Serving the global market with its high-class API based market data, AI, and Algo trading services, QuantHouse has broadcasted the news about the onset of direct access to the renowned Fenics USTreasuries or the Fenics UST platform aided via the highly anticipated pedagogies of FeedOS API and QuantLINK global network.
Fenics UST works under the supervision of BCG Financial and serves as a fully electronic trading solution for the US Government securities. The efficient trading venue renders the investors with easy access to cash treasuries through two revolutionary electronically controlled marketplaces. These marketplaces comprise of:
- A Central Limit Order Book- This is created for low latency quantitative and systematic investors
- A Block Book- This is designed to cater to the requirements of big institutional investors.
“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,” said Salloum Abousaleh, Managing Director, Americas.
The Fenics UST operates for 23 hours a day while ensuring the highest standards of transparency for the traders involved. There is a reduction in the execution costs as well as the platform brings downtick sizes to 1/16 of a thirty-second and thereby fostering better bid-ask spreads.
With the integration between the two leading entities, QuantHouse’s investors will now get a fair chance to enjoy quick and convenient access to real-time and historical data, which they can use to get indulged in trading of the US cash treasuries. The firm’s data normalization and global infrastructure bridge the gap between the clients and Fenics UST. It also facilitates connection with over 145 exchanges from any place using a single protocol and one API.
Rich Winter, Senior Managing Director of Fenics US Treasuries, stated that “Fenics USTreasuries is pleased to be connected to QuantHouse’s market-leading offering. The global reach of QuantHouse’s platform and delivery of state-of-the-art data and API functionality enhances Fenics UST’s offering of fully electronic global access to the US cash treasuries market for all institutional traders. Our newly launched joint initiative will help to modernize the trading experience for all players in the cash UST marketplace.”