Oracle Capital Selects Options IT as Technology Infrastructure Provider
Oracle has leveraged the Options PIPE Core service, a complete business technology infrastructure service supporting all desktop and mobile communication technology essential to financial services firms.
According to Options, PIPE Core is offered as a standalone solution or fully integrated with the PIPE Velocity and PIPE Momentum services as a complete front-to-back-office financial technology platform.
Oracle Capital focuses on fixed income products, particularly in the areas of credit, fixed income derivatives and securitization. The initial fund invests in products that reference corporate credit risk, including cash and synthetic CDOs.
Fredric Teng, COO at Oracle Capital, said: “After an extensive review of technology infrastructure management options, we chose the PIPE Core service because it offers a robust solution that can scale in lock-step with our business.
“By placing the on-going role of infrastructure management in the hands of a trusted provider like Options IT, we’re able to focus our efforts on optimizing creative trading strategies to take full advantage of current market opportunities for our maiden fund - Oracle Investment Fund SPC.”
Nigel Kneafsey, CEO of Options IT, said: “We’re delighted to have been selected by Oracle Capital to provide infrastructure management and support services.
“PIPE Core, like all PIPE services, provides clients with an enterprise strength solution delivered as a hosted service, ensuring optimal performance and efficiency, and allowing firms to channel their resources into optimizing portfolio management and trading strategies.”
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