TechDogs-'Options Promotes Former NYSE Technologies and Vela Trading Systems Executive Micah Kroeze to Chief Product Officer"

IT Infrastructure

Options Promotes Former NYSE Technologies and Vela Trading Systems Executive Micah Kroeze to Chief Product Officer

By Business Wire

Business Wire
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NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)--Options Technology, the leading Capital Markets services provider, today announced the promotion of Micah Kroeze to Chief Product Officer.

Micah joined Options as VP, Product Management in 2018 with extensive industry experience from NYSE Technologies and Vela Trading Systems, where he oversaw the growth of the firm's market data and hosted services product lines. He was subsequently appointed Senior Vice President of Product Management for Managed Colocation in 2021, with key responsibilities for Options' managed trading infrastructure and connectivity services, and the overall delivery of the firm's strategic roadmap.

Micah has been integral in many of Options' recent acquisitions and successes, particularly in the growth and transformation of Options' Managed Colocation business. Through his leadership, Options Managed Colocation has redefined the industry standards for infrastructure performance and reliability, becoming the go-to service provider for exchanges, investment banks, asset managers, and high-frequency trading firms. Options is a first-of-its-kind capital markets utility, guaranteeing the industry's lowest latency connectivity and highest degrees of reliability and transparency.

As Chief Product Officer, Micah will additionally be responsible for aligning Options' strategic product direction to the organisation's overall vision, and for leading the product team to help drive innovation and growth across Options' comprehensive suite of products and services.

Danny Moore, Options President and CEO, said, "Micah has played an instrumental role in the growth and expansion of the firm since joining the team in 2018. His outstanding efforts and product vision have helped cement Options' position as the market leader for capital markets infrastructure and data services. We are very happy to appoint him Chief Product Officer."

Speaking on his promotion, Micah Kroeze added, "I am honored to have the opportunity to work alongside the all-star team at Options as Chief Product Officer. The rigorous efforts of our engineering, operations, account, and product teams have brought cutting-edge innovations to the market and solidified our position at the forefront of the industry. I look forward to continuing the journey with Options as we deliver on our comprehensive vision for the future of the capital markets."

Today's news comes as the latest in a series of announcements for Options, including a sixth Microsoft Gold Partner Status in the Security competency, the successful go-live of Euronext Aruba IT3 Bergamo, and the inception of Options' Data Platform products, Data Store and Quantify.

In January 2020, Options received investment from Boston-based Private Equity Firm, Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform whilst expanding its reach in key financial centres globally.

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

Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.

Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 550 firms globally, providing an agile, scalable platform in an Investment Bank-grade Cybersecurity wrapper.

Options clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore and Auckland, Options are well placed to service its customers on-site and remotely.

In 2019, Options secured a significant growth investment from Abry Partners, a Boston-based sector-focused private equity firm. This investment has enabled Options to considerably accelerate its growth strategy to invest further in its technology platform and expand its reach in key financial centres globally.

Options have been named among the UK's leading growth companies in the 2021, 2020, 2019, 2018 and 2017 Sunday Times HSBC International Track 200 league table.

For more on Options, please visit www.options-it.com, follow us on Twitter at @Options_IT and visit our LinkedIn page.

About Abry Partners (www.abry.com)

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


Contacts

Press Contact: Niall McAleer
Email: niall.mcaleer@options-it.com

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First published on Wed, Jul 13, 2022

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