Options PIPE Velocity, a Complete Managed Service Supporting HFT, Now Available at the London Stock Exchange
LONDON -- (BUSINESS WIRE) --
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.
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 and scalability in a pay-as-you-go model. The Options PIPE platform, delivers the scalability, strength and security of an enterprise solution with the efficiencies of a hosted technology service. With offices across North America, Europe and Asia, Options IT provides solutions to more than 120 clients globally.
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 mobile technology essential to financial services business communications
CONTACT:
Options IT
Patrick Ruppe, 646-205-2500
Head of Marketing
patrick.ruppe@options-it.com