Options Technology, a provider of cloud-enabled managed services to the global financial space, has promoted Laura McCann to the position of Chief Financial Officer (CFO). McCann previously served as VP Corporate Controller since 2016.

This leadership change coincides with Jon Lambert, who has been serving as the CFO since January 2016, transitioning to the role of Senior Vice President of Corporate Development. Lambert's new responsibilities will encompass the firm's plans for partnerships, mergers, and acquisitions.

Danny Moore, the President and CEO of Options Technology, mentioned: "Laura's promotion to CFO is the next stage in our long-term strategy of building a world-class finance team servicing the global business from our Belfast office."

Options Technology Eyes Global Expansion

According to the company, the consolidation of its finance teams into a unit stationed in Belfast marks an important step for its operations. This approach of uniting diverse talents from various geographical locations is expected to strengthen the company's scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term as it continues to expand over the next five years.

In October, Options Technology launched StrataNet, a global trading network, to offer traders access to market data and multiple trading venues.

This network, featuring 100Gb connectivity, ensures low-latency data transmission and empowers traders to make faster decisions, the company noted. It allows investors the flexibility to choose between dedicated or shared hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term solutions or to connect directly to the network from existing environments for seamless access to global markets.

Options Technology's Global Partnerships

Early this year, Options Technology joined forces with Tools for Brokers, a provider of trading technology. This partnership focuses on delivering market data streaming services to retail brokers. By leveraging Options' access to various assets and hardware solutions for data transmission, retail brokers can access a wide array of financial instruments in real-time and delayed formats.

Tools for Brokers has a presence in the UK, Cyprus, Scotland, Russia, and Singapore. The firm mentioned that its global presence underscores its commitment to providing innovative trading solutions on a wider scale.