Options, a provider of Ultra-Low Latency (ULL) connectivity to the financial services (FS) markets, has been selected as Managed Services Provider for a global top-tier bank as it expands its foreign exchange (FX) footprint into Singapore, via Equinix’s SG1 International Business Exchange (IBX) data centre.
Following the news of Options’ 2020 expansion into Singapore, and in collaboration with the Monetary Authority of Singapore (MAS) and Equinix, FS clients can now leverage Options’ services to expand their own FX trading footprint in this market.
By leveraging Platform Equinix, Options can provide a leading investment bank with an interconnection-rich environment for low latency and high security FX 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, Options’ President and CEO, says: “As one of the first Managed Service Providers to have attained Equinix Platinum Partner status, we are delighted to be able to work in partnership to deliver this service extension for an existing client. Singapore is the third-largest FX location globally, and as such, is a region we have continued to prioritise for our own growth over the past number of years. It is fantastic that a client is expanding its FX footprint in the region through Options.”
John Knuff, Vice President, Business Development at Equinix, adds: “With Singapore becoming a major global FX hub, Equinix is excited to be working in collaboration with Options to facilitate global FX trading in a secure and low latency environment. In an increasingly competitive industry, businesses need to make sure their IT infrastructure is capable of real-time trading and price matching. With Equinix’s FX hubs also situated in London, New York and Tokyo, our platform provides connectivity between these key regions of the world.”
Options facilitates trading at hundreds of venues worldwide, with fully managed colocation services available alongside the firm’s application management solution, combining hosting with direct market access, total cost of ownership (TCO) reduction, and best-in-class resiliency and security compliance to SOC1, SOC2, SOC3, ISO27001 and AICPA standard.
In January 2020, Options received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform, whilst expanding its reach in key financial centres, globally.
