Market data

Options IT adds market data to PIPE offering

Trading technology provider Options IT has introduced ACTIVFeed, an alternative market data feed provided by market data provider ACTIV Financial, to its Options PIPE financial technology infrastructure platform.

ACTIVFeed is designed to offer trading firms a highly compressed data stream delivering every tick on every market instrument to their trading platform with minimal bandwidth footprint.

The Options PIPE platform services – PIPE Velocity, PIPE Velocity and PIPE Core – are custom built technology systems intended to provide firms with a fully managed financial technology infrastructure.

“To provide low latency and cost effective market data solutions, content and technology must go hand-in-hand,” said Frank Piasecki, president and co-founder of ACTIV Financial. “Clients who access ACTIVFeed through Options IT can now enjoy fast access to high volumes of top quality, comprehensive global market data delivered over a flexible and dynamic platform.”

Nigel Kneafsey, CEO at Options IT added that providing additional content to the PIPE platform through partnerships was a priority for the firm.

Options IT was recently chosen by Hong Kong-based hedge fund start-up Oracle Capital to provide its technology infrastructure, on the basis of its PIPE Core platform in September 2010.