Fundamental Interactions Deploys First Virtualized ATS and Broker Matching Engine Platform on the Options PIPE® Private Financial Cloud

FIN Virtual Exchange, a Complete Trade Aggregation, Order Crossing, Routing and Execution Engine for ATS Operators and Broker/Dealers, is Available as a Service via the Options PIPE Platform

NEW YORK--(BUSINESS WIRE)--Options IT, the provider of the Options PIPE Private Financial Cloud services platform for the sellside, buyside and exchange communities, announced today that Fundamental Interactions, a provider of low-latency market data, risk management, and order routing and crossing solutions, has deployed its FIN Virtual Exchange order matching and execution engine on the Options PIPE platform.

“We’re delighted to work with Options IT to make it cheaper, faster and easier for those brokers to access the technology they need to optimize execution of client order flow.”

The FIN Virtual Exchange is a multi-asset, multi-region virtualized order book and matching engine for trade aggregation, order crossing, order routing, and trade execution. The trading platform can be deployed by Alternative Trading System and exchange operators or by broker/dealers as a virtualized order and execution management system (OEMS), with fully integrated compliance and reporting functionality.

The Options PIPE Private Financial Cloud is a fully managed global financial technology infrastructure service providing ultra-low latency market data, execution connectivity, colocated managed hosting for financial applications and a complete financial office solution for financial services firms.

Market operators and broker/dealers will now have on-Demand access to FIN Virtual Exchange as a fully managed solution via the ultra-low latency Options PIPE Velocity private cloud service.

“We’ve seen a dramatic increase among second-tier brokers seeking to improve trading performance and profitability through sophisticated order aggregation, internalization and routing strategies, which is a new development outside of the tier-one broker/dealer community,” said Julian Jacobson, President at Fundamental Interactions. “We’re delighted to work with Options IT to make it cheaper, faster and easier for those brokers to access the technology they need to optimize execution of client order flow.”

Nigel Kneafsey, CEO at Options IT, added: “We’re delighted to work with Fundamental Interactions to provide FIN Virtual Exchange as a cost-efficient, private-cloud deployed solution on the Options PIPE Private Cloud. This is a significant step in increasing the level of dynamic client interaction possible on our platform, as we now offer the technology needed to support exchanges, brokers and the buyside on a single, globally accessible and optimized financial services technology environment.”

About Fundamental Interactions (www.finteractions.com):
New York-based technology firm, Fundamental Interactions Corporation, raises the standard of performance, efficiency and value available within an electronic trading appliance. Rising to challenges and opportunities posed by regulation, technology and market structure, the company delivers targeted business advantages to broker dealers, hedge funds and proprietary trading firms. Fundamental Interactions designs global, multi-asset class trading systems that reduce latency and provide optimal infrastructure management efficiencies.

About Options IT (www.options-it.com):
Options IT is the provider of the global Options PIPE^® Private Financial Cloud services platform, delivering ultra-low latency market data, connectivity and fully managed application hosting services to the banking, trading and investment community. Combining innovative technology solutions with highly experienced technology management and support staff, the Options PIPE platform provides a complete financial technology infrastructure as a pay-as-you-use service.

Options PIPE^® Platform Services:

PIPE Velocity
An ultra-low latency market data, connectivity and application hosting service for all major markets across North America, Europe and Asia

PIPE Momentum
A fully managed and optimized financial application hosting service for proprietary and third-party applications spanning the front-, middle-, and back-office

PIPE Core
A complete business technology infrastructure service supporting all desktop and communication technology essential to financial services firms