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The exact terms of the deal were not disclosed.
As part of the acquisition, Option IT will provide many of BNP Paribas hedge fund clients with its technology infrastructure services, which comprises of a fully hosted global business technology infrastructure.
All clients will continue to be BNP Paribas prime brokerage clients and will remain on its prime brokerage platform.
The clients will be seamlessly integrated onto Options IT PIPE, which supports Option IT core solution as well as a full suite of global market data and highfrequency, lowlatency trading infrastructure solutions.
Options IT has also acquired three regional data centers in California, Texas and New Jersey as part of the deal, adding to its 12 existing data centers across the US, the UK, Europe and Asia.
The company has also acquired two regional offices in California and Texas and added IT engineering, management and support staff to its US operations.
Options IT provides technology infrastructure solutions to more than 120 hedge funds, broker/dealers, prop trading firms, fund of funds and private equity firms.
These IaaS solutions range from infrastructure and technology management for essential business operations to lowlatency global connectivity and market data feeds.
are delighted to have worked closely with BNP Paribas to seamlessly transition their clients colocation technology needs onto Options IT Core and significantly expand our US presence, a key part of our global strategy, says Nigel Kneafsey, CEO of Options IT. the past 18 months, we seen a remendous shift among financial markets participants looking to expand the scope of their global business while minimizing their technology and IT maintenance costs. Our infrastructure as a service model provides clients with an optimal solution a robust, flexible and cost certain platform on which to execute their global business strategies. Seamless integration with most software. Team up with TransFirst today.
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