Options, Redline Expand Partnership
![nigel-kneafsey-ceo-options-it nigel-kneafsey-ceo-options-it](/sites/default/files/styles/landscape_750_463/public/import/IMG/727/195727/nigel-kneafsey-ceo-options-it-580x358.JPG.webp?itok=O9MvDNvQ)
Through the pairing, customers will have access to exchange-traded equities, options, futures and foreign exchange market data, as well as broker connections and the ability to submit and track order to the exchanges, according to a release.
The solution will be delivered via the Options Pipe Velocity offering, which provides low-latency trading functionality, FIX connections, and a market data and computing infrastructure.
"This latest evolution of our partnership with Redline is particularly exciting in that it is the first fully managed ticker plant solution being made available to Options customers through our Velocity platform," says Nigel Kneafsey, CEO of Options. "From a client's perspective, it will drastically lower the barriers to entry in a sector that demands firms build and maintain robust and highly agile platforms to cope with the ever-increasing need for higher throughput capacity and lower-latency data. The Options-Redline solution is a cost-effective means by which firms can leverage such a platform."
Options and Redline first teamed in 2010 when Redline deployed its InRush Accelerated Ticker Plant to Options' Private Financial Cloud platform.
"The ability to deploy an ultra-low latency market data and order execution platform in a managed environment is changing the game for trading firms by shrinking the amount of capital required to achieve a best-in-class solution," says Mark Skalabrin, CEO at Redline Trading Solutions. "The Options/Redline environment allows firms to focus on their trading strategies where differentiation drives profits."
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