SOURCE: BLADE Network Technologies

BLADE Network Technologies

October 19, 2010 10:35 ET

Options IT Enhances Technology Service for High Frequency Trading With BLADE's 10 Gigabit Ethernet Ultra-Low Latency Switching Technology

PIPE® Velocity Ultra-Low Latency Market Data, Connectivity and Application Hosting Service Now Leverages BLADE's RackSwitch Technology

LONDON--(Marketwire - October 19, 2010) -  BLADE Network Technologies, Inc. (BLADE), the data centre switching company, today announced that Options IT, a provider of high-performance Infrastructure-as-a-Service (IaaS) to the buyside and sellside, has deployed BLADE's RackSwitch 10 Gigabit Ethernet (10GbE) top-of-rack technology to ensure lowest possible latency for clients of its PIPE® Velocity ultra-low latency market data, connectivity and application hosting service .

PIPE Velocity is a complete HFT technology solution, providing ultra-low latency market data, high throughput market connectivity and vendor neutral application hosting as a single, fully managed service for all major markets across North America, Europe and Asia. PIPE Velocity is one of three IaaS offerings provided via the Options PIPE® platform, a fully managed and optimize global technology environment offering on-Demand, Private Cloud technology solutions to more than 120 hedge funds, proprietary trading shops, investment banks and brokerage firms globally.

Options IT ensures optimal HFT performance for PIPE Velocity clients by continuously working to identify and minimize all possible platform latency. Deployment of BLADE's RackSwitch G8124's low latency, lossless top-of-rack 10GbE switching technology is one of the latest developments in that continuous process.

Nigel Kneafsey, chief executive officer, Options IT, said, "Our clients are among the most technologically sophisticated in the industry and require the lowest point-to-point network latency and highest throughput capacity possible to drive their trading strategies. Deploying BLADE's switching technology on our PIPE platform helps to ensure we deliver an optimal technology environment that meets our HFT clients' ultra-low latency requirements."

Commented Charles Ferland, vice president and general manager, EMEA, BLADE Network Technologies: "Here is another example of how the low latency, low cost and low power characteristics of our RackSwitch family are making it the most compelling switching solution for mission-critical high performance financial sector data centre networking applications. We are committed to bringing speed and intelligence to the network edge; closer to customers' business, users and innovations."

He added: "The most recent Tolly Enterprises benchmark affirms the BLADE RackSwitch G8124's superiority in switch latency, power consumption and price performance compared to Cisco's Nexus 5010 offering." 

According to the Tolly Report "BLADE Network Technologies RackSwitch G8124: Competitive Evaluation Versus Cisco Nexus 5010," September 2010-09-20, The BLADE Network Technologies RackSwitch G8124 demonstrated the following advantages over the Cisco Nexus 5010:

  • Delivers up to 4.6x lower latency
  • Delivers up to 23x more buffer capacity
  • Consumes up to 45% less power
  • Delivers up to 2.7x better price/performance

About Options IT (
Options IT is a global provider of ultra-low latency market data and connectivity, fully managed application hosting, and high-performance technology Infrastructure-as-a-Service for hedge funds, proprietary trading shops, investment banks and brokerages. Combining innovative, centralized technology solutions with highly experienced technology management and support staff, the Options PIPE® platform provides clients with a complete financial technology infrastructure solution that is cost efficient, quick to market, and provides full flexibility with a pay-as-you-go model. The Options PIPE platform provides the scalability, strength and security of an enterprise solution delivered with the efficiencies of a hosted technology service. With offices across North America, Europe and Asia, Options IT provides solutions to more than 120 clients globally.

Options PIPE® Platform Services:

PIPE Velocity
An ultra-low latency market data, connectivity and application hosting service for all major markets across North America, Europe and Asia

PIPE Momentum
A fully managed and optimized financial application hosting service for proprietary and third-party applications spanning the front-, middle-, and back-office

A complete business technology infrastructure service supporting all desktop and communication technology essential to financial services firms

About BLADE Network Technologies
BLADE Network Technologies (BLADE), the data center switching company, brings speed and intelligence to the network edge; closer to customers' business, users and innovations. BLADE's lossless, low-latency, and low-power RackSwitch and blade switches connect servers, storage and networks in the world's largest enterprises. Proven and interoperable, Unified Fabric Architecture is BLADE's solution for converged Ethernet and virtualization-aware networking for cloud computing, Web 2.0, financial services and other HPC applications. Visit: Twitter: @BLADENetwork

BLADE Network Technologies, the BLADE logo, BLADEHarmony, BLADEOS, FabricHarmony, iFlow Director, RackSwitch, RackSwitch Solution Partner, Smart Server Control, VMready, vNIC, NMotion and Unified FabricArchitecture are trademarks of BLADE Network Technologies. All product and company names mentioned herein may be the trademarks of their respective owners.

Contact Information

    Maxine Bingham
    BLADE Network Technologies
    (408) 886-5028
    Email Contact

    Annette Langley/Nigel Parker/Sophie Bailey
    Strategic Public Relations
    +44 (0)1494 434 434
    Email Contact

    Patrick Ruppe
    Head of Marketing, Options IT
    (646) 205-2500
    Email Contact