OptionsCity Software Inc.
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| OptionsCity Software, Inc. | |
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| Founded | October of 2006 |
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| Headquarters | Chicago |
| Key People | President and CEO, Hazem Dawani |
| Products | Financial Trading Technology |
| Twitter ID | optionscity |
| Corporate Website | www.optionscity.com |
| Releases | Company News |
OptionsCity Software, Inc., founded in 2006, is a Chicago-based financial technology company that provides real-time electronic trading solutions to options traders who make markets, maintain liquidity, and trade on the world’s leading derivative markets. OptionsCity is a certified ISV (Independent Software Vendor) on the CBOE, CME, CBOT, NYMEX, COMEX, CFE, CBSX, ICE, NYSE AMEX, C2, and BOX.
On Oct. 12, 2010, OptionsCity announced it had been approved as a vendor for C2, the new options exchange planned by CBOE Holdings to launch later that month.[1]
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History
OptionsCity was started in 2006 by three software professionals and friends who shared the same passion and vision for technology and options trading.
OptionsCity released its electronic trading and market making platform OptionsCity Metro to its first client group in August of 2007 with connectivity to one exchange, the Chicago Board of Trade (CBOT). OptionsCity completed connectivity and certification to the Chicago Mercantile Exchange (CME), in December of 2007, and the Chicago Board Options Exchange (CBOE) in May of 2008, followed by the Intercontinental Exchange (ICE), and New York Stock Exchange (NYSE) AMEX. OptionsCity currently offers connectivity to 14 exchanges.
In November of 2009, OptionsCity entered into a strategic partnership with ACTIV Financial, a global manager of fully managed low-latency market data solutions.[2] ACTIV provides OptionsCity equity options traders with additional feeds, including both direct and fully managed consolidated market data feeds.
On April 12 of 2011, OptionsCity Software announced that it had signed a service partner agreement with YJT Solutions, a technology consulting firm, to extend its support team and provide additional support services to OptionsCity’s growing customer base. [3]
Products and Services
OptionsCity Metro is a fully configurable electronic trading and market making platform that creates a distinctive edge by enabling options traders to have full control over trading, safety, and risk management. OptionsCity Metro provides options traders with an intuitive interface, a dynamic quoting engine, mitigates risk substantially with an integrated risk management tool, lowers high-scale costs, and increases reliability.
OptionsCity's website offers a blog with regular updates from journalists Suzanne Cosgrove and Jessica Titlebaum.[4]
On August 22, 2011, OptionsCity unveiled Metro 3.0, offering new functionality including modeling and pricing enhancements, an Asian Pricing Model to meet the needs of its energy traders, quoting information management and major performance improvements.[5]
In September of 2011, OptionsCity released Freeway, a low-latency server-based algorithmic trading platform designed for deploying user-built multi-asset strategies.
Key People
- President and CEO, Hazem Dawani
- Vice President Development & CTO, Victor Glava
- Vice President Services, Rudy Fasouliotis
- COO, Margaret Wiermanski
Awards
In February of 2012, OptionsCity Metro was named "Best Options Trading Platform" by Wall Street Letter in the Institutional Trading Awards.
References
- ↑ Options City Certified and Ready to Trade on C2. OptionsCity.
- ↑ Press Release. Wall Street & Technology.
- ↑ OptionsCity Signs Service Partner Agreement with YJT Solutions. OptionsCity.
- ↑ Blog. OptionsCity.
- ↑ OptionsCity unveils Metro 3.0. OptionsCity.
