Clients Can Access the ASX via the Options PIPE® Velocity Ultra-Low Latency Market Data and Connectivity Service
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 ultra-low latency market connectivity service to include the Australian Securities Exchange (ASX).
Velocity clients may now receive ASX market data from the Options PIPE platform.
Options IT's direct connectivity to the ASX comes as competition is increasing among equities markets in Australia. The ASX is expected to launch its revamped trading platform later this year, and additional alternative trading systems are anticipated to go live in 2011. The increased competition among markets is anticipated to lower trading costs and increase trading volume in the market.
"The Australian market is becoming increasingly attractive to our clients, due in large part to the significant transformation currently underway at the ASX," said Nigel Kneafsey, CEO of Options IT. "As the markets become faster and more efficient, leading to lower costs and higher volumes, we believe client demand to trade the Australian market will continue to grow."
About Options IT (www.options-it.com):
Options IT is a global provider of ultra-low latency market data and connectivity, fully managed application hosting, and high-performance technology Infrastructure-as-a-Service for hedge funds, proprietary trading shops, investment banks and brokerages. Combining innovative, centralized technology solutions with highly experienced technology management and support staff, the Options PIPE® platform provides clients with a complete financial technology infrastructure solution that is cost efficient, quick to market, and provides full flexibility with a pay-as-you-go model. The Options PIPE platform provides the scalability, strength and security of an enterprise solution delivered with the efficiencies of a hosted technology service. With offices across North America, Europe and Asia, Options IT provides solutions to more than 120 clients globally.
Options PIPE® Platform Services:
PIPE Velocity
An ultra-low latency market data, connectivity and application hosting service for all major markets across North America, Europe and Asia
PIPE Momentum
A fully managed and optimized financial application hosting service for proprietary and third-party applications spanning the front-, middle-, and back-office
PIPE Core
A complete business technology infrastructure service supporting all desktop and communication technology essential to financial services firms
CONTACT:
Options IT
Patrick Ruppe, 646-205-2500
Head of Marketing
patrick.ruppe@options-it.com