City News

OptionsCity wins "Best options trading platform" award

Chicago, February 8, 2012 - OptionsCity Software, Inc. today announced that its flagship trading and market making platform, Metro, has been named “Best options trading platform” by Wall Street Letter in the 2012 Institutional Trading Awards. The awards are determined by an independent panel of industry experts and are judged on the level of innovation and client satisfaction displayed by applicants.

The Institutional Trading Awards recognize distinction among top providers to the trading industry and are presented by The Wall Street Letter, an online provider of "unrivaled in-depth intelligence on the latest trading and technology happenings". OptionsCity was nominated for this award among other highly respected software providers, including ORC, FlexTrade, Bloomberg Tradebook, and Investment Technology Group. More.

OptionsCity Developer Publishes Tell-All Java Book

OptionsCity’s lead developer, Freddy Guime, has co-authored and published an 800-page volume of solutions for newly-released Java 7, aptly titled Java 7 Recipes: A Problem-Solution Approach, a must-have for any Java developer looking to keep current. This book differs from other Java instructional texts in that it skips convoluted rhetoric and even the discussion of the Java language itself and jumps right into the answers. Java 7 Recipes works to eliminate the proverbial “too many cooks in the kitchen” dilemma and presents straight-forward problem-solution exercises suitable for beginning to intermediate level Java developers.

While honing in on the latest techniques and features available in Java 7, this book will also teach you how to:

    - Develop Java SE applications using the latest in Java SE technology

    - Create great-looking user interfaces with Java Swing and Java FX 2.0

    - Build web-based applications around Java Servlet technology

    - Generate graphics and work with media such as sound and video

    - Implement web services and applications to invoke them

    - Exploit the power of XML from within your Java applications

OptionsCity’s Director of Client Technology, Freddy Guime, is an in-demand guy. Three years over he’s been invited by JavaOne to present his know-how at their hip, techie San Francisco conference. As one of the chief developers of OptionsCity’s progressive electronic trading software - including both Metro and Freeway - he has successfully advanced the options trading client platform by pushing Java to its limits.

Java 7 Recipes: A Problem-Solution Approach (Josh Juneau, Carl Dea, Freddy Guime, and John O'Conner) is currently available in brick and mortar stores and online. For more information, please visit the publisher’s website: Apress Publishing.

The Day After MF: OptionsCity A First Responder in Face of MF Global Fallout

 OptionsCity Software: A First Responder in Face of MF Global Fallout

The highly-publicized bankruptcy of MF Global has undoubtedly resulted in frustration, anger, and moreover - a sense of distrust - for many investors who have been left scrambling for answers and searching for a reliable solution to their trading needs.

Many of our current clients, including traders on the ICE and CME floors, felt that impact and relied on us to remedy their trading woes. OptionsCity went through great lengths to ensure that those clients affected by the fallout were quickly transitioned to new clearing firms such as Penson, RCG, FC Stone, and Advantage. An immediate and focused response was needed, and we delivered.

"With all of the extreme confusion during the MF Global crisis, OptionsCity worked around the clock to insure we had access to all markets" remarked Chicago CME trader Thomas Duggan of Duggan Trading.

While many of you are conjuring images of Jon Corzine clad in an orange jumpsuit and shiny bracelets, we are offering a more immediate solution. OptionsCity Software offers products built on speed and reliability, and our support staff is trust-worthy and available 24/7.

If you have been affected by MF Global, and you are looking for a new home and new trading software, contact us directly at 312.635.1750 or e-mail sales@optionscity.com to connect with the OptionsCity sales staff that can explain your options and get you back to trading in no time.

OptionsCity provides high performance trading access to Montréal Exchange (MX)

Chicago, November 21, 2011 – OptionsCity® Software, Inc., a leading provider of end-to-end electronic trading software, announced today that it now provides connectivity and high performance trading access to Montréal Exchange (MX), a fully electronic derivatives exchange. OptionsCity is now certified as an Independent Software Vendor (ISV) on the MX-SAIL gateway. 

“Improved access is a key component to the business development strategy of Montréal Exchange. The addition of OptionsCity as an ISV expands the alternatives available to traders on our exchange and brings high quality software to our traders and market makers,” said Alain Miquelon, president and CEO of Montréal Exchange. More.

New Algo Trading Platform Freeway Makes a Splash at 2011 FIA Expo

October 2011 - Every year the Futures Industry Association Expo in Chicago garners the excitement and energy of over 5,000 financial industry professionals, and this year was no exception. OptionsCity® was back in action at booth #922 with our flagship market making and trading platform Metro™ as well as the highly anticipated unveiling of our new multi-asset algorithmic trading platform - Freeway™. This groundbreaking platform, offering a complete algo development environment combined with micro-second execution, debuted to a perceptive and enthusiastic crowd of trading professionals.

The crew at Expo Today Live stopped by the OptionsCity booth to catch up with VP of Sales, Steve Kosanovich, for an exclusive look at Freeway. Check out photos from our booth and the full-length interview video below. For more coverage of the industry action at FIA Expo, be sure to visit Expo Today Live's highlights and videos.

We would like to thank everyone who stopped by the OptionsCity booth to demo Metro and Freeway (and to try out our F1 racing chair, of course). We look forward to making 2012 FIA Expo an even bigger hit!

Expo Today Live Interviews VP Sales, Steve Kosanovich

 

OptionsCity sales team demos Metro     

        OptionsCity sales team demos Metro and Freeway                                 OptionsCity cocktail reception                            Freeway "drivers" and CEO Hazem Dawani

 

                                

                           OptionsCity demos Metro                                Formula 1 racing game at the OptionsCity booth                       



OptionsCity Presents at 2011 JavaOne Conference

OptionsCity has been recognized for the 3rd consecutive year for its outstanding work in development with an invitation to speak at the 2011 JavaOne conference in San Francisco, CA.

Presenters included OptionCity's CTO and VP of Development, Victor Glava, and Director of Client Technology, Freddy Guime.

The team took the stage to lead an in-depth discussion on:

- Designing architecture and internal data structures in order to take advantage of particular use cases and data flows within the application
- Easier multicore programming
- Troubleshooting memory issues
- Testing user interface responsiveness in an automated fashion

JavaOne is the premier Java technology conference held annually by Oracle Corporation in San Francisco, CA. JavaOne brings together developers and vendors from 70 countries for 4 days of presentations, technical sessions, and events on Java and Java-related technologies.

To view a full video of the presentation, see below:

 

OptionsCity Accelerates Trading with Freeway, a New Algorithmic Platform

 Freeway Speeds Up Development & Deployment of Custom Automated Trading Strategies        

CHICAGO, Sept. 19, 2011 – OptionsCity Software Inc., a provider of end-to-end electronic trading software, today announced Freeway, a server-based, multi-asset platform for algorithmic trading strategies.

With Freeway, traders now can customize algorithms (called Jobs) in either Java or Scala code.  These “Jobs” will execute trades, dynamically reconfigure themselves based on changing market conditions, and perform market analysis, including historical comparisons and risk monitoring. More.

OptionsCity unveils Metro 3.0

August 22, 2011

Chicago – OptionsCity Software, Inc., a leading provider of end-to-end electronic trading software, announced a September 1st release date of the highly anticipated Metro 3.0.

OptionsCity Metro 3.0 will offer 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. Metro 3.0 includes an improved multi-product management tool, enforcing Metro’s multi-asset support. More.

OptionsCity Expands Reach, Connects to ISE

July 2011 – OptionsCity Software, Inc., a leading provider of end-to-end electronic trading software, announced today that it has become a certified vendor on the International Securities Exchange (ISE) for electronic trading. OptionsCity will roll out connectivity to ISE to its customers, beginning with a proprietary trading group and a market maker on RUT that has expressed strong interest in trading the active, multi-legged strategy book available at ISE.

“We are very pleased to welcome OptionsCity as a certified vendor providing access to our new, best-in-class trading system running on the Optimise™ trading architecture,” said Boris Ilyevsky, Managing Director of ISE’s options exchange. “In addition to the latency reductions offered by Optimise, our new system includes many enhancements to our order book for multi-legged strategies, and we are excited for OptionsCity’s customers to begin using these new features.” More

OptionsCity Certified on NYMEX and COMEX for Electronic Floor Trade Entry

May 2011 - OptionsCity Software, Inc., a provider of an end-to-end electronic trading platform, announced today that it has become certified on NYMEX and COMEX for electronic floor trade entry.

This added feature allows floor traders the ability to submit trades from the floor to be directly submitted into Front End Clearing (FEC). This gives floor traders the capability to manage their position easier, find breaks faster, and streamlines the clearing process. This feature will also be available on the CME and CBOT floor in the next few weeks. More