PIPE Velocity Clients Provided with Lowest Possible Trading Latency between the Two Cities
NEW YORK--(BUSINESS WIRE)--Options IT, the provider of the Options PIPE® Private Financial CloudSM* services platform for sellside and buyside firms, today announced it has optimized trading connectivity between New York and Chicago for clients of its PIPE Velocity service.
As part of Options IT's ongoing optimization of the PIPE platform, clients of its PIPE Velocity service now have access to the fastest possible lit fiber pathway offering lowest latency trading between Chicago and New York markets.
The optimization project reduced PIPE Velocity round-trip trading latency between Chicago and New York by 2 milliseconds and was prompted by increased demand from clients to trade Chicago markets from the New York Metro area.
PIPE Velocity is a complete technology solution for high frequency trading strategies providing prime exchange colocated datacenter space, ultra-low latency market data and connectivity, and optimized financial application hosting as a fully managed and integrated service.
"In the last six months, we've seen a dramatic increase in the number of clients that are wishing to trade multi-market, multi-asset class strategies between Chicago and New York to capitalize on new market opportunities," said Nigel Kneafsey, CEO of Options IT. "As part of our ongoing commitment to provide an optimal trading environment for our clients, we've improved our network path between New York to Chicago to ensure we're offering the lowest possible trading latency between those two market centers."
Options IT provides on-demand Private Financial Cloud services-including ultra-low latency market data, connectivity and fully optimized application hosting services - to the banking, trading and traditional and alternative investment community.
*Service Mark status pending
About Options IT (www.options-it.com):
Options IT is the provider of the global Options PIPE® Private Financial CloudSM* services platform, delivering ultra-low latency market data, connectivity and fully managed application hosting services to the investment banking, trading, and traditional and alternative asset management community. Combining innovative technology solutions with highly experienced technology management and support staff, the Options PIPE platform provides a complete financial technology infrastructure as a pay-as-you-use service. The Options PIPE platform delivers the scalability, strength and security of an enterprise platform with the efficiencies of a hosted solution. With offices across North America, Europe and Asia, Options IT provides solutions to more than 120 clients globally.
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 communication technology essential to financial services firms
Contacts
Options IT
Patrick Ruppe, 646-205-2500
Head of Marketing
patrick.ruppe@options-it.com