Options Technology to Acquire ACTIV Financial

Options Technology, a leading provider of IT infrastructure to global Capital Markets firms, Monday announced its acquisition of ACTIV Financial, a global provider of real-time, multi-asset financial market data and solutions. Financial details surrounding the acquisition have not yet been revealed.

According to the official press release, this deal is expected to reinforce Options’ commitment to continually add value and optimize their offering to capital markets firms.

In addition, the combination of Options’ core services will allow clients to bring their mission-critical applications closer to the data source, in essence bringing the query to the data, not the data to the query. In addition, this acquisition further supports Options’ growth strategy, allowing clients to benefit from an extensive market data footprint and global trading connectivity built on and supported by best of breed technologies, industry-leading automation and world-class cyber security and monitoring.

“We believe that merging the ACTIV data feed and software capabilities on top of the Options global network and infrastructure is probably the most impactful deal in the sector in the last decade,” said Danny Moore, Options’ President and Chief Executive Officer. “The industry has been crying out for a true next-generation platform focused on the coming decades, near zero latency, global, on modern hardware, fully Cloud Integrated, and fully backward compatible. Merging our platforms will bring all that and more.”

“The acquisition of ACTIV Financial by Options is an extremely exciting time in our history, and we are confident this deal will deliver a highly differentiated and competitive offering to both our current clients and the market as a whole. We believe this is the start of a new era in the market data industry providing unparalleled, fully managed market data services globally with our clients set to benefit from a wide range of strategic synergies,” Steve McNeany, Chief Executive Officer and Co-founder at ACTIV Financial, added.

Earlier this year, Options closed on its acquisition of Fixnetix​, a DXC Technology Company. Financial terms of the agreement were not disclosed. This deal supports Options' growth strategy and combines two industry leading teams committed to optimising the service offered to their customers across the financial sector.