FlexTrade Systems, a global leader in multi-asset execution and order management systems, has integrated QuantHouse’s QuantFEED Solutions for market data into the FlexONE OEMS.
The newly certified FlexONE integration with QuantHouse is a complete single-source front-end buy-side service offering that provides the “direct to data” connectivity that portfolio managers and traders need to make more informed trading decisions and stay competitive in today’s marketplace.
QuantFEED Solutions deliver high quality market data for 145-plus sources with an unmatched level of performance and quality of normalisation. QuantFEED premium architectures address market data requirements: referential data, EOD, historical data-on-demand, European or National Best Bid and Offer, and more. All requirements are accessible through the single FeedOS API.
Magnetar, an Evanston, Illinois-based alternative investment firm with USD12.9 billion in AUM as of January 1, 2021, was first to implement the integrated solution, and worked closely with FlexTrade and QuantHouse on interface usability.
Aaron Levine, Vice President, OEMS solutions at FlexTrade, says: “We are excited to announce our certification and go-live of QuantHouse market data for our buy-side OEMS solution, FlexONE. As a data agnostic trading systems provider, we are extremely excited to integrate with a best of breed trading and data services provider.”
Salloum Abousaleh, Managing Director, Americas, QuantHouse, says: “QuantHouse is excited to expand our offering through the FlexONE OEMS, which provides innovative buy-side clients like Magnetar access to our full range of data sources within a fully-integrated OMS. This is one more example of how we leverage our expertise in market data delivery and bespoke infrastructure to enable large buy-side institutions to move away from legacy solutions.”
Ernie Rogers, Chief Operating Officer and Chief Financial Officer at Magnetar, says: “We’re proud to be the first to implement QuantHouse and FlexTrade’s best-in-class joint offering and enjoyed collaborating with their teams on what the integrated solution could look like. The combined power of QuantFEED Solutions for market data with the FlexONE OEMS has given Magnetar an edge, optimising executions and data consumption in one user-friendly platform.”
Levine adds: “Our clients employ sophisticated trading strategies and operate in a trading environment that is both complex and demanding. Working with the Magnetar and QuantHouse teams’ was a pleasure, as they also share the same passion for technology and innovation as FlexTrade.”
