The announcement aligns with Nasdaq’s planned Fixed Income Market move to Carteret on April 7th.
Options, the leading private financial cloud provider for the global capital markets industry, has today announced upgrades and expansions to its managed server hosting and connectivity in Carteret, New Jersey. The announcement comes ahead of this month’s eSpeed migration to the main Nasdaq data center in Carteret, which follows the stock exchange’s July 2013 acquisition of the U.S. Treasuries-trading platform. The migration will see eSpeed move from the market’s current location in Rochelle Park, New Jersey and is planned for April 7th.
Options’ Carteret solution leverages the firm’s PIPE® Velocity platform, the IaaS provider’s ultra-low latency market data, connectivity and application hosting service, and will see the firm offer customers requiring access to eSpeed’s products a collocated, managed server hosting solution, complete with resilient 10G access over high-performance, sub-microsecond switching. Additionally, customers leveraging the Options platform in Cartaret will have integrated high performance access to fixed income and derivatives markets including Brokertec, CME, ICE and NYSE Liffe, as well as a broad range of foreign exchange markets and global broker platforms.
Options’ PIPE® Velocity is one of three service offerings provided via the Options Private Financial Cloud platform, and is a complete electronic trading infrastructure solution, providing ultra-low latency market data, high throughput market connectivity and vendor neutral application hosting as a single, fully managed service for all major markets across North America, Europe and Asia.
Nigel Kneafsey, CEO of Options, commented, “Our focus at Options has always centred around providing clients with a best-in-class managed infrastructure experience and the continued investment and upgrades to our platform in Carteret, ahead of Nasdaq’s planned migration of eSpeed, is a perfect case in point. The eSpeed move, coupled with Options larger footprint and upgraded low latency switching in Carteret, provides customers with a very real opportunity to improve network performance while reducing associated costs, and we have no doubt we can assist clients in achieving just that outcome.”