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News breaking: 2011-10-10

Celoxica Deploys Single-Server Container™ Solution for Futures HFT Strategies on the Options PIPE® Platform

Trading Firms Now Have on-Demand Access to a Hardware-Accelerated Solution for Executing HFT Strategies on Major U.S. and European Futures Exchanges

NEW YORK--(BUSINESS WIRE)-- 20111010 --

Options IT, the provider of the Options PIPE Private Financial Cloud services platform for the sellside and buyside, announced today that Celoxica, a leading provider of hardware-accelerated low-footprint, high-efficiency market data and trading solutions for high-frequency traders, has deployed its ultra-low latency Container technology for futures trading on the Options PIPE platform.

Trading firms looking to execute high-frequency trading strategies (HFT) on U.S. and European futures markets now have on-Demand access to a fully managed colocated solution through the Options PIPE Velocity private cloud service.

The Celoxica single-server Container design provides a fully optimized, hardware-accelerated solution for HFT strategies by offloading processing onto FPGA cards and eliminating unnecessary network hops that persist in legacy trading environments.

“There has been a notable increase over the last year in the level of high-frequency trading activity on the major U.S. and European futures markets as trade volumes and price volatility have created greater market opportunity,” said Lee Staines, President at Celoxica. “We’re delighted to be working with Options IT to offer trading firms a fully managed, cloud-based solution that provides the speed to market needed to capitalize on that opportunity.”

Nigel Kneafsey, CEO at Options IT, added: “As the race to reduce trading latency gets closer to zero by traditional measurements, firms will need new and innovative ways to remove further latency out of the stack. Celoxica’s Container solution is a good example of such an innovation, and we’re happy to work with them to provide it as a private-cloud deployed solution for executing HFT strategies across the U.S. and European futures markets.”

About Celoxica (www.celoxica.com):

Celoxica, a leading provider of hardware accelerated low-footprint, high-efficiency market data and high frequency trading solutions for the global financial services industry. Headquartered in the UK with offices in Chicago and New York, Celoxica delivers hardware accelerated trading solutions to colocated or proximity hosted high frequency trading firms seeking to maximize the speed and performance of their trading applications in all market conditions.

About Options IT (www.options-it.com):

Options IT is the provider of the global Options PIPE® Private Financial Cloudservices platform, delivering ultra-low latency market data, connectivity and fully managed application hosting services to the banking, trading and investment community. Combining innovative technology solutions with highly experienced technology management and support staff, the Options PIPEplatform provides a complete financial technology infrastructure as a pay-as-you-use service. The Options PIPE delivers the scalability, strength and security of an enterprise platform with the efficiencies of a hosted solution. With offices across North America, Europe and Asia, Options IT provides solutions to more than 120 clients globally.

Options PIPE® Platform Services:

PIPE Velocity

An ultra-low latency market data, connectivity and application hosting service for all major markets across North America, Europe and Asia

PIPE Momentum

A fully managed and optimized financial application hosting service for proprietary and third-party applications spanning the front-, middle-, and back-office

PIPE Core

A complete business technology infrastructure service supporting all desktop and communication technology essential to financial services firms

CONTACT:
Spotlight Financial Marketing
Marc Weinstein, +1 212-521-5902
marc.weinstein@spotlightfm.com
or
Options IT
Patrick Ruppe, 646-205-2500

patrick.ruppe@options-it.com