NEW YORK & LONDON & REYKJAVIK, Iceland--(BUSINESS WIRE)--Aug 19, 2025--
Options Technology (Options), the leading provider of capital markets infrastructure, today announced a strategic private cloud expansion into Iceland with a new AI-optimized datacenter deployment. This move marks a significant step forward in supporting clients’ security and high-performance computing needs while dramatically reducing operational costs and advancing environmental sustainability goals.
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As one of the earliest private cloud providers in capital markets, Options continues to lead through innovation, with today’s announcement reinforcing its commitment to performance, resilience, and secure service delivery. This deployment is in direct response to increasing demand from Options’ clients, including hedge funds, investment banks, and proprietary trading firms, seeking to scale secure AI workloads without compromising on privacy, compliance, or ESG commitments.
Danny Moore, President and CEO, commented, “Our investment in Iceland is about more than just infrastructure; it’s about future-proofing the next generation of financial services. As the industry accelerates its adoption of private AI and large-scale compute, we are ensuring our clients have access to secure, scalable, and sustainable environments that align with their performance and ESG goals.”
The Iceland facility is designed for high-density private AI workloads, offering a 72% reduction in per kVA costs compared to traditional U.S. sites. Powered entirely by renewable energy, it delivers exceptional compute performance while allowing clients to report zero carbon emissions. Additional benefits include liquid cooling infrastructure, closed-loop water systems, and sub-100ms connectivity to both Europe and North America via redundant submarine cables.
This facility marks the first phase in a broader infrastructure modernization program, with further high-density, private AI-ready environments planned across key financial hubs in 2025 and beyond. This expansion also reflects broader industry trends with the global generative AI market in financial services projected to reach $15.7 billion by 2034, with financial institutions increasingly requiring secure, compliant environments to deploy AI at scale.
Today’s announcement builds on a series of recent milestones for Options, including its recognition in the Broadcom/VMware Global Partner Program, the expansion of its Cambridge operations to support growing demand for market data services, and the extension of its Microsoft Cloud Solution Partner capabilities into Dubai. Together, these developments reinforce Options’ commitment to delivering secure, scalable, and sustainable infrastructure at the heart of the world’s financial markets.
Options Technology:
Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Paris, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Dubai, Sydney and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).
www.options-it.com
Options Expands Private AI Infrastructure with Iceland Data Center Deployment
SURIN, Thailand (AP) — Fighting continued to rage Saturday morning along the border of Thailand and Cambodia, even after U.S. President Donald Trump, acting as a mediator, declared that he had won agreement from both countries for a ceasefire.
Thai officials have said they did not agree to a ceasefire, and Cambodia has not commented on Trump’s claim. Its defense ministry instead said Thai jets carried out airstrikes Saturday morning. Cambodian media reported Trump’s claim without elaborating.
The latest large-scale fighting was set off by a skirmish on Dec. 7 that wounded two Thai soldiers and derailed a ceasefire promoted by Trump that ended five days of earlier combat in July over longstanding territorial disputes.
The July ceasefire was brokered by Malaysia and pushed through by pressure from Trump, who threatened to withhold trade privileges unless Thailand and Cambodia agreed. It was formalized in more detail in October at a regional meeting in Malaysia that Trump attended.
About two dozen people have officially been reported killed in this past week’s fighting, while hundreds of thousands have been displaced on both sides of the border.
The Thai military acknowledges 11 of its troops have been killed, while estimating there have been 165 fatalities among Cambodian soldiers. Cambodia has not announced military casualties, but has said at least 11 civilians have been killed and 76 wounded.
Trump on Friday, after speaking to Thai Prime Minister Anutin Charnvirakul and Cambodian Prime Minister Hun Manet, had announced an agreement to restart the ceasefire.
“They have agreed to CEASE all shooting effective this evening, and go back to the original Peace Accord made with me, and them, with the help of the Great Prime Minister of Malaysia, Anwar Ibrahim,” Trump said in his Truth Social post.
Trump’s claim came after midnight in Bangkok. Thai Prime Minister Anutin had after his call with Trump said he had explained Thailand’s reasons for fighting and said peace would depend on Cambodia ceasing its attacks first. The Thai foreign ministry later explicitly disputed Trump’s claim that a ceasefire had been reached. Anutin's busy day on Friday including dissolving Parliament so new elections could be held early next year.
Cambodian Prime Minister Hun Manet, in comments posted early Saturday morning, also made no mention of a ceasefire.
He said he held phone conversations on Friday night with Trump, and a night earlier with Malaysia’s Prime Minister Anwar Ibrahim, and thanked both “for their continuous efforts to achieve a long-lasting peace between Cambodia and Thailand.”
“Cambodia is ready to cooperate in any way that is needed,' Hun Manet wrote.
Thailand has been carrying out airstrikes on what it says are strictly military targets, while Cambodia has been firing thousands of medium-range BM-21 rockets that have caused havoc but relatively few casualties.
BM-21 rocket launchers can fire up to 40 rockets at a time with a range of 30-40 kilometers (19-25 miles). These rockets cannot be precisely targeted and have landed largely in areas from where most people have already been evacuated.
However, the Thai army announced Saturday that BM-21 rockets had hit a civilian area in Sisaket province, seriously injuring two civilians who had heard warning sirens and had been running toward a bunker for safety.
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Peck reported from Bangkok. Sopheng Cheang in Serei Saophoan, Cambodia, and Matthew Lee in Washington contributed to this report.
An evacuee tastes soup as she takes refuge in Banteay Menchey provincial town, Cambodia, Saturday, Dec. 13, 2025, after fleeing from home following fighting between Thailand and Cambodia. (AP Photo/Heng Sinith)
Evacuees cook food as they take refuge in Banteay Menchey provincial town, Cambodia, Saturday, Dec. 13, 2025, after fleeing homes following fighting between Thailand and Cambodia. (AP Photo/Heng Sinith)
Children raise their hands while receiving donation from charity as they take refuge in Banteay Menchey provincial town, Cambodia, Saturday, Dec. 13, 2025, after fleeing homes following fighting between Thailand and Cambodia. (AP Photo/Heng Sinith)
Evacuees wait to receive donation from local charity as they take refuge in Banteay Menchey provincial town, Cambodia, Saturday, Dec. 13, 2025, after fleeing homes following fighting between Thailand and Cambodia. (AP Photo/Heng Sinith)
Village security volunteers and resident run into shelter while the blasts sounded too close in Buriram province, Thailand, Friday, Dec. 12, 2025, following renewed border conflict between Thailand and Cambodia. (AP Photo/Sakchai Lalit)
