Options Announces 12 Years of AICPA Service Organization Controls (SOC) Compliance | Your money

LONDON & NEW YORK & HONG KONG–(BUSINESS WIRE)–February 15, 2022–

Technology Optionsthe leading provider of cloud-based managed services for global financial markets,today announced compliance with the American Institute of Certified Public Accountants (AICPA) ISAE3402, SOC1, SOC2 and SOC3 standards for the twelfth consecutive year.

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Options Announces 12 Years of AICPA Service Organization Controls (SOC) Compliance (Photo: Business Wire)

In 2011, Options became one of the first cloud infrastructure providers to achieve SOC 2 Type II compliance. The firm has continued to pass the latest AICPA exams every year since. Audit compliance demonstrates that Options adheres to the latest standards for information security, data availability and privacy.

Options Director of Security, John Gracey, said: “As we enter our twelfth year of SOC compliance, it is clear that the standards have continually evolved year on year, as have the scope and depth of examinations. This trend shows no signs of slowing down; on the contrary, security is changing faster than ever, and we expect this trend to continue in 2022 and beyond.

“Options is fully committed to investing in new technologies, additional resources, team development, partnerships and the strategic use of machine learning and artificial intelligence to ensure that our security controls, our managed services and our internal auditing remain unmatched and that future SOCs are as clean and successful as previous ones.

The review was carried out by fully accredited independent auditors who inspected the operations and services provided over the previous 12 months.

Today’s news is the latest in a series of strategic announcements for Options, including achieving VMware Cloud Verified status on both NY5 and LD4 campuses, a partnership with Code Willing, and an agreement to provide MEMX access to market data in New York and Chicago.

In 2019, Options received an investment from Boston-based private equity firm Abry Partners. This investment allowed Options to accelerate its growth strategy and develop its technology platform while expanding its reach in major financial centers around the world.

For more information on the Options SOC offering or to view our latest SOC report, please click here.

About Options (www.options-it.com):

Options Technology is the #1 provider of IT infrastructure for global capital markets firms, supporting their operations and ecosystems.

Founded in 1993, the company began life as a provider of hedge fund technology services. Today, the company provides high-performance managed trading infrastructure and cloud-managed services to more than 550 companies worldwide, delivering an agile and scalable platform in an investment bank-grade cybersecurity wrapper.

Options clients include major global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity firms and exchanges . With offices in 8 key cities; In New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore and New Zealand, Options is well positioned to serve clients on-site and remotely.

In 2019, Options secured a significant growth investment of Abry Partners, a Boston-based industry-focused private equity firm. This investment allowed Options to significantly accelerate its growth strategy to further invest in its technology platform and expand its reach in major financial centers around the world.

Options was named among the UK’s Leading Growth Companies in the 2021, 2020, 2019, 2018 and 2017 Sunday Times HSBC International Track 200 rankings.

To learn more about the options, please visit www.options-it.com, follow us on Twitter on @Options—IT, and visit our LinkedIn page.

About Abry Partners ( www.abry.com )

Abry is one of the most experienced and successful industry-focused private equity investment firms in North America. Since its inception in 1989, the firm has completed more than $82 billion in leveraged transactions and other private equity or preferred equity investments. Currently, the firm manages over $5.0 billion of capital in its active funds.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220215005799/en/

CONTACT: Press Contact: Page McLaughlin

Email: [email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE FINANCE BANKING

SOURCE: Options Technology

Copyright BusinessWire 2022.

PUBLISHED: 2/15/2022 1:27 PM / DISK: 2/15/2022 1:28 PM

http://www.businesswire.com/news/home/20220215005799/en


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