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Goldman Sachs picks QuantHouse to boost its trading platform

Goldman Sachs news

Paul Brennan, COO SIGMA X MTF, Goldman Sachs

Goldman Sachs (GS) has zeroed in on QuantHouse (qh ), a global provider of end-to-end trading solutions to promote its European platform SIGMA X MTF.

The France-based supplier that offers services like market data, algorithm trading, and infrastructure products, will provide access to SIGMA X MTF’s data from within its API Ecosystem store.

SIGMA X MTF is a multilateral trading facility operated by Goldman Sachs that offers liquidity based on the non-discretionary crossing with the flow from external participants and the Goldman Sachs franchise, the statement showed.

SIGMA X MTF’s Periodic Auction Book publishes indicative auction quotes, which will now be available via the Quanthouse API and can be used to identify auctions, untapped potential, and addressable liquidity, according to the statement.

The market data by GS’s trading facility will be available as a part of the QuantFEED, which normalizes and disseminates market data for more than 150 feeds globally. SIGMA’s data will increase the scope of venues and data available to QuantHouse’s community, the supplier said.

Paul Brennan, Chief Operating Officer (COO) SIGMA X MTF at Goldman Sachs commented that the access to SIGMA’s market data will offer an opportunity to QuantHouse to identify liquidity to further improve trading and execution outcomes.

“QuantHouse is constantly monitoring the market for new API-based providers to improve and enrich the scope of the offering within our qh  API Ecosystem store,” Stephane Leroy, Chief Revenue Officer, and business co-Founder, QuantHouse, said.

The qh  API Ecosystem store connects over 300+ buy-side firms and investment banks to solutions provided by other buy and sell-side firms, execution venues and technology partners. Connection to the Ecosystem is managed by QuantHouse via a single API, making access to these services quick and cost-effective.

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