QuantHouse Acquires Victory Networks
The deal will expand QuantHouse’s US coverage.
QuantHouse, the independent global provider of end-to-end high-performance market data and trading through API based technologies, today announced that the company has entered into a definitive Asset Purchase Agreement with Victory Networks inc, the provider of high-speed networks.
Victory Networks designs, implements, and manages high-speed networks for bulge-bracket banks, boutique financial firms, and hedge funds across the United States. The acquisition of these assets will expand QuantHouse’s market share and coverage in the US by adding many hedge fund clients and business partners.
Pierre Feligioni, Company Co-Founder and CEO, QuantHouse, said: “Throughout the integration process, both QuantHouse and Victory Networks have worked extremely well together. Indeed, we believe that it is the combination of synergies in terms of product, process and culture that will provide the foundation for a successful future working relationship across both our teams. This transaction signals a considerable stride forward as QuantHouse successfully executes on its acquisition goals, delivering meaningful US expansion along with increased scale, to enhance our competitive position as a global provider of trading solutions.”
John Superson, Victory Networks inc CEO, added: “We are excited to become part of QuantHouse because we are similarly focused on the same goal – delivering the most innovative trading solutions for our customers. Victory Networks has grown rapidly across the US, and by combining our strengths with those of QuantHouse, we can jointly accelerate success for our customers globally.”
About Victory Networks
Victory Networks was founded to service the needs of traders and financial services firms, and now has a growing set of clients both within and without the financial industry. We are passionate technologists and entrepreneurs with dozens of years of experience working with proprietary trading firms, bulge bracket investment banks and international hedge funds on worldwide exchange connectivity, colocation, compliance, and software development. Our perpetual innovation and upgrade cycles reflect our dedication to our clients’ uptime and security needs.
QuantHouse provides end-to-end systematic trading solutions. This includes ultra low latency market data technologies with QuantFEED, algo-trading development framework with QuantFACTORY and proximity hosting and order routing services with QuantLINK.
We help hedge funds, market makers, investment banks, brokers and trading venues achieve optimal trading performance, develop and integrate new trading strategies, comply with regulatory requirements, test existing and new trading infrastructure tools and rationalise operating costs.
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