Options Further Strengthens Its Connectivity With The Addition of New European Markets

Options Further Strengthens Its Connectivity With The Addition of New European Markets

Borsa Italia and CEF Eurex Ultra are among the European markets added to the firm’s electronic trading platform

New York – September 25, 2014 – Options, the leading private financial cloud provider for the global capital markets industry, has today announced a further expansion of the European markets available to clients leveraging the firm’s high performance connectivity and managed colocation platform. This latest expansion sees the managed services provider enable direct access to a host of new European markets including CEF Eurex Ultra, Borsa Italia, and Spanish (BME) equities and derivatives. The feeds are available across Options’ colocation venues in FR2, LD4, Basildon, London Stock Exchange Colo, Interxion, Park Royal and Telehouse.

This latest expansion of market feeds follows the recent completion of the US equity network and co-location build-out and helps Options further develop the firm’s distinctive managed colo offering, which spans the US, Europe and Asia. The new European feeds will be deployed as part of the Options Velocity platform, the electronic trading component of the firm’s private financial cloud platform. Velocity is an ultra-low latency market data, connectivity and application hosting service, which enables firms to deploy the most latency sensitive trading strategies available. Each venue and feed is linked via the Velocity platform, providing unified access, security, high-speed storage, and proactive monitoring with 24×7 global support.

Options CEO, Nigel Kneafsey, commented, “Our focus at Options continues to center around providing exceptional customer service through world-class financial technology infrastructure. This recent European expansion is one our customers can immediately benefit from as they can access a full suite of technological services leveraging a single, global colocation and network platform.

“By reducing the overall cost of building and maintaining the necessary precision engineered network and server technology platforms required to compete, Options continues to provide a very unique and compelling service. Such relevance comes during what is a pivotal period for electronic trading operations and latency sensitive quantitative strategies across the global markets, as firms combat the rising costs of connectivity and uncertain market volumes. The welcome addition of the European markets further enhances the Options offering and allows us to provide a proven alternative to those electronic trading firms considering consolidating or exporting their high performance infrastructure.”

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About Options (www.options-it.com):

Options is the leading managed service and IT infrastructure products provider to the global financial services sector. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. Today over 150 firms globally leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.

For more on Options, please visit www.options-it.com, follow us on Twitter at @Options_IT and visit our LinkedIn page.

Options harnesses their platform to deliver three managed service solutions:

Managed Platform: Core

Essential business technology from email and office applications to phones and tablets

Managed Applications: Momentum

Hosting and management of the applications that run your business, front office to back

Managed Co-Location: Velocity

Low latency trading, FIX connectivity, market data and computing infrastructure

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Press Contact:
Marie-Clare McCabe
+44 20 7070 5000
Marie-clare.mccabe@options-it.com