NEW YORK & LONDON & HONG KONG, 02 August 2021– (BUSINESS WIRE) –Options, the leading provider of ultra-low latency (ULL) connectivity to financial services (FS) markets, has been selected as the managed services provider of choice for a leading global bank as it expands its foreign exchange footprint (FX) in Singapore, through Equinix’s SG1 International Business Exchange ™ (IBX®) data center.
Following the announcement of the expansion of Options 2020 in Singapore, and in collaboration with the Monetary Authority of Singapore (MAS) and the world’s leading digital infrastructure company, Equinix, FS clients can now take advantage of Options services to expand their own trading footprint on forex in this market.
By leveraging Platform Equinix®, Options can provide a leading investment bank with a rich interconnection environment for low latency, high security currency trading at the digital edge. This expansion marks the fourth FX trading deployment between Equinix and Options, with existing hubs in London, New York and Tokyo.
Danny Moore, President and CEO of Options, said: “As one of the first Managed Service Providers to achieve Equinix Platinum Partner status, we are delighted to be able to work in partnership to provide this service extension to an existing customer. Singapore is the third largest foreign exchange location in the world and as such is a region that we have continued to focus on for our own growth over the past few years. It’s fantastic that a client is expanding their currency footprint in the region through Options. “
John Knuff, Vice President of Business Development at Equinix, added, “With Singapore becoming a global forex hub, Equinix is delighted to work in conjunction with Options to facilitate global currency trading in a secure, low latency environment. . In an increasingly competitive industry environment, companies must ensure that their IT infrastructure is able to trade in real time and match prices. With Equinix’s FX hubs also located in London, New York and Tokyo, our platform provides connectivity between these key regions of the world.
Options makes it easy to trade hundreds of locations around the world, with fully managed colocation services available with the company’s application management solution, combining hosting with direct market access, lower total cost of ownership (TCO) and industry-leading resiliency and security compliance to SOC1, SOC2, SOC3, ISO27001 and AICPA standard.
In January 2020, Options received an investment from Boston-based private equity firm, Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform, while expanding its reach in major financial centers around the world.
About options (www.options-it.com):
Options Technology is the # 1 provider of IT infrastructure to global capital market companies, supporting their operations and ecosystems.
Founded in 1993, the company began life as a technology service provider for hedge funds. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to more than 200 businesses globally, providing an agile and scalable platform in an Investment Bank-grade cybersecurity wrapper.
Clients of the options include major global investment banks, hedge funds, funds of funds, proprietary trading companies, market makers, brokers / traders, private equity firms and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore and New Zealand, Options are well positioned to serve their clients onsite and remotely.
In 2019, Options secured a significant growth investment of Abry Partners, an industry-focused private equity firm based in Boston. This investment has allowed Options to significantly accelerate its growth strategy to invest more in its technology platform and expand its reach into the world’s major financial centers.
The options were named among the The UK’s top growth companies in the 2021, 2020, 2019, 2018 and 2017 ranking of the Sunday Times HSBC International Track 200.
To learn more about the options, please visit www.options-it.com, follow us on Twitter at @Options_IT and visit our LinkedIn page.
About Abry Partners (www.abry.com)
Abry is one of the most experienced and successful industry private equity firms in North America. Since its founding in 1989, the company has completed more than $ 82 billion in leveraged transactions and other private placements or preferred shares. Currently, the company manages over $ 5.0 billion of capital in its active funds.
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