Options IT Adds OMX Nordic Exchanges to its Global Market Connectivity Network Connection Provides Multi-Asset Class, Ultra-Low Latency Market Data and Trading on the Options PIPE(R) Platform

NEW YORK, Nov 09, 2009 (BUSINESS WIRE) -- Options IT, provider of high-performance technology solutions to hedge funds and brokerages and pioneer of the Infrastructure-as-a-Service (IaaS) technology management model, today announced it has expanded its Velocity high-speed market connectivity service to include Europe's OMX Nordic Exchanges.

The new connection provides Options IT's Velocity clients with ultra-low latency market data and trade execution across equities, derivatives and fixed income products. Options IT ensures the lowest possible trading latency across markets in North America, Europe and Asia by hosting client trading applications on servers located next to each market's matching engine.

Options IT's expansion into the Nordic region follows the recent launch of mandatory central counterparty clearing for Nordic stocks, which is expected to reduce the trading costs and increase trade volumes across the region. That combination is expected to draw the interest of the international high-frequency trading shops, a core client demographic for Options IT.

"The central clearing mandate for Nordic stocks is perhaps the most notable market structure change in the region since the adoption of electronic trading," said Nigel Kneafsey, CEO of Options IT. "This development should reduce risk, significantly lower trading costs and increase trading volumes, making the region much more attractive to our high-frequency trading clients." Options IT's IaaS offerings -- Core, Expand, Velocity and Accelerate -- are provided individually or as a bundled service on the Options PIPE platform. The product offerings range from infrastructure and technology management for essential business operations to low-latency market data and connectivity for high-frequency trading.

About Options IT (www.options-it.com): Founded in 1993, Options IT is a global provider of high-performance technology Infrastructure-as-a-Service (IaaS) and ultra-low latency market connectivity for hedge funds, proprietary trading shops, private equity firms, and brokerages.

Combining innovative technology solutions with highly experienced technology management and support professionals, Options IT provides financial services firms with a high-performance, low-cost alternative to managing technology infrastructure, advanced trading applications, and market connectivity internally. With offices in North America, Europe and Asia, Options IT offers global solutions to more than 120 buy-side and sell-side clients ranging from $50 million to $40 billion in size.

SOURCE: Options IT CONTACT: Spring O'Brien, for Options IT Marc Weinstein, 212-620-7100, ext. 216 [e-mail] Copyright Business Wire 2009 -0- KEYWORD: United States

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