Governance, Risk & Compliance

Governance, Risk & Compliance

June 15, 2011

Options IT, SR Labs Deploy Low-Latency Market Data Services for Tokyo Stock Exchange

Options IT, a provider of financial cloud services for the sell side and buy side, announced that SR Labs, a provider of market data feed handlers for high-frequency trading strategies, has deployed two ultra-low latency feed-handling solutions for the Tokyo Stock Exchange (TSE) on the Options PIPE platform.

As more and more U.S. and European trading firms look to migrate their high-frequency trading strategies to the Asian markets, improved exchange speed and market liquidity have made Asian markets more attractive for firms deploying low-latency trading strategies.

“During the last six months we’ve seen demand spike for ultra-low latency trading solutions for the TSE Arrowhead market as conditions become more favorable for high-frequency trading,” said Nigel Kneafsey, CEO of Options IT, in a statement.

“We’re delighted to work with SR Labs, a leading provider of low-latency feed handling solutions to the trading community, to provide a complete managed technology solution to support increased demand in the region,” Kneafsey added.  

The low-latency market data services on Options PIPE Private Financial Cloud services platform provides trading firms with the first cost-effective, managed low-latency market data solution for Japanese markets.  

With this solution, SR Labs is now able to provide ultra-low latency market data feed handling for the TSE’s Arrowhead platform. It now offers both multicast/shared memory (MDRC) and in-process (MIPS) feed handling solutions as an on-demand private cloud service via Options PIPE Velocity, company officials said.

“Since the launch of Arrowhead in early 2010 and the subsequent launch of Chi-X Japan in July, the Asian market region has quickly developed the speed, liquidity and opportunity for arbitrage that is required for the growth of low-latency trading,” said Srinivasan Ramiah, CEO of SR Labs, in a statement.

Back in May Options IT announced  that it is offering the fastest possible lit fiber pathway to its clients offering lowest latency trading between Chicago and New York markets.

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Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Jennifer Russell

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