07.31.2013
By Terry Flanagan

Global Bank Selects OptionsCity for Energy and OTC Trading Solutions

Chicago – OptionsCity Software (www.optionscity.com), a leading provider of electronic trading solutions, announced today that a Tokyo-based financial institution has deployed OptionsCity Metro and OptionsCity Freeway to its traders in New York and London. The OptionsCity trading platforms were adopted by the bank’s energy trading operations for trading on NYMEX and its Over-the-Counter trades in Europe.

“Our client is an international firm that requires a robust technology to complement their trading capabilities, and we are delighted that OptionsCity was selected as a partner,” said Jerald David, Chief Business Development Officer of OptionsCity Software. “We are seeing solid demand and growth for our solutions within institutional customers in both North American and Europe.”

 

The bank integrated their internal systems into Metro via the Freeway API and will utilize Metro SmartComplete™, a feature that reduces response time for pricing complex spreads. Recent enhancements have also been made to the Metro market making engine, allowing the bank to take advantage of optimal quote prioritization.

This development comes at a time when OptionsCity is investing in its European expansion.  The company recently announced that it would be opening a London based office in the third quarter of 2013 and certifying to several more leading European exchanges.

OptionsCity Metro is a fully configurable electronic trading and market making platform that delivers a distinctive edge by enabling traders to have full control over trading, pricing, and risk management. Award-winning OptionsCity Freeway boasts a full development environment for custom-built algorithmic trading strategies and is fully integrated with Metro.

Contact info@optionscity.com or +1 312.605.4500 to arrange a meeting with a representative.

About OptionsCity Software Inc.

As developers of the award-winning Metro electronic trading and market-making platform, Chicago-based OptionsCity Software has helped options traders make markets and trade on the world’s leading derivative markets since 2006.  OptionsCity continues to innovate with the development of Freeway, a multi-asset trading platform designed to build, test, and deploy algorithms with micro-second execution. OptionsCity products are built on power, speed and reliability that traders require to have full control over trading, safety, and risk management. OptionsCity is a certified Independent Software Vendor on leading global derivative exchanges and markets. For more information, please visit www.optionscity.com.

 

Contact:                 Kim Pike
Phone:   +1 (312) 605-4517
Email:    kpike@optionscity.com

Disclaimer: This press release contains forward-looking statements with the exception of historical information. The matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks are properties of their respective owners.

 

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