S&P Global Sells QuantHouse

NEW YORK — S&P Global (NYSE: SPGI) announced it has entered into an agreement to sell Quant House SAS (QuantHouse) to a company owned by Pierre Feligioni, one of QuantHouse’s original founders. The terms of the deal were not disclosed.

QuantHouse provides end-to-end systematic trading solutions including ultra-low latency market data, algo trading development frameworks, proximity hosting and order routing to hedge funds, market makers, proprietary desks, brokers and sell-side firms.

“We are pleased to have agreed to sell QuantHouse to one of its original founders, Pierre Feligioni,” says S&P Global Market Intelligence President, Mike Chinn. “Mr. Feligioni’s extensive familiarity with QuantHouse provides the business and its employees with the best opportunity to invest in product enhancements and even more effectively serve clients while allowing S&P Global Market Intelligence to focus its resources on growth opportunities that most closely align with our vision.”

“QuantHouse is an innovative next generation company that has changed how capital markets participants trade, and I am delighted to have the opportunity to lead QuantHouse again,” says Pierre Feligioni. “While we leveraged S&P Global’s reach together for several years, we collectively believe that the time is right for QuantHouse to regain focus and flexibility to exploit growing market opportunities in North America, Europeand Asia. I am very excited to work with our staff and partners to make QuantHouse the leading provider of ultra-low latency trading solutions, and I look forward to connecting with our customers around the world to present the roadmap for our core solutions and our plan to invest in new products and services.”

S&P acquired QuantHouse in 2012.