Quant House acquires SmartQuant program trading technology
Quant House, a provider of low latency market data systems, has acquired the software products of SmartQuant, which enable traders to develop, back test, simulate and execute program trading strategies.
The SmartQuant technology enables analysts and traders to capture high-frequency financial data and automate their own quantitative trading strategies over multiple asset classes. The framework has been under development since 1997 and claims 60 clients globally.
The company was set up in St Petersburgh, Russia, in 2003 by Anton Fokin, who was a trade and risk analyst in the quantitative strategies group of the global securities lending and arbitrage division of Fortis Bank.
Quant House says the technology will be re-branded QuantFactory and combined with its low latency market data systems. (2 February 2007)
