Options Upgrades Its Trading Platform, Bolstering European Offering

Private financial cloud provider Options has expanded its European offering, culminating in direct access to including CEF Eurex Ultra, Borsa

optionsPrivate financial cloud provider, Options, has expanded its European offering, culminating in direct access to include CEF Eurex Ultra, Borsa Italia and Spanish (BME) equities and derivatives, according to an Options statement.

Options already offers its technological solutions to a variety of firms worldwide, with many relegated to European capital markets. As such, its services are now available across colocation services in FR2, LD4, Basildon, Earl Street, Interxion, Park Royal and Telehouse, among others.

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Its newest initiative allows for the bolstering of market feeds, which takes place on the heels of a recent US equity network. The new upgrades are now a continuation of Options’ Velocity platform, the firm’s electronic trading arm in its unified cloud platform.

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Revamped Infrastructure Caters to Worldwide Clientele

According to Nigel Kneafsey, CEO of Options, in a recent statement on the offering, “Our focus at Options continues to center around providing exceptional customer service through world-class financial technology infrastructure. This recent European expansion is one our customers can immediately benefit from as they can access a full suite of technological services leveraging a single, global colocation and network platform.”

“By reducing the overall cost of building and maintaining the necessary precision engineered network and server technology platforms required to compete, Options continues to provide a very unique and compelling service. Such relevance comes during what is a pivotal period for electronic trading operations and latency sensitive quantitative strategies across the global markets, as firms combat the rising costs of connectivity and uncertain market volumes,” Kneafsey added.

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