OptionsCity Sees Growth in Electronic Energy Options Trading
Chicago, January 16, 2014 – OptionsCity, a leading provider of multi-asset electronic trading solutions for professional futures and options traders, said today that it is seeing a strong demand in the energy markets, where electronic trading at NYMEX and ICE exchanges has rapidly expanded over the past year. To help energy traders capitalize on these increasingly electronic markets, OptionsCity has made enhancements to its Metro and Freeway software offerings.
CME Group noted a 46% increase in energy options volume from December 2012 to December 2013 while ICE recently reported record futures volumes for 2013. Volume in electronically-traded energy options also increased on the NYMEX with WTI crude oil options showing 12% growth in the last quarter of 2013. With this growth, trading firms, market makers and brokers in the oil, natural gas, power emissions, and coal markets have been turning to OptionsCity’s software offerings to identify and act on new market opportunities with a robust trading platform, sophisticated options pricing, trade modeling and risk management tools. OptionsCity provides access to exchange-listed futures and options contracts alongside OTC venues through one intuitive platform.
“Firms making markets in energies have unique requirements and demand an exceptionally fast solution to respond to ever-changing market conditions,” said Jason Feller, Partner and Head of Energy Trading at Gator. “OptionsCity Metro meets these requirements.” “Traders in the electronic energy options markets, particularly in crude oil and U.S.-based natural gas, require an all-in-one solution for trading, analytics and risk management to take advantage of opportunities and manage positions,” said Jerald David, chief business development officer at OptionsCity. “And it is not just market makers and trading firms that need this, as the broker community has been an area where we see particularly strong demand for our risk and pricing tools.”
Upcoming enhancements to Metro include time and sales reporting, smart-quoting logic, a new global risk-control offering, average price options and strip pricing. The next generation of OptionsCity Metro is scheduled for release in the first quarter of 2014. To schedule a demo, please contact email@example.com or call +1 312.605.4500.
About OptionsCity Software As developers of the award-winning flagship electronic trading and market-making platform, Metro, OptionsCity Software has helped traders make markets and trade on the world's leading derivative markets with total control of trading, safety, and risk management since 2006. OptionsCity continues to innovate with the development of Freeway, a multi-asset automated trading platform designed to build, test, and deploy algorithms with micro-second execution. OptionsCity products are built with the 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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