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Options Technology: A Leader in Financial Services Achieves 13th Consecutive Year of SOC Compliance

Gracie Gottlieb | 31 January, 2024

London, New York, Hong Kong—Options Technology, the leading provider of cloud-enabled managed services to the financial sector, has announced its 13th consecutive year of compliance with the American Institute of Certified Public Accountants (AICPA) ISAE3402, SOC1, SOC2, and SOC3 standards.

In a rapidly evolving digital landscape, where cybersecurity threats are on the rise, achieving SOC compliance is crucial for organizations. SOC compliance attests that Options Technology meets the latest information security, data availability, and privacy standards.

Options Technology's Chief Security Officer, John Gracey, expressed his satisfaction with the achievement, stating, "SOC remains the pinnacle for service organizations, and we are pleased to announce the successful completion of our 13th consecutive year in compliance. The past year has witnessed an unprecedented emphasis on data security and third-party governance, especially within the financial sector. SOC stands as a testament to our unwavering commitment to consistently meet and exceed these stringent requirements."

The examination for SOC compliance was conducted by fully accredited, independent auditors who thoroughly inspected Options Technology's operations and services delivered over the preceding 12 months.

Danny Moore, President and CEO of Options Technology, emphasized the importance of SOC accreditation for providing top-tier solutions in the global capital markets. Moore stated, "At Options, we firmly believe that SOC Accreditation serves as the bedrock of our commitment to delivering mission-critical Cloud services for the global Capital Markets. Our unwavering dedication to security and compliance ensures that we provide top-tier solutions for the world's leading banks."

This achievement follows Options Technology's recent milestones, including securing the Fifth Microsoft Solutions Partner status, earning the Microsoft Solutions Partner designation for Security, forging a strategic partnership with Valantic FSA, and testing OpenAI with Real-Time Market Data in Azure. These developments highlight Options Technology's commitment to staying at the forefront of technology innovation in the financial services industry.

Since receiving investment from Abry Partners in 2019, Options Technology has been able to accelerate its growth strategy and develop its technology platform while expanding its reach in key financial centers worldwide.

Options Technology is a global leader in financial technology, specializing in Capital Markets technology and enterprise-grade solutions. With a presence in major financial hubs such as New York, London, Hong Kong, and Tokyo, Options Technology provides mission-critical services to clients worldwide. The company offers a range of solutions, including high-performance Networking, Cloud, Security, Modern Desktop, AI (Artificial Intelligence), and Market Data solutions.

To learn more about Options Technology and its services, visit www.options-it.com. You can also follow them on Twitter (@Options_IT) and connect with them on LinkedIn.

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