Options Technology Selected as Primary Market Data Provider for GO Markets' Expansion into Asian Markets
Gracie Gottlieb | 9 August, 2023
Options Technology, the leading provider of financial technology and global market data solutions, has been chosen as the primary market data provider for GO Markets' expansion into Asian Markets. This strategic partnership will kick off with the provision of Hong Kong Stock Exchange data and the redistribution of derived CFD products, with the vision of extending into markets worldwide.
GO Markets, a regulated multi-award-winning global financial services provider, has selected Options as its underlying market data provider due to its advanced risk monitoring capabilities, efficient market data management, and globally leading infrastructure. By leveraging Options' ACTIV normalized data as the primary technology partner, GO Markets aims to enhance its offerings and provide clients with unparalleled insights and opportunities in the region.
Danny Moore, President and CEO at Options, expressed his delight at being chosen as GO Markets' primary market data provider, stating, "Our comprehensive suite of market data solutions and risk management tools will empower GO Markets to elevate their retail brokerage services and deliver real-time, accurate data to their clients. This partnership cements our commitment to enabling firms like GO Markets to thrive in today's fast-paced financial landscape."
Soyeb Rangwala, Director of GO Markets, commented on the partnership, stating, "Options' advanced market data capabilities align perfectly with our vision of providing top-notch services to our clients. Their technology and expertise will strengthen our risk management framework and empower us to expand our presence in the Asian markets, offering a seamless trading experience for our valued clients."
The initial phase of the partnership will focus on the Hong Kong Stock Exchange, where Options' market data solutions will enable GO Markets' clients to make informed trading decisions and execute strategies confidently. The redistribution of derived CFD products will provide a layer of diversification and flexibility for traders seeking new opportunities in the region.
Both firms are eager to explore opportunities to expand their collaboration into additional markets, starting with Hong Kong and then expanding across markets in South East Asia.
This partnership comes as the latest in a series of exciting developments for Options, including their deployment of real-time market data feed from Aquis Stock Exchange and Börse Stuttgart, the deployment of OPRA in Frankfurt FR2, and their expansion of onshore trading infrastructure and colocation services in Taiwan.
Options Technology, founded in 1993, is the No. 1 provider of IT infrastructure to global Capital Markets firms. They provide high-performance managed trading infrastructure and cloud-enabled managed services to over 550 firms globally. With offices in 8 key cities, Options is well-positioned to service its customers 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 allowed Options to accelerate its growth strategy, develop its technology platform, and expand its reach in key financial centers globally.
GO Markets, on the other hand, began in Australia in 2006 as an online provider of CFD trading services. Since then, they have evolved their technology, services, and education to provide clients with the best possible trading experience. Recognized as Australia's first MT4 broker, they now offer a wide range of platform solutions and tradeable CFD instruments, catering to the diverse needs of their clients.
Both Options and GO Markets are leaders in their respective fields and strive to provide innovative solutions and exceptional services to their clients. This strategic partnership between the two firms will undoubtedly create synergies and drive growth in the Asian markets and beyond.
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