NEW YORK, Feb. 19, 2013 /PRNewswire/ -- Options, the provider of the Options PIPE® Private Financial Cloud services platform for the exchange, banking, trading and investment communities, today announced that it will open an office in Chicago next month in response to increasing demand for the company's services in this major derivatives trading hub.
Scheduled to open on March 1, Options' Chicago office will enable the firm to better serve the growing number of regional clients, as well as to communicate with proprietary trade firms in the area. Options has had a presence in the Chicago area since 2007 when it began offering co-location services at the Cermak datacenter facility.
The Chicago office will expand Options' presence in major global financial markets which include New York, London and Hong Kong. Today, Options has 130 clients and 80 employees worldwide. The company's growth in the U.S. market has been largely attributed to the Volker rule and other regulatory requirements facing financial services firms, growing familiarity and comfort with the cloud model, and increasing cost-consciousness by both buy-side and sell-side firms.
"Options' continued expansion is the result of a focused business strategy of providing our clients with the closest proximity and lowest latency access to the markets in which they are executing their trading strategies," said CEO Nigel Kneafsey. "With the opening of the Chicago office, the recently launched rebranding initiative and other business-generating activities planned for this year, Options is better poised to achieve strong growth in 2013."
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 focused on the London market. In 2002, the company made a strategic decision to change focus from consulting to delivering shared infrastructure products, becoming 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 130 firms globally leverage Options PIPE®, including leading hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, exchanges and global investment banks.
Options PIPE® Platform Services:
Essential business technology from email and office applications to phones and tablets
Hosting and management of the applications that run your business, front to back
Low latency trading, FIX connectivity, market data and computing infrastructure
For additional information, contact:
Spotlight Financial Marketing
This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.