Options Technology adds low latency connectivity to Taiwan markets
“This strategic move reflects our commitment to providing clients with the latest connectivity solutions across the complex APAC markets and is a key part of our rapid growth trajectory in the region.”
Options Technology has expanded its onshore trading infrastructure offering in Chunghwa Telecom’s Banqiao IDC, Taiwan, in a move that facilitates low latency market access for clients to TWSE, TAIFEX, and TPEx with access to the latest trading infrastructure and global connectivity to trade across APAC and the global markets.
The expansion of Options Technology’s onshore services in Taiwan is a key part of the company’s growth strategy, as it seeks to provide clients with low latency and robust service connectivity solutions to exchanges across the region.
“Connectivity solutions across the complex APAC markets”
Danny Moore, President and CEO at Options Technology, commented: “We are delighted to announce the expansion of our onshore offering covering raw and normalized market data services and colocation capabilities in Banqiao IDC in Taiwan. This strategic move reflects our commitment to providing clients with the latest connectivity solutions across the complex APAC markets and is a key part of our rapid growth trajectory in the region.”
With the onshore expansion, Options Technology is well-positioned to meet the growing demand for Tier 1 Trading Infrastructure services and Market Data solutions from global institutional clients.
Options ready for Options Price Reporting Authority (OPRA) data feed transition
Options Technology has recently announced its readiness for the upcoming Options Price Reporting Authority (OPRA) data feed transition scheduled for July 2023.
The upgrade to a fully resilient 100 Gbps mesh network is expected to enhance capacity, data quality, and processing speeds alongside security and compliance.
The 100 Gbps mesh network will ensure reliable and efficient distribution of OPRA data to trading proximity and colocation data centers across North America, as peak traffic spikes at around 37.3 Gbps, said the announcement which pointed to a transition from 48 to 96 data streams.
By migrating to the new 96-channel feed, Options Technology will also be mitigating increased infrastructure costs by handling Wide Area Network (WAN) distribution for clients, with full support for raw or normalized data through its ACTIV API.
Options has also recently partnered with Trade The Pool and completed SOC compliance for a 12th consecutive year. In 2019, 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 centers globally.