Global Bank Selects OptionsCity for Energy and OTC Trading Solutions
CHICAGO, July 30, 2013 /PRNewswire/ — OptionsCity Software (www.optionscity.com), a leading provider of electronic trading solutions, announced today that a global 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 on CME NYMEX and its OTC trades in Europe.
“Our client is an international firm that requires a robust technology set up 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 the North American and European regions.”
The bank integrated their internal systems into Metro via the Freeway API and will utilize Metro SmartComplete(TM), 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 whereby OptionsCity is investing in its European growth. The company recently announced that it would be opening a London based office in the third quarter and certifying to several more leading 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.
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About OptionsCity Software Inc.
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.
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SOURCE OptionsCity Software