S&P sells QuantHouse to original founder
S&P Global is selling trading solutions provider QuantHouse to one of its original founders, Pierre Feligioni.
The business was purchased by S&P in early spring 2012.
QuantHouse offers ultra-low latency market data, algo trading development frameworks, proximity hosting and order routing to hedge funds, market makers, proprietary desks, brokers and sell-side firms.
“The time is right for QuantHouse to regain focus and flexibility to exploit growing market opportunities in North America, Europe and Asia,” Feligioni states.
“Feligioni’s extensive familiarity with QuantHouse provides the business and its employees with the best opportunity to invest in product enhancements,” says S&P Global Market Intelligence president, Mike Chinn.
Shedding QuantHouse will free S&P “to focus its resources on growth opportunities that most closely align with our vision”, Chinn adds.