News, Ideas, Insight
Performance vs. reliability: the exchanges' challenge
27 October 2010
...Options IT, a provider of managed hosting solutions, will be one of the first vendors to take up the service. The firm reported today that it had signed up a high-frequency trading client, which will use its PIPE Velocity trading solution to trade on the LSE via its hosting facility. PIPE Velocity supplies low-latency market data, connectivity and vendor-neutral application hosting as a managed services for US, European and Asian markets. "The LSE's move to open its co-location facility to all market participants and service providers is a step to ensure diversity and growth of their trading community at the data centre level," said Nigel Kneafsey, CEO of Options IT...
Press Release:
Options IT Has First High-Frequency Trading Client Live in the LSE Colo Exchange Hosting Facility
Options PIPE Velocity, a Complete Managed Service Supporting HFT, Now Available at the London Stock Exchange
London – Oct. 27, 2010 – Options IT, a leading provider of ultra-low latency market data and connectivity, fully managed application hosting, and high-performance technology Infrastructure-as-a-Service (IaaS) for the buyside and sellside, today announced it has gone live with its first PIPE Velocity high-frequency trading client in the Exchange Hosting facility at the London Stock Exchange (LSE).
PIPE Velocity is a complete HFT technology solution, providing ultra-low latency market data, high throughput market connectivity and vendor neutral application hosting as a single, fully managed service for all available major markets across North America, Europe and Asia.
Options IT was among the first service providers invited into the LSE’s colocation Exchange Hosting facility. The addition of service providers is a “significant strategic step in the evolution of the Exchange Hosting service” the LSE said in a formal announcement on Oct. 18, adding that it was intended to create a “unique community of both trading firms and solution providers.”
“The LSE’s move to open its colocation facility to all market participants and service providers is a step to ensure diversity and growth for their trading community at the datacenter level,” said Nigel Kneafsey, CEO of Options IT. “We’re happy to join that community and applaud the LSE’s growth strategy, which runs counter to the strategies of some other exchange colocation facilities.”
PIPE Velocity is one of three IaaS offerings provided via the Options PIPE® platform, a fully managed and optimized global technology environment offering on-demand, private cloud technology solutions to more than 120 hedge funds, proprietary trading shops, investment banks and brokerage firms globally.
Press Release:
ACTIV Financial Deploys ACTIVFeed Market Data on the Options PIPE® Platform
ACTIV’s Fully Optimized Global Market Data Feed Now Accessible to Options IT Clients
New York ― Oct. 25, 2010 ― Options IT, a leading provider of ultra-low latency market data, connectivity, fully managed application hosting and high-performance technology Infrastructure-as-a-Service for the buyside and sellside, today announced that ACTIV Financial, a leading global provider of fully managed low-latency market data solutions, has deployed ACTIVFeed on the Options PIPE platform.
ACTIVFeed offers trading firms a fully optimized and highly compressed data stream delivering every tick on every market instrument to the client trading application with minimal bandwidth footprint. ACTIVFeed is the next-generation market data alternative to the traditional consolidated market data feed distributors.
All Options PIPE platform services—PIPE Velocity, PIPE Momentum, PIPE Core—provide firms with a complete and fully managed financial technology environment for all day-to-day and market-specific technology infrastructure and network connectivity needs. All PIPE solutions are custom built, fully redundant and delivered on-demand as private cloud solutions.
“To provide low-latency and cost-effective market data solutions, content and technology must go hand-in-hand,” said Frank Piasecki, president and co-founder of ACTIV Financial. “Clients who access ACTIVFeed through Options IT can now enjoy fast access to high volumes of top- quality, comprehensive global market data delivered over a flexible and dynamic platform. The combination of ACTIV data and Options IT technology allows our clients to better compete in today’s quickly changing and increasingly complex market.”
“A primary focus for Options IT is to provide our clients with easy access to the largest number of financial application and market data solutions on our PIPE platform,” said Nigel Kneafsey, CEO at Options IT. “Creating a highly enriched platform environment ensures clients have optimal flexibility and a much faster time to market with new strategies. The addition of the ACTIVFeed market data service is another significant step in that ongoing process.”
IT Infrastructure On A Cloud
20 October 2010
...The solution, called Options PIPE, is a high-performance technology Infrastructure-as-a-Service platform offering fully optimized, private cloud solutions to trading and investment firms. Options PIPE is custom built and maintained, application vendor neutral technology environment providing ultra-low latency market data and connectivity to all major markets….Vendor neutrality means that we can manage and support a wide range of vendor or proprietary financial application across the front, middle and back office,” Nigel Kneafsey, CEO at Options IT, told Markets Media...
Options IT's PIPE® Velocity leverages BLADE’s RackSwitch technology
19 October 2010
...Nigel Kneafsey, chief executive officer, Options IT, said, "Our clients are among the most technologically sophisticated in the industry and require the lowest point-to-point network latency and highest throughput capacity possible to drive their trading strategies. Deploying BLADE's switching technology on our PIPE platform helps to ensure we deliver an optimal technology environment that meets our HFT clients' ultra-low latency requirements...