Quincy Data’s solution will be available to Options customers via the IaaS provider’s Velocity platform
New York – January 28, 2014 – Options, the leading private financial cloud provider for the global capital markets industry, today announced the availability of Quincy Data LLC’s Quincy Extreme Data (“QED”) service, enabling the managed service provider to offer data at the lowest known latencies to customers trading across markets in Equinix NY4 and the CME.
Quincy Data is a provider of extremely low latency market data services, powered by the McKay Brothers microwave network. The Quincy Extreme Data (QED) service sources data from multiple financial exchanges and delivers a normalized feed to colocation centers around the world. To minimize latency, the service provides only key data items for the most liquid instruments. Options customers can now access market data at roughly 4.1 milliseconds rack-to-rack, about 50% faster than fibre based direct feeds.
This upgrade will ensure the availability of the lowest known latency for customers leveraging Options’ PIPE® Velocity, one of the three service offerings delivered via the IaaS provider’s Options Private Financial Cloud platform. PIPE® Velocity 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.
Ken Barnes, SVP of Options, commented, “Electronic trading firms are looking for their service providers to focus on what they excel at, and embrace the best from the rest. Options provides a world class managed infrastructure experience that enables rapid access to services such as Quincy, who themselves are singularly focused on a best in class suite of latency arbitrage enabling data services. We’re pleased to continue making these partner innovations available to our customers.”
Jim Considine, Quincy’s Director of Business Development notes, “Quincy is dedicated to making the fastest market data available to all trading participants. This offering by Options will broaden such access by simplifying adoption for its customers, both large and small.”
About Options (www.options-it.com):
Options is the premier provider of infrastructure products to the Global Financial Services sector. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to, become the first provider to offer cloud services to the financial sector. The result was the Options PIPE® Platform and the “Private Financial Cloud” offering. Today over 150 firms globally leverage Options PIPE®, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.
Options PIPE® Platform Services
User Experience: PIPE Core
Essential business technology from email and office applications to phones and tablets
Front, Middle & Back Office: PIPE Momentum
Hosting and management of the applications that run your business, front office to back
Electronic Trading: PIPE Velocity
Low latency trading, FIX connectivity, market data and computing infrastructure