Options IT said it went live with its first high frequency trading client using its PIPE Velocity technology solution in the London Stock Exchange (LSE)'s Exchange Hosting Facility.
Options IT was among the first service providers invited into the LSE’s collocation exchange hosting facility, according to the company’s release. The LSE made a formal announcement of the Exchange HostingFfacility on Oct. 18, saying it was intended to create “a unique community of both trading firms and solution providers.”
“The LSE’s move to open its colocation facility to all market participants and service providers is a step to ensure diversity and growth for their trading community at the datacenter level,” stated Nigel Kneafsey, CEO of Options IT, in the release. “We’re happy to join that community and applaud the LSE’s growth strategy, which runs counter to the strategies of some other exchange colocation facilities.”
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 singe, fully managed service for all available major markets across North America, Europe and Asia. PIPE Velocity is one of three Infrastructure-as-a-Service offerings provided via the Options PIPE platform.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio