Anova Technologies Brings the Fastest Exchange Connectivity to the CBOE

Anova Technologies, a custom optical engineering firm, will now offer ultra-low latency connectivity between 350 Cermak and 400 S Lasalle, bringing a key gateway to NY/NJ options exchanges and the CBOE into the ultra-low latency loop. As is standard, Anova’s path will displace the available offerings by providing a significant speed advantage to its clients.

Low Latency in the Options Market

“We’re linking up the network between these two POPs in the options market in a way that drives latency into picoseconds,” stated Michael Persico, CEO and founder of Anova Technologies. “It’s the perfect package for firms executing latency sensitive strategies - reliable and consistent light speed connectivity.”

Anova Technologies specializes in creating the truly fastest paths, using the best equipment.; Much of what the company deploys has been customized from a software, hardware or micro-build perspective. With a fabric of routes throughout the equities and FX exchanges, this is the inaugural route into the burgeoning options market.

A Brief History of Options

Although options trading can be traced back in history thousands of years, in the US the standardized listed options market came into fruition in 1973 with the opening of the CBOE. That first day saw 911 call contracts on 16 underlying stocks traded. Within a handful of years, other exchanges began offering listed options and put options were introduced. Thus began the options trading market as we know it today.

The significant second evolutionary wave of options trading began in 1989 with the introduction of the CBOE ebook, the first electronic platform. Subsequent modernizations, from hand held terminals on the trading floor through hybrid and electronic trading systems, ignited an upwards drive in volume that culminated in over 4.6 billion options contracts clearing in 2011. With this rise in volume, has come an expansion in electronic trading strategies that draw on latency and collocation for success. Anova Technologies has risen to not simply meet the demands of those strategies, but also, raise the standards.

“We design each route to measurably surpass the incumbent connectivity providers in all areas… speed, capacity, service… you name it. This is the nexus of Anova…our company thrives in this space, offering the largest trading houses the latency reductions necessary to maintain their top trading positions,” continued Mr Persico.