ACTIV Financial Deploys ACTIVFeed Market Data on the Options PIPE® Platform

New York - 26 October 2010

ACTIV’s Fully Optimized Global Market Data Feed Now Accessible to Options IT Clients

Options IT, a leading provider of ultra-low latency market data, connectivity, fully managed application hosting and high-performance technology Infrastructure-as-a-Service for the buyside and sellside, today announced that ACTIV Financial, a leading global provider of fully managed low-latency market data solutions, has deployed ACTIVFeed on the Options PIPE platform.

ACTIVFeed offers trading firms a fully optimized and highly compressed data stream delivering every tick on every market instrument to the client trading application with minimal bandwidth footprint. ACTIVFeed is the next-generation market data alternative to the traditional consolidated market data feed distributors.

All Options PIPE platform services—PIPE Velocity, PIPE Momentum, PIPE Core—provide firms with a complete and fully managed financial technology environment for all day-to-day and market-specific technology infrastructure and network connectivity needs. All PIPE solutions are custom built, fully redundant and delivered on-demand as private cloud solutions.

“To provide low-latency and cost-effective market data solutions, content and technology must go hand-in-hand,” said Frank Piasecki, president and co-founder of ACTIV Financial. “Clients who access ACTIVFeed through Options IT can now enjoy fast access to high volumes of top-quality, comprehensive global market data delivered over a flexible and dynamic platform. The combination of ACTIV data and Options IT technology allows our clients to better compete in today’s quickly changing and increasingly complex market.”

“A primary focus for Options IT is to provide our clients with easy access to the largest number of financial application and market data solutions on our PIPE platform,” said Nigel Kneafsey, CEO at Options IT. “Creating a highly enriched platform environment ensures clients have optimal flexibility and a much faster time to market with new strategies. The addition of the ACTIVFeed market data service is another significant step in that ongoing process.”

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