tick sizes down to 1/16 of a thirty-second, allowing Fenics UST to provide tighter bid-ask spreads. 

QuantHouse’s buy-side clients now have quick and streamlined access to normalized real-time and historical data to trade the US cash treasuries market. QuantHouse’s data normalization and global infrastructure connects clients to Fenics UST and more than 145 exchanges from any point of presence, in one protocol, through one API.  

Salloum Abousaleh, Managing Director, Americas, said, “Much like other asset classes, the US cash treasuries market is moving towards more electronically traded products. Fenics UST provides a new source of rich data and an entry point into the world of USTs, opening up a previously inaccessible market to today’s buy-side participants who require greater transparency and robustness. These technology-savvy investors value data quality, streamlined integration and speed, which our two organizations strive to provide.”

Rich Winter, Senior Managing Director, Fenics USTreasuries, comments, “Fenics USTreasuries is pleased to be connected to QuantHouse’s market-leading offering. The global reach of QuantHouse’s platform and delivery of state-of-the-art data and API functionality enhances Fenics UST’s offering of fully electronic global access to the US cash treasuries market for all institutional traders. Our newly launched joint initiative will help to modernize the trading experience for all players in the cash UST marketplace.” 




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