Market software provider Iress has created an API data and trading solutions team to help support increased demand for market data and infrastructure solutions.
The new global team acts as the final step in the integration of the QuantHouse business with Iress’s existing market data capabilities, following the acquisition in May 2019.
This follows an update in QuantHouse’s leadership team amid its integration into Iress, which saw Arthur Tricoire and Sebastien Tiphine appointed as general manager for its global commercial business and head of products, respectively.
Financial services firms have increasingly begun to adopt API data and cloud services at pace. A recent study from Google found that 67% of surveyed sell-side firms consume cloud-deployed market data, while 88% intend to consume more in the coming year.
The survey found that buy-side firms have an even higher rate, with 90% of surveyed firms consuming cloud-deployed market data today, with 70% intending to increase that in the next year.
Iress’s new API data and trading solutions team has been created to support these firms and help them take advantage of the transition.
Iress’s product set offering includes market data feed API solutions such as the QuantFEED low latency data platform; data products such as historical data on-demand, reference data and analytics; and infrastructure and connectivity such as managed hosting and connectivity solutions.
“We now offer a comprehensive suite of trading data solutions, coupled with managed services, to provide end-to-end trading solutions either on-prem or on cloud platforms. These capabilities, together with our focused global team, puts us in a strong position to respond to fast evolving requirements in today’s volatile markets, where timeliness means opportunity,” said Tricoire.
“As part of our commitment to deliver for our clients, we will continue to stay ahead of market trends through constant reinvestment and future-proofing of our products and systems. We are confident that current and prospective clients alike will find value in our expanded capabilities and our ability to help them perform at their best.”