News, Ideas, Insight
Press Release:
Options IT Adds Industry Veteran Richard Burke to its U.S. Sales Team
New York – March 8, 2010 – Options IT, a leading provider of high-performance technology Infrastructure-as-a-Service (IaaS), ultra-low latency market data and connectivity for hedge funds, proprietary trading shops, investment banks and brokerages, today announced industry veteran Richard Burke has joined the firm’s U.S. sales team.
In his new role, Mr. Burke will cover the U.S. buy-side and sell-side client base to deliver Options IT’s IaaS solutions, provided individually or as a bundled service on the Options PIPE® platform. Services include Options IT’s fully managed and supported Core business technology infrastructure; managed application hosting for the front-, middle- and back-office; and the Velocity ultra-low latency market data and connectivity service.
Prior to joining Options IT, Mr. Burke held senior institutional sales roles at NYFIX and Tradeware, where his focus was electronic trading and connectivity sales to the buy-side and sell-side client base. Mr. Burke’s other previous experience includes trading and administrative roles at Brown Brothers Harriman & Co. and Bankers Trust Company.
“We are pleased to bring aboard someone with the wealth of experience and richness of relationships that Rich has in this industry,” said Nigel Kneafsey, CEO of Options IT. “His in- depth understanding of the buy-side and sell-side community will add a great deal to our U.S. team. As the industry regroups after the last two years, there’s been a fundamental shift in how firms approach outsourcing technology that has increased awareness and demand for the Infrastructure-as-a-Service model, which provides a complete technology environment that offers both the efficiencies of a hosted service and the strength and security of an enterprise solution.”
Outsourcing: Out of the Back Office
1 March 2010
...(Options IT CEO Nigel) Kneafsey says that as the industry has moved to full automation, market participants have moved to a centralized model where front-office trading and risk management applications are co-located next to exchange and alternative market matching engines. "This is a new market structure, which lends itself to firms focusing their resources on the development or customization of sophisticated trading models rather than building out the technology infrastructure that supports those trading models." he says...
Options PIPE Platform expands into Interxion Hub
17 February 2010
...“Providing the closest proximity and lowest-latency access to the markets in which our clients execute their trading strategies is a primary focus and competitive differentiator for our Options PIPE services,” said Nigel Kneafsey, CEO, Options IT. “We chose to expand to Interxion’s Financial Hub facility, which has built up a critical mass of capital market participants, because it provides the type of environment that enhances the benefits delivered to firms leveraging our services.”...
Options IT Expands London Footprint
15 February 2010
Infrastructure-as-a-service (IaaS) provider Options IT has rounded out its connectivity offering for firms seeking to trade in the London-based markets with the deployment of its Options Pipe infrastructure in datacenter host Interxion's City of London Financial Hub….The new connection provides users with the same Options Pipe services available to Options IT clients located in the vendor's other facilities in London...
Exegy, Options IT Partner for Hosted Ticker Plant
1 February 2010
...By integrating Exegy’s ticker plant with Options Pipe, clients of Options IT’s Velocity service—which offers managed direct feeds from servers co-located with exchange matching engines—can leverage Exegy’s suite of pre-built, low-latency feed handlers to support their high-frequency trading strategies...