S&P sells Quanthouse

S&P announced they will sell Quanthouse, the specialist in low latency market data, to Pierre Feligioni. Feligoni was one of the founders of the company back in 2005. S&P aquired Quanthouse in 2012.

Originally Quanthouse provided market data and a full algo-trading development environment. In later years the focus shifted more and more to the market data service. Existing customers should expect no change in their service. Our take is that a unit like Quanthouse is actually more likely to perform as a compact and independent unit.

The press release can be found here.

No financial or other details about the arrangement have been released.