S&P Capital IQ is expanding its real time presence through the establishment of a Singapore office for its QuantHouse operation, which provides global next generation trading solutions.
This expansion reflects the need for S&P Capital IQ to support its growing client base in the region and to capture the demand for low latency services from a diverse range of businesses, spanning the US, Europe and Asia regions.
As financial markets have developed and diversified, and client focus has become increasingly global, Asia has become more and more strategically important. The region continues to enjoy significant growth, compared to the unpredictable status of the sector in Europe. The acquisition of QuantHouse by S&P Capital IQ last year has enabled the business to push ahead more quickly than originally planned.
"As indicated 18 months ago, QuantHouse has established a strong presence across several major financial centres, which now includes Asia for the first time," comments Pierre Feligioni, Managing Director, Global Real Time Products. "Servicing clients and delivering unparalleled customer service remain our top priorities. Given our growing client base in the region and the increasing demand from new and established players, Singapore was the most appropriate starting point for us to provide firms, with local expertise and support."
The Singapore team will include experienced and key personnel, including software and business developers as well as network and production experts. The team has been drafted in from across the globe. As a result, QuantHouse is actively looking to fill vacancies in those disciplines.
S&P Capital IQ also intends to establish a presence for QuantHouse in Hong Kong, Tokyo and Australia in 2013. Buy- and sell-side companies as well as exchanges and MTFs will immediately receive QuantFEED low latency services for US and European markets as well as local support for QuantFACTORY and QuantLINK solutions. Going forward, US and European clients will benefit from unmatched QuantFEED technology for next generation feed services into the Asian exchanges, including Chi-X Japan as a result of new fragmentation.
QuantHouse has already forged key partnerships with organisations in order to further strengthen both their Asian presence and client offering. The company will be able to capitalize on its relationships with these well-established players in the Asian market to provide its clients with cutting edge technologies and a highly sought after competitive advantage.