Man vs Machine: Coping with the Changing Face of Financial Technology 
Pierre FELIGIONI Head of Real Time Product Strategy S&P Capital IQ
Time Of Change : from Human Based Trading to Automated Trading and POP Design 
QuantHouse is part of S&P Capital IQ, next generation provider of trading infrastructure, software and services that include ultra low-latency market data software, proximity hosting and order routing infrastructure and development and back-testing software 
■Commercially launched in 2006 and headquartered in Paris with sales offices in London, New York and Asia; currently has over 125 employees 
■Serves 130+ clients today including buy-side firms, sell-side firms and exchanges and has a growing number of technology and distribution partnerships, 
■Technology is used by the most demanding clients in the world and is based on highly proprietary, robust, portable and flexible middleware specifically built for low latency, high throughput functionality – key competitive advantage in the market 
■19 global data centers,80+ direct exchange connections and 110+ total exchange market data feeds
End-to-End Advanced Trading Solutions for Electronic Traders
QuantFEED 
QuantLINK 
QuantFACTORY 
Low Latency 
Market Data Feed 
Alpha Generation Platform 
Low Latency Trading Infrastructure 
Software that manages low latency market data to meet the changing environment given increased fragmentation and message volumes 
Hosting and Network Infrastructure that allows buy and sell-side trading firms to keep up with low latency market demands 
Software that allows quant traders to spend more time on their core focus, developing alpha generating models, rather than developing tools 
QuantHouse is at the forefront of the technological arms race allowing users of its solutions to gain a competitive advantage by achieving better, faster and more efficient execution 
Proprietary Fiber 
Optic Network 
Live Production / Analysis 
Back Testing / Alpha Discovery 
Strategy Development 
Ultra Low 
Latency Order 
Routing 
Data Capture 
Ultra Low 
Latency Market 
Data 
Proximity 
Hosting 
Data Normalization 
Normalization 
Data Dissemination 
QuantHouse is the Leading Provider of Low Latency Technology Solutions
Key Competitive Advantage: Fully Managed Solution 
•Shared HW infrastructure 
•Managed up through the OS 
•Easy Access through Financial Connectivity providers 
•Deploy in days 
Access on Demand 
•End-to-End management 
•Tailored to Financial Institutions needs 
•24x7 Global Support 
End-to-End 
Managed Solution 
•Market Data from the Source 
•DMAs linked together via global Fiber Optic Network 
•Deploy in minutes 
Exchange 
on Demand:
Key Competitive Advantage: Global and Easy Access 
PRODUCTS 
ULL - Hardware Acceleration 
CONSOLIDATED Feed 
SNAPSHOT FEED – WEB 
TECHNOLOGY 
FPGA – HW acceleration - SW 
SW 
SW 
LATENCY & SPEED 
< 1 ms (micro sec level) 
< 100 - 200 ms 
> 1 sec or delayed 
SLA (SPEED, AVAILABILITY, RESILIENCY) 
YES 
YES 
NO 
NAME 
QuantFEED 
QuantFEED Consolidated 
SnapFEED 
TARGET MARKET 
Clients using 
Automated Trading Models 
Used across enterprise @ tier1 & regional banks, Trading Screens - Market Data screens (GUI's) 
Website including Bank intranet or online Brokers 
VALUE PROP 
All the Ticks for Algo Trading - DMA with Colo - ULL - State of the Art - Technology including FPGA 
Ability to easily subscribe to instruments across mutiple exchanges, global Data Coverage - Trading Quality inluding Conflation - Designed for the Trading screens - High Performance 
Designed for Web Site
QuantHouse Feedhandler: CME FAST market data internal processing time – LESS THAN 9 microseconds 
Key Competitive Advantage: Low Latency Market Data Decoding Time 
Exchange Message Volume 
QuantHouse Internal 
Processing Time 
~6.5 microsecond constant processing time 
■QuantHouse Feedhandlers are able to perform consistently even with spikes in volume 
■As shown below, QuantHouse maintained a constant processing time despite market volume peaks
Key competitive advantage : Data Quality
Key Competitive Advantage: Global and Easy Access
Benefits 
• Need for TCO rationalization 
• Simplification requirements for accessing market data sources 
•Get ready for Next Generation Automated Trading Tools 
The Business Cases 
•Almost Zero Touch existing infrastructure 
•Secure and Compliant 
•Cost Effective with rapid “quick wins” 
•Open API Standards 
•Greater Access to Vendors and Markets 
•First step to phase out existing Legacy Technologies 
•Continuous Technology improvement as powered by QuantFEED 
The Benefits
QuantHouse Inc. 
55 Water Street, 44th floor 
New York, NY 10041 US 
Tel: +1 (212) 438 4346 
130 East Randolph One 
Prudential Plaza, suite 2900 
Chicago, IL 60601 US 
Tel: +1 (312) 233 7129 
QuantHouse / FR. 
52 Rue de la Victoire 
75009 Paris FRANCE 
Tel: +33 (0) 1 73 02 32 11 
QuantHouse / UK. 
10 Foster Lane 
London EC2V 6HR UK 
Tel: +44 (0) 203 107 1676 
Learn more at 
www.quanthouse.com 
www.spcapitaliq.com

QuantHouse - Man vs Machine

  • 1.
    Man vs Machine:Coping with the Changing Face of Financial Technology Pierre FELIGIONI Head of Real Time Product Strategy S&P Capital IQ
  • 2.
    Time Of Change: from Human Based Trading to Automated Trading and POP Design QuantHouse is part of S&P Capital IQ, next generation provider of trading infrastructure, software and services that include ultra low-latency market data software, proximity hosting and order routing infrastructure and development and back-testing software ■Commercially launched in 2006 and headquartered in Paris with sales offices in London, New York and Asia; currently has over 125 employees ■Serves 130+ clients today including buy-side firms, sell-side firms and exchanges and has a growing number of technology and distribution partnerships, ■Technology is used by the most demanding clients in the world and is based on highly proprietary, robust, portable and flexible middleware specifically built for low latency, high throughput functionality – key competitive advantage in the market ■19 global data centers,80+ direct exchange connections and 110+ total exchange market data feeds
  • 3.
    End-to-End Advanced TradingSolutions for Electronic Traders
  • 4.
    QuantFEED QuantLINK QuantFACTORY Low Latency Market Data Feed Alpha Generation Platform Low Latency Trading Infrastructure Software that manages low latency market data to meet the changing environment given increased fragmentation and message volumes Hosting and Network Infrastructure that allows buy and sell-side trading firms to keep up with low latency market demands Software that allows quant traders to spend more time on their core focus, developing alpha generating models, rather than developing tools QuantHouse is at the forefront of the technological arms race allowing users of its solutions to gain a competitive advantage by achieving better, faster and more efficient execution Proprietary Fiber Optic Network Live Production / Analysis Back Testing / Alpha Discovery Strategy Development Ultra Low Latency Order Routing Data Capture Ultra Low Latency Market Data Proximity Hosting Data Normalization Normalization Data Dissemination QuantHouse is the Leading Provider of Low Latency Technology Solutions
  • 5.
    Key Competitive Advantage:Fully Managed Solution •Shared HW infrastructure •Managed up through the OS •Easy Access through Financial Connectivity providers •Deploy in days Access on Demand •End-to-End management •Tailored to Financial Institutions needs •24x7 Global Support End-to-End Managed Solution •Market Data from the Source •DMAs linked together via global Fiber Optic Network •Deploy in minutes Exchange on Demand:
  • 6.
    Key Competitive Advantage:Global and Easy Access PRODUCTS ULL - Hardware Acceleration CONSOLIDATED Feed SNAPSHOT FEED – WEB TECHNOLOGY FPGA – HW acceleration - SW SW SW LATENCY & SPEED < 1 ms (micro sec level) < 100 - 200 ms > 1 sec or delayed SLA (SPEED, AVAILABILITY, RESILIENCY) YES YES NO NAME QuantFEED QuantFEED Consolidated SnapFEED TARGET MARKET Clients using Automated Trading Models Used across enterprise @ tier1 & regional banks, Trading Screens - Market Data screens (GUI's) Website including Bank intranet or online Brokers VALUE PROP All the Ticks for Algo Trading - DMA with Colo - ULL - State of the Art - Technology including FPGA Ability to easily subscribe to instruments across mutiple exchanges, global Data Coverage - Trading Quality inluding Conflation - Designed for the Trading screens - High Performance Designed for Web Site
  • 7.
    QuantHouse Feedhandler: CMEFAST market data internal processing time – LESS THAN 9 microseconds Key Competitive Advantage: Low Latency Market Data Decoding Time Exchange Message Volume QuantHouse Internal Processing Time ~6.5 microsecond constant processing time ■QuantHouse Feedhandlers are able to perform consistently even with spikes in volume ■As shown below, QuantHouse maintained a constant processing time despite market volume peaks
  • 8.
  • 9.
    Key Competitive Advantage:Global and Easy Access
  • 10.
    Benefits • Needfor TCO rationalization • Simplification requirements for accessing market data sources •Get ready for Next Generation Automated Trading Tools The Business Cases •Almost Zero Touch existing infrastructure •Secure and Compliant •Cost Effective with rapid “quick wins” •Open API Standards •Greater Access to Vendors and Markets •First step to phase out existing Legacy Technologies •Continuous Technology improvement as powered by QuantFEED The Benefits
  • 11.
    QuantHouse Inc. 55Water Street, 44th floor New York, NY 10041 US Tel: +1 (212) 438 4346 130 East Randolph One Prudential Plaza, suite 2900 Chicago, IL 60601 US Tel: +1 (312) 233 7129 QuantHouse / FR. 52 Rue de la Victoire 75009 Paris FRANCE Tel: +33 (0) 1 73 02 32 11 QuantHouse / UK. 10 Foster Lane London EC2V 6HR UK Tel: +44 (0) 203 107 1676 Learn more at www.quanthouse.com www.spcapitaliq.com