Options PIPE® platform helps firms execute faster and more efficient trades
LONDON -- (BUSINESS WIRE) --
Options IT, a leading provider of high-performance financial technology Infrastructure-as-a-Service to buyside and sellside firms, has leveraged IBM (NYSE: IBM) to deliver private cloud technology to financial services clients.
Options IT private cloud solutions enable clients such as hedge funds, proprietary trading shops or trading desks inside of investment banks to take advantage of global trading opportunities by facilitating a virtual plug and play technology environment for their trading models and other financial applications via the Options PIPE platform. By leveraging an existing global platform, firms are able to greatly reduce the time to market for launching new trading strategies.
"As the global markets have become increasingly fragmented, trading strategies have become increasingly reliant on sophisticated trading and risk management models," said Nigel Kneafsey, CEO, Options IT. "And as the costs of managing the trading strategy have risen, we've seen a dramatic shift in the number of firms outsourcing the underlying technology infrastructure, management and market connectivity needed to run a competitive financial services business. With the Options PIPE clients can plug their applications into an existing private cloud infrastructure, pay only for the resources they use, and have the ability to move their strategies around the globe, on-demand, when the opportunities arise."
"In today's competitive global business environment, companies are recognising the need to reduce complexity and cost in order to increase their business agility," said Andy Park, Cloud Leader, IBM UK and Ireland. "To do so, many organisations are accessing key business applications through cloud deployments. IBM expects the global cloud computing market to grow at a compounded annual rate of 28 percent from $47 billion in 2008 to $126 billion by 2012."
Options IT's private cloud infrastructure platform leverages IBM BladeCenter® technology, located at each of its 18 global data centres. Rapid provisioning of new servers enables Options IT to quickly scale services up or down depending on market conditions and customer demand. The compact architecture minimises rack-space requirements, reducing costs, and enables Options IT to pass those efficiencies along to their clients.
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Notes to Editors
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For more information about IBM's cloud computing products and services, please visit www.ibm.com/cloud.
About Options IT (www.options-it.com)
Options IT provides IaaS, managed application hosting, ultra-low latency market data and connectivity to the buyside and sellside through its Options PIPE® platform service offering. Options IT provides solutions to more than 120 clients around the world ranging from $50 million to $40 billion in size. As a centralised technology platform, the Options PIPE platform is designed to provide clients with a complete financial technology environment that is cost efficient, quick to market, and ensures full flexibility and scalability in a pay-as-you-go model.
Options PIPE® Platform Services:
An ultra-low latency market data, connectivity and application hosting service for all major markets across North America, Europe and Asia
A fully managed and optimized financial application hosting service for proprietary and third-party applications spanning the front-, middle-, and back-office
A complete business technology infrastructure service supporting all desktop and mobile technology essential to financial services business communications
CONTACT:
For additional information:
Options IT
Patrick Ruppe, 646-205-2500
Head of Marketing, Options IT
patrick.ruppe@options-it.com
or
IBM UK External Relations
Nilima Patwardhan, (44) 20 7021 9191
Nilima.patwardhan@uk.ibm.com