QuantHouse platform seeks to boost open API use by quants
Trading systems firm QuantHouse is trying to stimulate fintech usage in the quant trading industry with a push to increase adoption of open application programming interfaces (APIs), the mechanisms that allow various platforms and other digital services to integrate with each other. Its QuantHouse qh API Ecosystem is being touted as an answer to streamlining fintech adoption and use. "In the same way that other companies have successfully connected human traders in the 1990s through instant messaging systems, we are bringing together the next generation of automated quant traders through APIs," said chief revenue officer Stephane Leroy.

Trading systems provider QuantHouse has launched an initiative to improve industry uptake of open API systems to add value to the trading process.

The ‘qh API Ecosystem’, launched today, is designed to accelerate adoption of multi-asset class API solutions. The initiative wants to assist fintech providers to turn their software and hardware products into global, on-demand solutions via open APIs (application programming interface).

QuantHouse said current industry models with per-customer implementation are slow, costly and place a significant burden on firms. With an API, vendors can deploy their products to clients rapidly through the Internet.

Stephane Leroy, co-founder and chief revenue officer at QuantHouse, said: “The concept of the QuantHouse API Ecosystem is simple; in the same way that other companies have successfully connected human traders in the 90’s through instant messaging systems, we are bringing together the next generation of automated quant traders through API’s. Providers of API based innovative solutions will benefit from enhanced business opportunities through our established global community of clients and prospects.”

The API Ecosystem currently features over 500 market participants and hopes to enable them to gain access to multiple trading venues, technologies and applications and reduce the time to market for new services.