Options IT reduces Chicago to New York latency
First Published 4th May 2011
PIPE Velocity Clients gain optimized trading connectivity between New York and Chicago
Nigel Kneafsey, CEO, Options IT
"We're offering the lowest possible trading latency between those two market centers."
Options IT, the provider of the Options PIPE® Private Financial CloudSM* services platform, has announced that it has optimized trading connectivity between New York and Chicago for clients of its PIPE Velocity service. PIPE Velocity round-trip trading latency between Chicago and New York has been reduced by 2 milliseconds.
"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.
*Service Mark status pending
