NewsStocksOptions Technology Expands New York Office in the Financial District

Options Technology Expands New York Office in the Financial District

Author: LeapRate·

Key Takeaways

  • Options Technology opened a new 34,000-square-foot office at 28 Liberty Street in New York’s Financial District.
  • The company said growing client demand and increased North American activity drove the expansion.
  • The office is intended to bring the firm closer to Tier 1 banks, exchanges and other market participants.
  • Recent regional developments included immediate access to the Texas Stock Exchange and a quantum computing capability for New York capital markets.
  • The expansion follows other growth steps, including new offices in Cambridge, London and Hong Kong and the acquisition of Crossvale.
Options Technology Expands New York Office in the Financial District

Options Technology said Tuesday that it has expanded its New York office, citing growing client demand and increased activity across North America for its trading infrastructure and market data services.

The provider of IT infrastructure to financial institutions said the new 34,000-square-foot office in the city’s Financial District expands its footprint and places it closer to clients and partners, including several Tier 1 banks and exchanges. For firms that depend on low-latency connectivity, market data access and day-to-day support, being physically nearer to major market participants can also streamline coordination as trading and infrastructure needs become more complex.

The move comes after a series of recent regional developments for the firm, including providing immediate access to the Texas Stock Exchange and delivering what it described as the first commercially accessible quantum computing capability for New York’s capital markets.

“From when we opened the doors of our first New York office in 2006, we have gone from strength to strength,” said Tim Yockel, senior vice president of global sales.

“This new office is not only key in further establishing our presence in New York, but it also marks how much we have grown as a company over the past 20 years.”

Danny Moore, president and chief executive, said the opening at 28 Liberty Street was “a direct result of our success in this region,” and added that rising demand had established the firm “as the leading partner for top financial firms in New York but globally.”

The expansion follows other growth initiatives, including office openings in Cambridge, London and Hong Kong early last year and the recent acquisition of Crossvale. Options serves clients globally from offices in New York, London, Paris, Belfast, Tokyo, Singapore, Dubai and Sydney, among others.