Options Technology, the tech provider underpinning some of the CFD providers and prop firms, has agreed to acquire an application and platform modernization firm. The deal aims to enable financial institutions modernize legacy systems while keeping tighter control over data, risk and regulation.

The transaction focuses on private cloud, application modernization, and AI deployment for regulated markets. Options signed an agreement to acquire the Crossvale's business in the US and EU. However, the parties did not disclose financial terms, and the deal remains subject to regulations.

Deal Terms and Strategic Focus

The combined offering will focus on modernization of legacy environments, reduction of technology debt and support for institutions reassessing their public cloud strategies.

• 18 Years of Fidessa Experience Lands Industry Veteran Top Job at Options Technology
• Options and Dukascopy Forge Partnership for Real-Time Market Data
• Options Technology Names Marlena Efstratopoulou as Chief Information Security Officer

The companies say the move reflects growing demand for public cloud repatriation as firms seek more predictable costs, greater operational control and clearer regulatory assurance.

You may also find interesting: ICE Is Turning Prediction-Market Odds Into “Signals and Sentiment” Tools for Wall Street

Options plans to pair its secure private cloud with Crossvale’s expertise so clients can modernize systems and move critical workloads while maintaining control over data, performance and compliance .

Modernization, AI and Regulatory Pressure

Crossvale brings experience in containerization, application modernization and database migration, supported by partnerships with firms such as Red Hat and VMware.

Its capabilities in OpenShift, Kubernetes and managed services will sit on top of Options’ global private cloud platform. Together, the firms aim to offer an institutional-grade stack that covers infrastructure, containers, applications and databases with financial services security and compliance built in.

Early this year, Options Technology activated what it describes as the first commercially accessible quantum computing capability in New York City. The company highlighted that financial firms are increasingly collecting more data than their current infrastructure can simulate, optimize and stress-test in real time, and the new service is intended to help address that gap.

According to Options Technology, the quantum computing capability is designed for use in capital markets to tackle specific, high‑value problems rather than experimental use only. President and CEO Danny Moore said the focus is now on providing controlled and secure access to quantum resources for financial institutions.