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

Options IT, the provider of the Options PIPE Private Financial Cloud services platform for the sellside and 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.

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 Systems 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 services 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.”

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