S&P Capital IQ has acquired QuantHouse, an independent global provider of market data and end-to-end systematic trading solutions. Terms of the deal were not disclosed.
S&P Capital IQ is a division of The McGraw-Hill Companies offering global multi-asset class data solutions, market research and portfolio risk analytics to global investors. The firm has been buying businessesincluding the recently announced acquisition of R2 Financial Technologies and the expected acquisition of CMA later this yearthat it says it will combine to provide clients with comprehensive market data and risk analytics platforms.
QuantHouses 90 employees, based in Paris, London and New York, will join S&P Capital IQs global growth strategy as part of its Enterprise Solutions unit. For now, its products and services will continue to be sold as stand-alone feeds and applications, but in the future all S&P Capital IQ and S&P Indices content will be gradually consolidated into QuantHouse feeds.
The acquisition of QuantHouse will provide our clients with access to exchange pricing globally, including securities valuations and portfolio analytics, throughout all our desktop and enterprise solutions, says Lou Eccleston, president of S&P Capital IQ and S&P Indices. In addition, the extensive capabilities QuantHouse brings will enable S&P Capital IQ to build our own unique real-time monitors, derived data sets and analytics. As the foundation for our growing Enterprise Solutions business, QuantHouse will enable us to offer one integrated low-latency feed for all our data, including fundamental, fixed-income, equity and derivatives.”
Pierre-Francois Filet, chairman and co-founder of QuantHouse, adds: We are very excited to be a part of S&P Capital IQ. Together, we can focus on developing a new generation of alpha-generation tools, low-latency transaction infrastructure and integrated low-latency data feeds to maximize offerings and strengthen S&P Capital IQs competitive positioning.
(CG)