Options Expands New York Office as North American Demand Grows
Options Technology extended its New York office after increased client growth and rising demand for its trading infra and market data solutions across North America. The company has opened a new 34,000-square-foot office in New York's Financial District. The expansion brings Options closer to major clients and partners, including Tier 1 banks and exchanges.
Supports Client Growth
The new office at 28 Liberty Street increases Options' footprint in New York. The location places the company in the centre of the city's financial district. It eases working with financial institutions and market participants. The expansion follows multiple developments in the US. Options recently enabled immediate access to the Texas Stock Exchange (TXSE) and introduced the first commercially viable quantum computing capability. They help the company provide ultra-low-latency connectivity and high-performance computing for financial markets.
What Executives Say
Tim Yockel, Senior Vice President of Global Sales, said the new office shows the company's steady growth since it first entered New York in 2006. He explained that the larger office toughens Options' presence in the city and show the business has expanded over the past 20 years.
Danny Moore, President and CEO, said New York is among the company's most important markets. He explained that the new office is a direct result of the company's success in the region and its growing technology solutions demand. He also said the expansion helps Options strengthen its position as a technology partner for top financial firms in New York and other global markets as demand for its services rises.
Broader Growth Plans
The New York office expansion forms part of Options' wider growth strategy. The company opened offices in Cambridge, London, and Hong Kong early last year. Also, it recently completed the Crossvale acquisition.
About Options Technology
Options Technology is a financial technology company. Nigel Kneafsey, who started the business after building trading hardware for Goldman Sachs following a computer engineering competition, founded it in 1993. The company provides managed IT infrastructure, cloud-enabled services, networking, cybersecurity, market data, and ultra-low-latency connectivity for global capital markets. Its clients include investment banks, hedge funds, proprietary trading firms, brokers, exchanges, and private equity firms.
Wrapping Up
Options has expanded its New York presence to support growing demand across North America. The larger office suits the company's ongoing expansion efforts.
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