Options IT Unveils Financial Application Hosting Service

Options IT, a provider of outsourced infrastructure technology, is expanding its Infrastructure-as-a-Service offering through Pipe Momentum, a hosting service aimed at bringing low-latency market data and connectivity to buy-side and sell-side traders.

Options IT said the service is designed to ultimately help trim platform optimization costs from trading firms’ balance sheets. The platform can be accessed as a stand-alone service or through Pipe’s Velocity and Core programs,

“The financial industry is in the midst of an enormous shift in its approach toward technology management,” Options IT chief executive Nigel Kneafsey said in a statement.

“This new model is exemplified by the separation of financial applications, proprietary or third-party, from the underlying technology infrastructure and market connectivity.”

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio