NEW YORK & LONDON--(BUSINESS WIRE)--Options, the leading private financial cloud provider for the global capital markets industry, has today announced that it has further expanded its connectivity to a number of key trading venues, in addition to adding a number of new data feeds to the Options PIPE Platform. These latest additions to the IaaS provider’s offering come as a result of increased client demand.
“Today’s announcement is another noteworthy step forward for the Options PIPE Platform and the Velocity product offering, and is a significant follow-up to the sizable connectivity upgrade in the early part of 2013”
This most recent deployment to the platform will see Options add HSBC and AllianceBernstein dark pools in Europe to its destinations, while the new market data feeds will include CBOE CSM, C2, CSM, BOX, CHX, and Nasdaq’s PHLX. The firm also announced that as a result of the CBOE connection, CBSX CSM and CFLEX will now be made available to clients. Furthermore, the IaaS provider has upgraded its ISE connectivity to the recently unveiled “Premium Access” 10 gigabyte service.
Today’s news is particularly significant in that it is the second major connectivity announcement for Options in 2013. In March, the firm announced it was now providing clients with connectivity to more than 60 markets, including ultra-low latency connectivity in the NJ2 and NY4 data centers to Barclays, Citi, Credit Suisse, Currenex, Deutsche Bank, EBS (ICAP), FXAll, Reuters Dealing, UBS and Hotspot FX (Knight).
Notably, Options is an authorized redistributor for these exchange feeds, allowing them to provide “vendor of record” services to customers. Additionally, Options has developed an extensive market data control and reporting platform that underpins the administrative responsibilities of this critical feature.
The new venues and feeds will be deployed as part of Options’ PIPE® Velocity services, a key component of the Options’ Private Financial Cloud platform. PIPE Velocity is a low latency trading, FIX connectivity, market data and computing infrastructure, providing clients with lowest latency and highest capacity direct market access both locally and in key trading centres around the world
“Today’s announcement is another noteworthy step forward for the Options PIPE Platform and the Velocity product offering, and is a significant follow-up to the sizable connectivity upgrade in the early part of 2013”, said Options SVP, Ken Barnes. “At Options we pride ourselves on an ability to be responsive to client needs. The addition of HSBC and AllianceBernstein as new destinations, alongside the many new data feeds is but further proof of this commitment and we will continue to build connectivity in response to ever-changing client demands.
About Options (www.options-it.com):
Options is the premier provider of infrastructure products to the Global Financial Services sector. Founded in 1993, the company began life as a hedge fund technology services provider focused on the London market. More than a decade ago, the company made a strategic decision to, become the first provider to offer cloud services to the financial sector. The result was the Options PIPE® Platform and the "Private Financial Cloud" offering. Today over 130 firms globally leverage Options PIPE®, including leading hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, exchanges and global investment banks.
Options PIPE® Platform Services:
Essential business technology from email and office applications to phones and tablets
Hosting and management of the applications that run your business, front office to back
Low latency trading, FIX connectivity, market data and computing infrastructure