QuantHouse bought by S&P Capital IQ
First Published 3rd April 2012
QuantHouse purchase to enable integrated low-latency feed for all S&P Capital IQ data
New York - S&P Capital IQ the provider of multi-asset class data solutions, market research and portfolio risk analytics has announced that it has acquired QuantHouse.
"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. 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," said Lou Eccleston, President of S&P Capital IQ and S&P Indices. "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."
"We are very excited to be a part of S&P Capital IQ," said Pierre-Francois Filet, chairman and co-founder, QuantHouse. "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 IQ's competitive positioning."
This purchase, along with the recently announced acquisition of R2 Financial Technologies and the expected acquisition of CMA later this year, aims to provide S&P Capital IQ with the components necessary to offer its clients comprehensive market data and risk analytics platforms.
Following the acquisition, QuantHouse's 90 employees, based in Paris, London and New York, will become a critical component to S&P Capital IQ's growth strategy as part of the Enterprise Solutions unit. In the short term, its products and services will continue to be sold as standalone feeds and applications, although all S&P Capital IQ and S&P Indices content will gradually be consolidated into QuantHouse feeds.