QuantHouse, the provider of end-to-end systematic trading solutions, has announced that QuantHouse’s QuantFEED has been selected by Eventus Systems to provide high quality market data for its trade surveillance platform Validus.
Validus gives clients a broad view of risk across their trading operations, with a focus on trade surveillance, risk and position monitoring, reconciliation and operational controls. The Validus platform has two standard implementations: on-premise enterprise and a cloud solution using Amazon AWS. Either implementation can be run in real-time or T+1. QuantFEED provides the T+1 solution with consistent, accurate tick data, a requirement for effective trade surveillance and risk management.
In addition to leveraging QuantFEED, Eventus Systems has also joined the qh API Ecosystem. QuantHouse clients will now be able to take advantage of the Validus platform, which monitors for all types of trade surveillance including market manipulation and has more than 250 surveillance procedures that can be amended per client requirements. These procedures enable the tracking of specific types of manipulation such as spoofing, layering, wash trading and collusion. It has been developed to meet regulatory obligations for both buy- and sell-side institutions in the US and APAC as well as in EMEA to provide MiFID II and MAR compliance. The consistency of QuantHouse data and time stamping ensures Validus’ calculations are based on an accurate reflection of market activity, while the quality of data normalisation across QuantFEED products allows Eventus to quickly and easily onboard new markets without maintaining individual feeds in disparate formats.
Salloum Abousaleh, Managing Director Americas QuantHouse, commented: “Adding Eventus Systems to our API Ecosystem means we are able to help market participants both in the Americas and worldwide access the capabilities of the Validus platform currently used by top tier financial firms. QuantFEED provides more than 150 data feeds via a single API, which makes our solution straightforward and easy to implement. This fits in seamlessly with Eventus Systems’ model, which provides a powerful, flexible, cloud-based solution for clients.”
Travis Schwab, CEO Eventus, said: “Validus was designed from the ground up to incorporate all relevant data types and sources needed to deliver a holistic and comprehensive view of a firm’s trade surveillance and market risk. All of these systems rely on first-class, granular data, which is why we chose QuantHouse as one of our core data providers. QuantHouse’s API Ecosystem will also enable us to expand into new markets and offer our solutions to a wider global base of users.”