News, Ideas, Insight
Oracle Capital Selects Options IT to Support Desktop and Mobile Tech
30 September 2010
...In selecting Options IT over other solutions, (Oracle Capital Fredric) Teng wrote, “The key features that made a difference were: 1) The ability to provide international connectivity to markets and remote offices with 24x7 support; 2) off site equipment allowing for easy mobility on our part as we grow our firm; 3) offsite equipment and data storage that provides a robust business contingency plan in the event of unforeseen natural disasters, in compliance with regulatory requirements...
Oracle Cap Taps Options IT
30 September 2010
..."We looked into a number of different solutions before deciding on Options IT," (Oracle Capital COO Fredrick) Teng tells BST. "Technology is key to the success of any investment firm. We feel that Options IT's infrastructure levels the playing field for emerging start-ups like us. We travel constantly and do not have a lot of permanent staffs stationed to handle IT related issues. High quality remote access of our technology also allows for key employees to function properly while being on the road."...
Press Release:
Oracle Capital Selects Options IT as Technology Infrastructure Provider
Oracle Leverages Options PIPE® Core Infrastructure-as-a-Service, a Complete Office and Mobile Technology and Support Service for Financial Services Firms
Hong Kong ― Sept. 29, 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 that Oracle Capital, a hedge fund founded by two former Lehman Brothers traders, has selected Options IT as its technology infrastructure provider.
Oracle has leveraged the Options PIPE Core service, a complete business technology infrastructure service supporting all desktop and mobile communication technology essential to financial services firms. PIPE Core is offered as a standalone solution or fully integrated with the PIPE Velocity and PIPE Momentum services as a complete front-to-back-office financial technology platform.
Founded in 2009 and based in Hong Kong, Oracle Capital focuses on fixed income products, particularly in the areas of credit, fixed income derivatives and securitization. The initial fund invests in products that reference corporate credit risk, including cash and synthetic CDOs.
“After an extensive review of technology infrastructure management options, we chose the PIPE Core service because it offers a robust solution that can scale in lock-step with our business,” said Fredric Teng, Chief Operating Officer at Oracle Capital. “By placing the on-going role of infrastructure management in the hands of a trusted provider like Options IT, we’re able to focus our efforts on optimizing creative trading strategies to take full advantage of current market opportunities for our maiden fund - Oracle Investment Fund SPC.”
“We’re delighted to have been selected by Oracle Capital to provide infrastructure management and support services,” said Nigel Kneafsey, CEO at Options IT. “PIPE Core, like all PIPE services, provides clients with an enterprise strength solution delivered as a hosted service, ensuring optimal performance and efficiency, and allowing firms to channel their resources into optimizing portfolio management and trading strategies.”
Options IT Links to Australian Securities Exchange
7 September 2010
...The deal brings the total number of markets available via the PIPE Velocity services platform to 32 and comes amidst the ASX’s potential competition with new alternative trading platforms made possible by the Australian Securities and Investments Commission taking over supervision of trading in the country from the ASX before year-end....
Options IT offers low-latency connection to ASX
7 September 2010
...CEO Nigel Kneafsey told theTradenews.com that the firm is reacting to an upsurge in demand for direct connectivity to the ASX among high-frequency clients in Europe or the US, following the exchange’s announcement of its plans to launch a low-latency trading platform in preparation for competition from alternative trading platforms, such as Chi-X Global, a trading venue operator and exchange technology provider....