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Options IT Optimizes Chicago to New York Trading Latency

Options IT, the provider of the Options PIPE Private Financial Cloud services platform for sellside and buyside firms, today announced it has optimized trading connectivity between New York and Chicago for clients of its PIPE Velocity service.

As part of Options IT’s ongoing optimization of the PIPE platform, clients of its PIPE Velocity service now have access to the fastest possible lit fiber pathway offering lowest latency trading between Chicago and New York markets.

The optimization project reduced PIPE Velocity round-trip trading latency between Chicago and New York by 2 milliseconds and was prompted by increased demand from clients to trade Chicago markets from the New York Metro area.

PIPE Velocity is a complete technology solution for high frequency trading strategies providing prime exchange colocated datacenter space, ultra-low latency market data and connectivity, and optimized financial application hosting as a fully managed and integrated service.

“In the last six months, we’ve seen a dramatic increase in the number of clients that are wishing to trade multi-market, multi-asset class strategies between Chicago and New York to capitalize on new market opportunities,” said Nigel Kneafsey, CEO of Options IT. “As part of our ongoing commitment to provide an optimal trading environment for our clients, we’ve improved our network path between New York to Chicago to ensure we’re offering the lowest possible trading latency between those two market centers.”

Options IT provides on-demand Private Financial Cloud services—including ultra-low latency market data, connectivity and fully optimized application hosting services—to the banking, trading and traditional and alternative investment community.

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