In his new role, Mr. Burke will cover the U.S. buy-side and sell-side client base to deliver Options IT's IaaS solutions, provided individually or as a bundled service on the Options PIPE® platform. Services include Options IT's fully managed and supported Core business technology infrastructure; managed application hosting for the front-, middle- and back-office; and the Velocity ultra-low latency market data and connectivity service.

Prior to joining Options IT, Mr. Burke held senior institutional sales roles at NYFIX and Tradeware, where his focus was electronic trading and connectivity sales to the buy-side and sell-side client base. Mr. Burke's other previous experience includes trading and administrative roles at Brown Brothers Harriman & Co. and Bankers Trust Company.

"We are pleased to bring aboard someone with the wealth of experience and richness of relationships that Rich has in this industry," said Nigel Kneafsey, CEO of Options IT. "His in-depth understanding of the buy-side and sell-side community will add a great deal to our U.S. team. As the industry regroups after the last two years, there's been a fundamental shift in how firms approach outsourcing technology that has increased awareness and demand for the Infrastructure-as-a-Service model, which provides a complete technology environment that offers both the efficiencies of a hosted service and the strength and security of an enterprise solution."