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Options IT expands Pipe Velocity for HFT to ISE data centres

22 February 2011  |  2375 views  |  0 Source: Options IT

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 expanded its Pipe Velocity service for high-frequency trading firms to provide access to the International Securities Exchange's (ISE) new Optimise trading platform and full suite of market data offerings.

The expansion of the PIPE Velocity service comes as ISE prepares for the rollout of its new Optimise trading platform in April. Optimise is expected to be a leader among US options exchanges with regard to latency and performance.

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.

"The reduced latency and increased throughput and capacity anticipated with the launch of ISE's new trading platform provides a significant opportunity for traders that incorporate speed of execution into their strategies," said Nigel Kneafsey, CEO of Options IT. "We anticipate ISE's new platform will lead to a general increase in overall options trading volume as new trading opportunities often arise from these types of significant system upgrades."

"We are very pleased that Options IT, with its full suite of managed technology services, will be able to provide firms with efficient, low latency access to the full range of ISE's market data products," said Jeff Soule, Head of Market Data at ISE.

PIPE Velocity is one of three services offered on the Options PIPE® platform, a fully managed and optimized global technology infrastructure and network connectivity environment providing on- demand, private cloud technology solutions to more than 120 investment banks, proprietary trading shops, brokerages, and traditional and alternative asset management firms globally.

 

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