Options expands FX connectivity, upgrades NJ to Chicago route - Wall Street Letter


Options enhances FX destinations, eyes geographic expansion



nfrastructure provider Options has enhanced its existing connections to US-based foreign exchange trading venues and added a few destinations as part of the growth of its business, according to Ken Barnes, senior vice president of corporate development.

“We’re seeing a trend in the addition of outsourced venues like us in this industry across asset classes in conjunction with increasing electronic trading in FX,” Barnes said. Additionally, he said brokers are starting to upgrade their platforms, and new venues continue to pop up.

The vendor upgraded its connections between New Jersey and Chicago to 14.1 milliseconds roundtrip, the fastest available path over lit fiber, from about 14.6 milliseconds, Barnes said in an interview.

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About Options (www.options-it.com): Options is the leading provider of cloud-enabled managed services to the global capital markets. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. Today over 200 firms globally leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.