Trading solution provider QuantHouse has announced direct access to the BGC-owned Fenics US Treasuries platform through its FeedOS API and QuantLink network.
Fenics provides buy-side participants with access to cash treasuries via two electronic marketplaces: a central limit order book designed for low latency quantitative and systematic traders and a block book designed for large institutional investors.
The link up means that QuantHouse’s buy-side clients now have access to normalised real-time and historical data to trade the US cash treasuries market, something that was once the domain of the major dealers only.
“Much like other asset classes, the US cash treasuries market is moving towards more electronically traded products,” says Salloum Abousaleh, managing director, Americas, at QuantHouse. “Fenics UST provides a new source of rich data and an entry point into the world of USTs, opening up a previously inaccessible market to today’s buy-side participants who require greater transparency and robustness. These technology-savvy investors value data quality, streamlined integration and speed, which our two organizations strive to provide.”
Rich Winter, senior managing director, Fenics US Treasuries, adds, “Our newly launched joint initiative will help to modernise the trading experience for all players in the cash UST marketplace.”