ACTIV's Fully Optimized Global Market Data Feed Now Accessible to Options IT Clients
NEW YORK -- (BUSINESS WIRE) --
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."
About ACTIV Financial (www.activfinancial.com):
ACTIV Financial is a global full-service market data provider specializing in the delivery of low latency, high-availability market data. ACTIV provides end-to-end solutions including direct-feed technologies, hardware acceleration data feeds, global consolidated data feeds, ticker plants, enterprise solutions and tick/news databases, all combined with a large-scale distribution and fan-out technologies. ACTIV is privately owned with offices in Chicago, New York, Tokyo, Singapore and London, serving over 350 customers worldwide, managing more than 120 feed handlers and nearly 20 data centers spread across five continents.
About Options IT (www.options-it.com):
Options IT is a global provider of ultra-low latency market data and connectivity, fully managed application hosting, and high-performance technology Infrastructure-as-a-Service for hedge funds, proprietary trading shops, investment banks and brokerages. Combining innovative, centralized technology solutions with highly experienced technology management and support staff, the Options PIPE® platform provides clients with a complete financial technology infrastructure solution that is cost efficient, quick to market, and offers full flexibility with a pay-as-you-go model. The Options PIPE platform provides the scalability, strength and security of an enterprise solution delivered with the efficiencies of a hosted technology service.
Options PIPE® Platform Services:
PIPE Velocity
An ultra-low latency market data, connectivity and application hosting service for all major markets across North America, Europe and Asia
PIPE Momentum
A fully managed and optimized financial application hosting service for proprietary and third-party applications spanning the front-, middle-, and back-office
PIPE Core
A complete business technology infrastructure service supporting all desktop and communication technology essential to financial services firms
CONTACT:
Articulate Communications
Carly Fowler, 212-255-0080, ext. 21
cfowler@articulatecomms.com
or
Options IT
Patrick Ruppe, 646-205-2500
Head of Marketing
patrick.ruppe@options-it.com