Innovative Order Execution and Risk Management Tool Provides Access to Key Energy Benchmarks
Offers Competitive Alternative with Connectivity to More Energy Markets
BOCA RATON, Fla., March 11, 2015 (GLOBE NEWSWIRE) -- OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, and Nasdaq today announced that OptionsCity is a preferred independent software vendor for Nasdaq Futures (NFX), the exchange group's U.S. based designated contract market (DCM). Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in 2015.
"OptionsCity is the leading software platform for options on futures traded on global futures exchanges," said Hazem Dawani, the CEO and cofounder of OptionsCity. "Supporting Nasdaq Energy Futures offers our clients the ability to find opportunities and execute new trading strategies."
OptionsCity will support Nasdaq energy futures immediately at launch with OptionsCity's flagship product, Metro NOW. Using Metro NOW, which will launch to all of OptionsCity's customers later this month, professional traders and financial institutions can customize their trading experience with robust pricing, execution and risk-management tools.
"Market participants will be able to leverage OptionsCity's innovative platform for electronic futures and options trading, and their widely used risk management system when accessing our energy futures offering," said Magnus Haglind, Chief Executive Officer of Nasdaq Futures. "Ultimately, our coordination with OptionsCity will empower us to better serve energy market participants around the world."
Nasdaq's Global Commodities business offers trading and clearing solutions for various related assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. With market makers, liquidity providers and competitive fees, Nasdaq provides a liquid, transparent and efficient marketplace that appeals to all types of trading entities.
About OptionsCity Software:
OptionsCity Software powers the trading, risk management and analytics needs of professional futures and options traders, market-makers and financial institutions worldwide. OptionsCity's diverse suite of powerful tools includes Metro, its flagship electronic trading and market-making platform, and Freeway, a multi-asset automated trading engine designed to build, test, and deploy algorithms with micro-second execution. OptionsCity is a certified Independent Software Vendor on leading global derivative exchanges and markets. For more information, please visit www.optionscity.com.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit http://nasdaq.com/ambition or http://business.nasdaq.com.
CONTACT: OptionsCity Media Contact: Mark Meadows +1 312 971 2366 (office) +1 302 353 8258 (mobile) firstname.lastname@example.org NASDAQ OMX Media Contact: Robert Madden +1 347 740 0191 (mobile) Robert.Madden@NASDAQOMX.com
Source:The NASDAQ OMX Group, Inc.;OptionsCity Software