QuantHouse, a provider of end-to-end systematic trading services announced that SGAM Alternative Investments (SGAM AI), a wholly-owned subsidiary of Societe Generale Asset Management, has selected QuantFACTORY, the QuantHouse.NET trading strategies development framework to develop, back-test and execute trading models.
With 41.8bn in assets under management as at 31 March 2008 and 398 employees worldwide, SGAM Alternative Investments has developed successfully by combining active asset management processes with a capital market culture that mixes innovation and risk management
QuantFACTORY products offers a complete set of tools for quantitative trading strategies development and automation for hedge funds and institutional program trading companies. Based on a .NET framework, it allows financial firms to rationalise trading strategies and development cycle by using an Integrated Development Environment (IDE) across the research-development-back testing-execution cycle.
“We are delighted to have the opportunity to work with one of the main alternative investment firms of the financial community. This additional QuantFACTORY success shows the excellence of QuantHouse technology and the high level of commitment of our entire staff,” says Pierre Feligioni, CEO and founder, Quant House.
“It is imperative that trading tools used to develop, fine tune and execute trading models are state of the art. Reliability, time to market and financial performance are key success factors for us. By using QuantFACTORY, we have significantly reduced the time to market and improved our productivity as we concentrate our teams on our core businesses ie, trading model development and execution,” says Arnaud Chretien, head of global CTA, SGAM.
“The transition between screen based trading to systematic trading technologies is happening at an even faster pace now. With this new success involving QuantFACTORY, we again demonstrate that leading edge financial firms are focusing their business teams on their core business rather than developing technology internally,” says Stephane Leroy, head of global sales and marketing, Quant House.