Options IT, a leading provider of high-performance technology Infrastructure-as-a-Service (IaaS), managed hosting, ultra-low latency market data and connectivity for the buyside and sellside, today announced it has expanded its IaaS offerings with the launch of the PIPE Momentum financial application hosting service.

PIPE Momentum, the latest Options PIPE platform service, provides the buyside and sellside with a fully managed and optimized hosting service for financial applications spanning all front-, middle-, and back-office business processes. PIPE Momentum is offered as a stand-alone service or fully integrated with PIPE Velocity and PIPE Core to provide firms with a complete financial technology environment and market connectivity solution.

The Options PIPE platform, a fully managed and optimized, software-vendor-neutral, global technology infrastructure and market connectivity service, provides clients with the efficiencies of a hosted technology service delivered with the scalability, strength and security of an enterprise solution.

“The financial industry is in the midst of an enormous shift in its approach toward technology management,” said Nigel Kneafsey, CEO of Options IT. “This new model is exemplified by the separation of financial applications, proprietary or third-party, from the underlying technology infrastructure and market connectivity. This enables firms to achieve better performance, a higher degree of flexibility and strength, and ultimately remove the ongoing costs of platform optimization from their balance sheets.”