Options Announce 12 Years of AICPA Service Organisation Controls (SOC) Compliance

LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)--Options Technology, the leading provider of cloud-enabled managed services to the global capital markets, has today announced compliance with the American Institute of Certified Public Accountants (AICPA) ISAE3402, SOC1, SOC2 and SOC3 standards for the twelfth consecutive year.

In 2011, Options became one of the first cloud infrastructure providers to achieve SOC 2 Type II compliance. The firm has continued to meet the latest AICPA examinations each year since. Audit compliance attests that Options meets the latest information security, data availability, and privacy standards.

Options Chief Security Officer, John Gracey, commented, “As we enter our twelfth year of SOC compliance, it is clear how the standards have continually evolved year on year, as have the breadth and depth of the examinations. This trend shows no sign of slowing; if anything, security is moving faster than ever, and we expect this trend to continue for 2022 and beyond.

“Options is fully committed to investing in new technologies, additional resources, team development, partnerships, and the strategic use of Machine Learning and Artificial Intelligence to ensure our security controls, managed services, and internal audit remain second to none, and that future SOCs are as clean and successful as the previous.”

The examination was conducted by fully accredited, independent auditors who inspected operations and services delivered during the 12 preceding months.

Today’s news comes as the latest in a series of strategic announcements for Options, including the accomplishment of VMware Cloud Verified Status in NY5 and LD4 campuses, partnership with Code Willing, and an agreement to provide MEMX with Market Data Access across New York and Chicago.

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 centres globally.

For further information on Options SOC offering or to view our latest SOC report, please click here.

About Options (www.options-it.com):

Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.

Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 550 firms globally, providing an agile, scalable platform in an Investment Bank-grade Cybersecurity wrapper.

Options clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore, and New Zealand, Options are well placed to service their customers both on-site and remotely.

In 2019, Options secured a significant growth investment from Abry Partners, a Boston-based sector-focused private equity firm. This investment has enabled Options to considerably accelerate its growth strategy to invest further in its technology platform and expand its reach in key financial centres globally.

Options has been named among the UK’s leading growth companies in the 2021, 2020, 2019, 2018, and 2017 Sunday Times HSBC International Track 200 league table.

For more on Options, please visit www.options-it.com, follow us on Twitter at @Options_IT, and visit our LinkedIn page.

About Abry Partners (www.abry.com)

Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.