Chicago, IL - April 9, 2013 - OptionsCity Software, a leading provider of electronic trading solutions, today announced a Series A investment in its business by growth equity firm Edison Ventures. This marks the first institutional capital investment in OptionsCity and will give Edison a minority ownership stake in the company. Edison’s investment will accelerate OptionsCity’s sales and marketing efforts, product innovation, and international expansion.
Mike Cichowski, Principal, and Chris Sugden, Managing Partner of Edison Ventures, led the investment. Sugden commented that “OptionsCity is a proven innovator. We believe Freeway represents the next major development for options and futures trading. Traders demand a multi-asset capability where they can quickly test and deploy new strategies. OptionsCity’s customers repeatedly confirmed this capability.”Mike Cichowski noted “OptionsCity is a profitable, fast growing company bringing innovative technology to the derivatives market and we are excited to partner with the management team to assist with the company’s global expansion”. Along with this investment, the OptionsCity Board of Directors will expand to include Mike Cichowski, along with Joe Wald, former CEO of EdgeTrade and Executive Vice President at Gain Capital. Read Press Release.