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Options Announce 12 Years of AICPA Service Organisation Controls (SOC) Compliance

Options Technology, the leading provider of cloud-enabled managed services to the global capital markets, has announced compliance with the American Institute of Certified Public Accountants (AICPA) ISAE3402, SOC1, SOC2 and SOC3 standards for the twelfth consecutive year.

“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 our security controls, managed services, and internal audit remain second to none, and that future SOCs are as clean and successful as the previous.”

In 2011, Options became one of the first cloud infrastructure providers to achieve SOC 2 Type II compliance. The firm has continued to meet the latest AICPA examinations each year since. Audit compliance attests that Options meets the latest information security, data availability, and privacy standards.

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Options Chief Security Officer, John Gracey, commented, “As we enter our twelfth year of SOC compliance, it is clear how the standards have continually evolved year on year, as have the breadth and depth of the examinations. This trend shows no sign of slowing; if anything, security is moving faster than ever, and we expect this trend to continue for 2022 and beyond.

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“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 our security controls, managed services, and internal audit remain second to none, and that future SOCs are as clean and successful as the previous.”

The examination was conducted by fully accredited, independent auditors who inspected operations and services delivered during the 12 preceding months.

Today’s news comes as the latest in a series of strategic announcements for Options, including the accomplishment of VMware Cloud Verified Status in NY5 and LD4 campuses, partnership with Code Willing, and an agreement to provide MEMX with Market Data Access across New York and Chicago.

In 2019, 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.

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[To share your insights with us, please write to sghosh@martechseries.com]

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