OptionsIT to provide infrastructure-as-a-service to Oracle Capital
29 September 2010 | 2082 views | 0
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 that Oracle Capital, a hedge fund founded by two former Lehman Brothers traders, has selected Options IT as its technology infrastructure provider.
Oracle has leveraged the Options PIPE Core service, a complete business technology infrastructure service supporting all desktop and mobile communication technology essential to financial services firms. PIPE Core is offered as a standalone solution or fully integrated with the PIPE Velocity and PIPE Momentum services as a complete front-to-back-office financial technology platform.
Founded in 2009 and based in Hong Kong, Oracle Capital focuses on fixed income products, particularly in the areas of credit, fixed income derivatives and securitization. The initial fund invests in products that reference corporate credit risk, including cash and synthetic CDOs.
"After an extensive review of technology infrastructure management options, we chose the PIPE Core service because it offers a robust solution that can scale in lock-step with our business," said Fredric Teng, Chief Operating Officer at Oracle Capital. "By placing the on-going role of infrastructure management in the hands of a trusted provider like Options IT, we're able to focus our efforts on optimizing creative trading strategies to take full advantage of current market opportunities for our maiden fund - Oracle Investment Fund SPC."
"We're delighted to have been selected by Oracle Capital to provide infrastructure management and support services," said Nigel Kneafsey, CEO at Options IT. "PIPE Core, like all PIPE services, provides clients with an enterprise strength solution delivered as a hosted service, ensuring optimal performance and efficiency, and allowing firms to channel their resources into optimizing portfolio management and trading strategies."