Optimus Futures Now Supports OptionsCity’s CityTrader, Offering Clients Unparalleled Access to Options on Futures

CHICAGO – February 1, 2016 – OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced that Optimus Futures now supports CityTrader, OptionsCity’s cloud-based trading platform. CityTrader provides active traders robust tools and functionality to trade both futures and options on futures.

“In December 2015, the CME Group reported 7.2 percent year-over-year growth in options on futures, well above the 1.5 percent growth in standard futures contracts,” said Iqbal Brainch, vice president of marketing and product strategy at OptionsCity. “While that growth is led by professionals, brokers are starting to see interest in trading options on futures grow from active, retail traders, just as the use of equity options accelerated in the early 2000s.”

CityTrader was designed to provide options on futures functionality as a core aspect of the platform, capitalizing on OptionsCity’s experience with professional traders and market makers. With CityTrader, Optimus Futures clients will find it easy to custom build futures and options spreads or request quotes directly from global exchanges.

At the same time, Brainch noted, CityTrader also provides brokers with a single access point to view and control their client’s risk – something many platforms lack.

“Clients choose Optimus Futures not just for our transparent pricing and high-touch personal support, but for easy access to advanced technology offerings,” said Matt Zimberg, president of Optimus Futures. “That means we rigorously test and become ingratiated in new technology platforms before supporting them. We were not only impressed with what new functionality CityTrader could offer our clients, but the ease at which it can be integrated with our clearing partners.”

For more information about CityTrader, please visit http://www.optionscity.com/city-trader/.

For more information about Optimus Futures and to open an account, please visit:https://optimusfutures.com/.

 

About OptionsCity Software

OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges. For more information, please visit www.optionscity.com.

 

About Optimus Futures

Optimus Futures is a leading online futures broker that caters to traders seeking low latency execution and stable data feeds combined with aggressive margins and deep discount commissions. We are an Independent Introducing Broker with relationships with multiple Futures Clearing Merchants (FCM’s) giving us greater flexibility to match you with your trading needs. For more information, please visitwww.optimusfutures.com.

There is a substantial risk of loss in futures and options trading. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past performance is not indicative of future results.  The purchaser of options may offset or exercise the options or allow the options to expire. Selling (‘writing’ or ‘granting’) an option generally entails considerably greater risk than purchasing options.  Please Read Full Disclaimer Here:https://optimusfutures.com/RiskDisclosure.php

OptionsCity Announces CityTrader Platform is Now Available with DAW Trading

CHICAGO – January 20, 2016 – OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced that its cloud-based futures and options trading platform, CityTrader, is now available to DAW Trading clients. With CityTrader, DAW Trading clients will find robust futures and options trading functionality, with the ability to request live quotes from the exchange and build custom spreads.

 

“As volatility in commodity markets has increased, so has the need for a platform with powerful futures and options capabilities,” said DAW Trading Senior Vice President Robert Ruppert. “CityTrader offers that functionality in a clean and compact interface, accessible from anywhere.”

 

DAW Trading, a division of Dorman Trading LLC, specializes in commodity, futures and options clearing.

 

“Whether trading a standard futures contract or employing more complex options strategies, CityTrader brings full exchange functionality to any trader’s door,” said Hazem Dawani, CEO of OptionsCity. “And CityTrader is available where modern traders want it – via web browsers or in Windows and Mac desktop apps.”

 

For more information about CityTrader, please visit http://www.optionscity.com/city-trader/.

 

For more information about DAW Trading and to open an account, please visit:

http://www.dawtradingdiv.com or call them at 877-329-0006

 

About OptionsCity Software

OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges. For more information, please visit www.optionscity.com.

CityTrader Courts the Masses

The options-and-futures site believes the average trader could use its new platform to start trading with little instruction.

By THERESA W. CAREY

Nov. 7, 2015

OptionsCity Software, a small Chicago-based financial technology firm, has provided professional futures and options traders and market makers with a platform called Metro NOW since 2008. More recently, however, it’s begun to broaden its offerings to the retail market with CityTrader, a new cloud-based application rounding out its urban-themed lineup.

Iqbal Brainch, who oversees the firm’s marketing and product strategy, explains that OptionsCity “has looked at what a less sophisticated trader would want in terms of functionality, and built a system from the ground up.” He believes the average retail trader could be able to trade on it with little instruction. In contrast, the firm’s professional version “is much more sophisticated and considerably more complex, with a very steep learning curve.”

The new CityTrader is accessible on your desktop from recent versions of Chrome, Firefox, Safari, and Internet Explorer. A mobile version is also being tested and should launch shortly. I was able to take a look at CityTrader on my iPad without much trouble using a Safari browser. I found the platform pretty easy to use overall and mostly intuitive, though I would have liked to see a few more sources of support for a new trader.

Read the Full Article at Barrons.com

Advantage Futures Adds Support for OptionsCity’s Cloud-Based Futures Platform, CityTrader

OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced that Advantage Futures’ clients now have access to CityTrader, OptionsCity’s cloud-based futures trading platform. With CityTrader, Advantage Futures adds a platform with robust pricing and analytics tools that works seamlessly for futures and options on futures trading across a number of different platforms.

“CityTrader is the most intuitive and flexible futures and options on futures trading experience available,” said OptionsCity CEO and cofounder Hazem Dawani. “Adding that option for Advantage Futures, one of the highest volume futures and options clearing firms in the industry, is the natural progression to expanding CityTrader’s base in the market.”

Advantage Futures also supports Metro NOW, OptionsCity’s flagship product for professional traders and market makers.

“At Advantage Futures, our clients demand technology options to meet a range of trading styles – whether rooted in a particular strategy or based on volume,” said Bill Harrington, Executive Vice President of Business Development at Advantage Futures. “When paired with our technology-driven clearing and execution services, CityTrader adds necessary tools to the arsenal of a modern trader.”

For more information about CityTrader, please visit http://www.optionscity.com/city-trader/.

About OptionsCity Software

OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges. For more information, please visit www.optionscity.com.

OptionsCity Unveils New Suite of Solutions to Help Power Global Exchanges

OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced OptionsCity Exchange Solutions, a suite of products and services designed to help global exchanges expand their technology and drive visibility and liquidity.

“In the past year, OptionsCity innovated how trading technology is delivered to professional traders and market participants by introducing Metro NOW, CityTrader and the City API, three products that offer flexible and modular technology solutions,” said OptionsCity CEO Hazem Dawani. “Exchange Solutions builds on these innovations to help exchanges capitalize on our extensive domain expertise where it matters most.”

The launch of OptionsCity Exchange Solutions follows an announcement in August that OptionsCity’s award-winning Metro NOW platform would power settlement prices for Nasdaq Futures, Inc. (NFX).

“OptionsCity has a great track record of partnering with global exchanges in developing custom solutions and I’m excited about opportunities to leverage our technology and expertise going forward,” said Dan Rooney, Vice President of Sales at OptionsCity.

In addition to Metro NOW, Exchange Solutions leverage CityTrader, a white-labeled, web-based trading platform, and City API, a set of REST-based APIs that can be used for margin services and risk management. OptionsCity can also customize applications to allow for increased functionality and access to clients, integrate chat with quoting and execution platforms, and distribute exchange data seamlessly with out-of-the-box solutions.

For more information about OptionsCity’s exchange offerings, visit OptionsCity at FIA Expo Booth #920 or go to http://www.optionscity.com/exchanges/.

Vintage Bridesmaid Dresses

OptionsCity Rallies Around Student Hackathon

OptionsCity was proud to help sponsor MHacks 6 over the weekend at the University of Michigan in Ann Arbor. We sent a few engineers to the 36-hour hackathon, and we were blown away by the hacks students were able complete in such a short period. Video games, virtual reality, robots — you wouldn’t believe it if you weren’t there. We even had the privilege of lending a hand to a few of these students, including 3rd place winner SmartShower!

For OptionsCity, hackathons are a great (and fun!) way to recruit some amazingly talented engineers. Plus, it’s a great opportunity for us to get to better know our teammates, and to give back to something we love (Go Blue!).

We were also inspired to create some hacks of our own, that we think will prove to be lasting contributions to our products. These hacks included simulated markets (great when trying to get realistic market activity on weekends), simulated order entry (ditto), a Java client library for the City API, and even an app that will help us better distribute information at future hackathons.
Look for OptionsCity to participate at future events like these, and please stop by if you’re in attendance!

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About OptionsCity Software
OptionsCity Software powers the trading, risk management and analytics needs of professional futures and options traders, market-makers, introducing brokers and financial institutions worldwide. OptionsCity’s diverse suite of powerful tools includes Metro NOW, 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 also provides its cloud-based futures trading platform, CityTrader, and its REST-based, easy-to-implement API, City API for accessing futures and options on futures market data and analytics. OptionsCity is a certified Independent Software Vendor on leading global derivative exchanges and markets.. For more information, please visit www.optionscity.com.

 

 

OptionsCity to Provide Settlement Price Solution for Nasdaq Futures, Inc.

CHICAGO – August 25, 2015 – OptionsCity Software, a global provider of futures and options trading and analytics solutions, has been selected by Nasdaq to provide a settlement price solution for derivatives contracts traded on Nasdaq Futures, Inc. (NFX).

“This initiative is aligned with the OptionsCity vision to leverage its core competencies in pricing and analytics to be the power behind exchanges,” said Dan Rooney, OptionsCity’s VP of Global Sales. “With the flexible architecture of Metro NOW, we continue to expand our leadership in the options on futures market.”

OptionsCity’s settlement solution is built on top of its flagship Metro NOW platform, which includes robust pricing and risk-management analytics.

“As NFX continues to grow, it’s important that we further develop our capabilities for establishing accurate settlement prices for options on futures in a timely manner,” said Magnus Haglind, Vice President and Head of U.S. Commodities at Nasdaq. “Utilizing their proven software suite, OptionsCity has quickly been able to provide us with a customized solution that can easily be integrated with our leading exchange platform.”

For more information about OptionsCity’s exchange offerings, please visit www.optionscity.com.

About OptionsCity Software
OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges. For more information, please visit www.optionscity.com.

OptionsCity Employees Enjoy the High Seas

PROM DRESSES uk

On Tuesday, July 14th, 2015, OptionsCity employees from around the globe convened in Chicago for our mid-year meetings and planning sessions. We had a pretty busy first half of the year. Our development team, implementation team and support team have been working hard to ensure OptionsCity’s customers with a stable and seamless trading experience. With the launch of Metro NOW and City Store, OptionsCity allows customers to build customizable solutions that suit their trading style.

After the meeting, we set sail from Burham Harbor on the Tall Ship Red Witch. Sailing on Lake Michigan with great food and drinks was fantastic. It was the first sailing experience on Lake Michigan for most of our colleagues from New York City and London. Everyone was impressed by the beautiful Chicago skyline. Our destination was Navy Pier, since it was very windy, our journey was very exciting. The waves were very high; some people sitting at the front the ship got to taste the water from Lake Michigan. Once we reached Navy Pier, the water was peaceful and the view was amazing. With the breeze on the lake, we enjoyed ourselves on the cruise.

We launched CityTrader and City API after our mid-year meetings. Our current full product line: Metro Now, City Store, Freeway, CityTrader and City API; these solutions together complete OptionsCity’s integration of options and futures trading technology. Ever since 2006, our goal has been “to change the way traders think about and utilize technology” and we have been working hard to provide our customers the best products and services. We are looking forward to a strong second half of the year with many exciting announcements and developments from the OptionsCity team.

OptionsCity Announces CityTrader

OptionsCity Announces CityTrader, a Cloud-Based Futures and Options Trading Platform

CityTrader, built on OptionsCitys new REST-based City API,
offers a scalable, white-label solution for brokers and FCMs.

CHICAGO July 16, 2015 OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced its cloud-based futures trading platform, CityTrader. CityTrader brings advanced functionality, such as custom spread-building and RFQs, with the ease of an online trading platform to a broad audience of active traders and commodity market participants. OptionsCity also announced the availability of City API, a REST-based, easy-to-implement API for accessing futures and options on futures market data and analytics. These solutions together complete OptionsCity’s integration of futures trading technology provider Optionshop, which it acquired last year.

Already, CityTrader and City API have proved to be flexible in their application. TradeStation uses CityTrader to offer additional futures trading capabilities to active traders via the TradeStation Futures+ platform. In another collaboration with Vault Technologies, City API helps power farmers’ daily decisions via Vault Technologies’ Dairy Decision Management Engine.

“We’re constantly improving active trader offerings to help our clients identify more and better opportunities in the market,” said Nicholas LaMaina, Head of Global Equities, Options, and Futures at TradeStation. “So when we thought about expanding those capabilities for futures traders, it was critical that the solution be sleek and flexible, and CityTrader afforded us that flexibility.”

“With CityTrader and City API, we offer a scalable, professional financial technology solution with broad applications in the market – from active futures traders to dairy farmers who want to easily find out how futures can help them maximize profit,” said Hazem Dawani, CEO and cofounder of OptionsCity. “But critically, the solution is highly flexible with a REST-based API that can allow firms to easily create custom tools for futures and options on futures trading.”

For brokerages, futures commission merchants (FCMs) or commodity trading advisors, CityTrader can also be white-labeled as a value added alternative to legacy Windows-based systems and costly in-house platforms.

At Vault Technologies, the company wanted a partner that could offer real-time commodity pricing, connectivity to FCMs, and a view of consolidated positions – all within a simple, custom-built interface.

Brian Rice, Vault’s CEO, added, “Our goal was to create an elegant interface for dairy farmers that gave them an accurate view of their business. The challenge was that the details are very mathematically complex and tied to various futures markets. Not only does OptionsCity have that technological expertise, but it also has a detailed understanding of commodity pricing that makes working together easy.”

For more information about CityTrader and City API, visit www.optionscity.com.

About OptionsCity Software

OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges. For more information, please visit www.optionscity.com.

OptionsCity Software Attracts Industry Veteran

CHICAGO, April 20, 2015 – OptionsCity Software (www.optionscity.com), a global provider of electronic trading solutions for professional futures and options traders, today announced that Dan Rooney joined the company as the Vice President of Global Sales. At OptionsCity, Rooney will lead the company’s global sales force in Chicago, New York and London and be responsible for maintaining and growing the company’s broad client base. Rooney will also bring broad-based industry knowledge to OptionsCity’s leadership team, helping to define and execute the company’s strategic vision.

“OptionsCity continues to push the bounds of what professional trading software can achieve, most recently with the launch of our fully modular and customizable Metro NOW,” said Hazem Dawani, CEO and cofounder of OptionsCity. “With his experience and track record, Dan will help accelerate OptionsCity’s growth and expansion into new international markets, while solidifying our position as the best choice to trade futures and options on futures.”

“With Metro NOW, OptionsCity moved to the forefront of innovation in professional trading software development,” said Rooney. “I am excited for the opportunity to help the company educate the market about Metro NOW’s unique ability to simplify trading, risk management and market making.”

Rooney joins OptionsCity following a variety of senior level leadership roles. Most recently, Rooney was the managing director of sell-side sales at Eze Software Group. Previously, he was the CEO of RealTick EMS, a hosted solution for financial applications, where he added global buy-side and institutional sell-side customers at a record pace. He also drove RealTick’s expansion in Europe and Asia, including the establishment of a Hong Kong office.

Dawani added, “Dan understands what it takes to build and lead a winning team. He has held a diverse set of roles throughout his career, and in each, he demonstrated the ability to build world-class teams and drive results.”

Rooney received a Bachelor’s of Science in Finance from Marquette University.

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