PIPE Velocity Expansion Comes as ISE Prepares for April Debut of new OptimiseTM Trading System
NEW YORK -- (BUSINESS WIRE) --
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 OptimiseTM 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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About ISE (www.ise.com):
The International Securities Exchange (ISE) operates a leading U.S. options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services.
ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly operated by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives.
About Options IT (www.options-it.com):
Options IT is the provider of the global Options PIPE private financial cloud services platform, delivering ultra-low latency market data, connectivity and fully managed application hosting services to the banking, trading and investment 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-go service. The Options PIPE platform delivers the scalability, strength and security of an enterprise platform with the efficiencies of a hosted solution.
CONTACT:
For additional information:
International Securities Exchange
Molly H. McGregor, 212-897-0275
mmcgregor@ise.com
or
Patrick Ruppe, 646-205-2500
Head of Marketing, Options IT
patrick.ruppe@options-it.com