Iress creates API data and trading solutions team

Arthur Tricoire, general manager – commercial, API data and trading solutions, Iress.

Financial technology provider Iress has created an API data and trading solutions team to support strong demand for market data and infrastructure solutions.

This new global team completes the full integration of the QuantHouse business, acquired in May 2019, with Iress’ existing market data capabilities.

A recent study from Google confirms that API data and cloud services continue to be adopted at pace by financial services firms.

The survey was conducted online by Coalition Greenwich on behalf of Google Cloud from March 2021 to April 2021 among 102 executives in North America and the EMEA region.

It found that 67% of sellside firms surveyed consume cloud-deployed market data while 88% plan to use more in the coming year.

The numbers are even greater on the buyside, with 90% deployed cloud-deploying market data today, and 70% planning to increase their use the next 12 months.

ress’s new API data and trading solutions team has been created to support these firms and help them take advantage of the transition.

The product set includes market data feed API solutions (such as the QuantFEED low latency data platform and, data products including historical data on-demand, reference data & analytics.

Also on the list is infrastructure and connectivity such as managed hosting and connectivity solutions.

“Our combined expertise helps us better answer the demands of clients and will bring more breadth and capabilities to our proposition,” said Arthur Tricoire, Iress general manager – commercial, API data and trading solutions.

He added, “We now offer a comprehensive suite of trading data solutions, coupled with managed services, to provide end-to-end trading solutions either on-prem or on cloud platforms.

These capabilities, together with our focused global team, puts us in a strong position to respond to fast evolving requirements in today’s volatile markets, where timeliness means opportunity.”

©Markets Media Europe 2021

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