A new relationship between Options Technology, the top provider of capital markets services, and ETD (formerly Euromoney TRADEDATA), a major supplier of symbology, reference data, corporate actions, and legal entity data for the derivatives market, was announced today.
Using a pre-deployed technology stack that receives, translates, and broadcasts normalized tick data, ETD will use this relationship to give its clients access to Options’ high-quality data. Clients of ETD will have complete access to the international FX and CFD markets thanks to this.
Following Options’ purchase of ACTIV Financial and the subsequent integration of its normalized data services and API, the announcement was made. Options now give customers centralized access to sources of global market data for a variety of asset classes, as well as hosted trading infrastructure and direct communication to counterparties in a larger ecosystem of capital markets.
Option’s private financial cloud services, which combine hosting with direct market access, TCO reduction, and best-in-class resilience and security, enable trading at hundreds of venues around the world. These services also have fully managed infrastructure and connectivity.
“We are delighted to partner with ETD, who are recognized as one of the leading providers of symbology and reference data for the derivatives market,” said Danny Moore, president and chief executive officer of Options, in response to a question about the collaboration. Through this partnership, we will be able to offer our clients access to high-quality data in real-time coupled with the most cutting-edge trading solutions and industry knowledge, significantly broadening the scope of our data offering.
We look forward to working with ETD to capitalize on this momentum and our shared ambition for service quality, industry-leading solutions, and choice for our customers throughout the capital markets as we expand our services into new countries and territories.
“We are proud to partner with Options and be the only global symbology provider that can offer Activ Symbology globally,” continued Simon Coughlan, Interim General Manager and Technology Director for ETD.
Options is the appropriate partner for ETD as we continue to develop in how we meet the industry’s demand for new data sets and adaptable solutions. Options is the premier provider of IT infrastructure to enterprises operating in the global capital markets. We look forward to growing our partnership with Options and introducing more cooperative solutions that will aid in our clients’ efforts to increase the effectiveness of their trading activities.
The news that was released today is just the most recent in a string of noteworthy events for Options, including its testing of OpenAI with real-time market data in Azure, its accomplishment of Microsoft Solutions Partner certification for Infrastructure, and its collaboration with KX.
2019 saw Options secure funding from Boston-based Abry Partners, a private equity firm. With the help of this financing, Options has been able to strengthen its technology platform and accelerate its expansion plan while extending its presence in important financial hubs throughout the world.
Source: Fintec Buzz