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-Past Newsletter Articles
July 2010 - OptionsCity™ Introduces Metro 2.2
Chicago, July 27, 2010 - OptionsCity™ today announced the availability of OptionsCity Metro 2.2. This latest release includes major enhancements to the user interface to better cater to Equity Options traders, as well as additional price modeling functionality. In this release, OptionsCity also exposes additional API (Application Programming Interface) functionality for clients integrating their proprietary algorithmic trading engines.  
"With the release of Metro 2.2 we are further embracing the needs of traders and market makers by delivering more capabilities that will allow them to excel in extreme market conditions. Taking advantage of trading opportunities in these markets is our focus as the industry continues experiencing volatile markets," said Victor Glava, CTO and VP Development...More
June 2010 - OptionsCity™: BOX Certified
Chicago, June 21,2010 - OptionsCity™ announced that it is now an approved vendor for electronic trading and market making on BOX.  
"We are pleased to welcome OptionsCity as a certified vendor that offers a technology solution for market makers who utilize BOX's Bulk Quote functionality as well as for proprietary traders who use BOX's unlimited messaging allocation policy," said Tony McCormick, CEO of the Boston Options Exchange"...More
June 2010 - OptionsCity™ Supports New ICE Mass Quoting
Chicago, June 17, 2010 - OptionsCity Software, a leading developer of electronic trading solutions for options traders and market makers, announced today that the ICE new mass quoting functionality will be supported by OptionsCity Metro beginning June 21, 2010. This functionality will allow traders to submit many quotes simultaneously for faster and more effective market making.  
"The new mass quoting functionality will provide our clients on the ICE with an advantage over their competitors and thus increase their speed and efficiency. Its speed allows them to react to market conditions faster and anticipate trading opportunities with more efficiency," said Victor Glava, CTO and VP Development...More
May 2010 - Join us at the 2010 SIFMA Financial Services Technology Expo
OptionsCity will be Exhibiting at the 2010 SIFMA Financial Services Technology Expo in New York. It will be at the Hilton from June 22 - 24. Join us at the FST Expo at Booth 1617 to see a demo of OptionsCity Metro. Click HERE to register for a COMPLIMENTARY pass.  
The Expo showcases products and services for professionals and participants in the industry. It also delivers informative programs about new regulations that are making significant changes to the industry. Hundreds of innovators and experts attend the Financial Services Technology Expo."
April 2010 - OptionsCity Clients to Trade Ultra T-Bond Options
Chicago, April 22, 2010 - OptionsCity™ is pleased to offer its trading groups the ability to trade Ultra T-Bond Options, which the CME will launch June 7, 2010. Currently, OptionsCity has over eight different groups trading Bonds and Treasuries options and is pleased to offer them the ability to also trade this new product.  
"There has been a lot of interest in Ultra T-Bonds. As a growing company, it is imperative that we keep up with the needs of our traders. Responding to these ever changing needs allows us to increase our offering and expand to new markets...More
April 2010 - March is Record Month for OptionsCity
Chicago, April 8, 2010 - OptionsCity today announced that it continued the accelerated growth of 2009 through out the beginning of this year, especially in the month of March. OptionsCity Metro licenses grew by 20% during March alone, making it a record month for the company. The new customers that comprise this increase include a treasuries group, a grains group, two index groups and two equity options groups.  
"This represents a sign of rapid growth in the company. Healthy client relationships in addition to enhancements to OptionsCity Metro have helped attain such growth, and we look forward maintaining this pattern. It is a very exciting time for us at OptionsCity," said Hazem Dawani, President and CEO...More
March 2010 - OptionsCity Introduces a New Version of Metro
Chicago, March 17, 2010 - OptionsCity™ is pleased to announce the release of OptionsCity Metro 2.1. This latest release adds to its 2.0 milestone release and includes performance improvements to Metro's server based low latency Quoting Engine, as well as major enhancements to the user interface to improve GUI responsiveness and intuitiveness. In this release, OptionsCity also exposed additional API (Application Programming Interface) functionality for clients integrating their proprietary systems and algorithms.  
"This is another step in creating the most intuitive, powerful, and low latency electronic trading platform available for Options traders", said Victor Glava, CTO and VP Development...More
January 2010 - OptionsCity Rolls Out to NYSE Amex Options
Chicago, January, 12 2010 - OptionsCity™ is pleased to announce that it rolled out to its second New York based exchange, NYSE Amex options. NYSE Euronext is the world's leading and most diverse exchange group operating two options exchanges that provide customers with the choice of price-time priority on NYSE Arca options or the traditional market-maker model and expanded array of services on NYSE Amex options,  
"Our market makers have important needs when it comes to electronic trading and OptionsCity Metro with its server based architecture is capable of meeting those needs. I am pleased to see OptionsCity on our trading floor," said Erich Umar, Vice President Options Markets of NYSE...More
November 2009 - OptionsCity Releasing Metro 2.0
Chicago, November 19, 2009 - OptionsCity™ is pleased to announce the release of OptionsCity Metro 2.0. This latest release includes much anticipated features such as a faster mass quoting engine and new market making algorithms, additional options pricing models and volatility skewing functionality, a brand new chatting framework, and additional exchange connectivity and order routing options.  
"With the rollout of Metro 2.0, we are enabling traders to make faster and more informed trades with increased accuracy and efficiency," said Victor Glava, CTO and VP Development. "We are delighted with the new set of features in this release, as well as the ability to cater to brokers and other new types of customers."...More
November 2009 - OptionsCity Partners With ACTIV Financial
Chicago, November 11, 2009 - OptionsCity Software, a leading developer of electronic trading solutions for options traders and market makers, and ACTIV Financial, a leading global provider of fully managed low-latency market data solutions, announced today that they have entered into a strategic partnership. ACTIV will now provide OptionsCity equity options traders with additional feeds, both direct and fully managed consolidated market data feeds.  
"ACTIV has consistently partnered with innovative independent software vendors to provide customers the most comprehensive solution possible," said Frank Piasecki, Co-founder and President of ACTIV Financial...More
October 2009 - OptionsCity Presents at the 25th Annual FIA Expo
OptionsCity will be at the 2009 FIA Futures & Options Expo, the largest futures event in the world. It will be held at the Hilton Chicago from October 20 - 22. Chicago, October 23, 2009 - OptionsCity Software, Inc. presented at the 25th Annual Futures and Options Expo held on October 21 - 22 at the Hilton Chicago.  
The Futures and Options Expo is the largest Futures event in the world held for market professionals and participants. "The Futures and Options Expo is a great event for us and one we look forward to every year. We got the opportunity to network with members from different sectors of the industry, as well as current and potential clients We were able to demonstrate what OptionsCity is capable of to institutional traders, broker-dealers, market-makers and much more and our booth caught attention,"...More
October 2009 - OptionsCity CEO Serves as Panelist at Chicago Trading 2009
The panel, "Futures & Options Technology," was part of Markets Media's Chicago Trading: The Futures & Options Network event held Oct. 8. The Panel agreed that the role technology continues to play in the growth of the futures and options markets is significant, as margins have been squeezed and needs arise for the trading of new instruments and new markets.  
"It's an arms race-everyone is always looking to be faster, to be able to claim that we are the fastest," said Hazem Dawani, president and chief executive of OptionsCity. "One measure is profitability...More
September 2009 - Join Us at the 2009 FIA Expo

OptionsCity will be at the 2009 FIA Futures & Options Expo, the largest futures event in the world. It will be held at the Hilton Chicago from October 20 - 22.

 

Join us at the FIA Expo at Booth 905 to see a demo of OptionsCity Metro and grab a calculator. Click here to register for a COMPLIMENTARY pass by OptionsCity.

 

The Expo showcases products, services and information for market professionals and participants in the industry. Over 4,500 participants worldwide attend the Expo. Attendees include senior staff at brokerage firms and exchanges, floor traders, pension fund managers, CTAs, individual investors and more.

 
September 2009 - OptionsCity™ Powers Seven New Trading Groups

Chicago, September 16, 2009 - OptionsCity™ is pleased to announce that in the last month it added seven new trading groups to their growing list of clients. OptionsCity will be their main supplier for electronic market making and floor-based trading technology. These groups will use OptionsCity Metro to trade futures and options for a number of product groups, including: Gold and Silver; Crude Oil, Natural Gas...More

September 2009 - OptionsCity™ Presents on NYMEX Floor

OptionsCity™ presented its software at the 2009 Technology and Market Access Showcase held Wednesday, September 16, 2009 on the New York Mercantile Exchange (NYMEX) Floor. The Technology and Market Access Showcase gave participants an opportunity to learn more about innovative trading technology and market access options. Attendees were able to speak with industry experts and watch informative live demos covering a variety of topics ranging from OTC access and matching technology to advanced options functionality.

 
August 2009 - OptionsCity™: an Approved ICE Vendor

Chicago, August 4, 2009 - OptionsCity™ today announced that the certification process for the Intercontinental Exchange (ICE) has been completed. OptionsCity is now an approved vendor for electronic trading on the ICE. Sugar options and futures will be the first product that OptionsCity will roll out to. "ICE is a leader in innovation which makes us pleased to be on board with them. Our relationship with ICE will allow us to increase our offering to our traders as well as provide opportunities for growth and potential new clients." said Hazem Dawani, President and CEO...More

 
August 2009 - Neal Brady Joins OptionsCity Board of Directors

Chicago, August 24, 2009 - OptionsCity today announced that Neal Brady has been elected to the OptionsCity Board of Directors. Brady, a derivatives industry veteran, is Managing Partner of Third Stone Venture Partners, an investor in OptionsCity. With the appointment of Neal Brady, OptionsCity has expanded the board of directors to 4 members. "OptionsCity is extremely well-positioned to take advantage of the continued growth in electronic options and algorithmic trading in the U.S. and around the world," said Neal Brady...More

 
July 2009 - OptionsCity™ Introduces Futures Depth Widget

Chicago July 22, 2009 - OptionsCity is proud to introduce a state-of-the-art Futures Depth Widget. This feature adds a great deal to OptionsCity Metro, while enhancing the product offering to the various types of traders. "With the completion of our latest widget, we enable traders to view the futures bookdepth market and make informed and fast trading decisions. We believe this will help out clients maintain profitability and get the best hedge quite effectively." said Victor Glava, CTO and VP Development...More

 
June 2009 - OptionsCity™ Helps Eurodollar Traders During Volatile Markets

Chicago June 17, 2009 - The past two weeks have been quite hectic for the CME Group's Eurodollar Options Pit. OptionsCity™ Metro software has helped the traders in the Eurodollar Options Pit during this market to price options faster and more accurately. As the Eurodollar Futures and Options start to increase in volatility and volume, OptionsCity™ is adding more trading groups to this dynamic pit...More

June 2009 - OptionsCity™Clients Trade on the Minneapolis Grain Exchange

Chicago, June 22, 2009 - OptionsCity™ is pleased to announce that Minneapolis based clients will begin trading on the Minneapolis Grain Exchange beginning this Month. These new clients will be trading Soft Red Winter Wheat. OptionsCity™ Metro software is now used in Chicago, New York and Minneapolis. Adding the Minneapolis Grain Exchange to OptionsCity's diverse group of users, who trade a variety of products, proves...More

May 2009 - OptionsCity Attends the 27th Annual Options Industry Conference

Chicago May 12, 2009 - OptionsCity Software, Inc. attended the Annual Options Industry Conference held April 30 - May 2 in Weston, FL. The Options Industry Conference is the premier event for top level management and trading professionals to exchange ideas, strengthen relationships and forge new connections. "It was a great event. We were able to engage with people from all aspects of the options business. Customers, broker-dealers, institutional traders, brokers and market makers were all represented. They attended conferences and...More

 

May 2009 - OptionsCity™ Releasing a New Version of Metro

OptionsCity is pleased to announce the release of a new version of Metro. OptionsCity Metro now delivers display rules in the Trade Sheets; Enhanced Electronic Eye missions and performance to improve traders' ability to take advantage of opportunities in the market place. There are also several features and enhancements created to facilitate managing positions and risk from one trading platform. New messages added to the City Subway API to give firms greater capability to interface with Metro.

April 2009 - OptionsCity™ Named Finalist for CityLIGHTS Award

CityLIGHTS is Illinois' annual celebration of vitality and innovation in the technology community.  OptionsCity™ has been named a finalist for the Illinois Technology Association CityLIGHTS award, in the Newcomer Award category.

The Newcomer Award is presented to the company that has the strongest potential to emerge from its start-up phase to become a solid presence in the technology marketplace...More

 

March 2009 - OptionsCity™: A Certified CBSX Vendor

OptionsCity™ announced that the certification process for the CBOE Stock Exchange (CBSX) has been completed. OptionsCity is now an approved vendor for automated executions on the CBSX.  
The CBSX offers high-speed hedging which can be used with any of OptionsCity auto-hedging features. "We are looking forward to OptionsCity's participation on CBSX and giving its clients the ability to hedge their options trades using this highly efficient market," said Patty Schuler, Director of Business Development for CBSX...More
March 2009 - OptionsCity™ Developers Speak at JavaOne Conference
Sun Microsystems® recognizing the achievements that Optionscity has done in the Software Development space has tapped two of our programmers to present on new leading-edge software programming techniques. The talent that Optionscity employs continues to advance our software to where no other software firm has gone before!  
JavaOne is the premier Java technology conference held annually by Sun Microsystems at the Moscone Center in San Francisco. JavaOne brings together Java developers and vendors for 5 days of presentations, technical sessions, and events on Java and Java-related technologies. The conference is a global event that brings together technology enthusiasts from 70 countries. OptionsCity will present two sessions: 1. Summiting Mt. Everest, A Trading Platform in Java. 2. Swing for Real-Time Trading Systems...More
January 2009 - OptionsCity™ Spreads across the S&P Pit
OptionsCity™ announces it has extended its client base across the S&P 500 and all associated products. During December 2008, OptionsCity acquired 6 additional trading groups in the S&P Options, SPX, SPY and E-Mini Futures and Options.  
Clients are relying on OptionsCity Metro to execute trades and manage risk in a very volatile market, across multiple exchanges. S&P users include both off floor and floor based clients who work as a team...More
January 2009 - OptionsCity™ Expands to New York
OptionsCity has expanded to the Big Apple and obtained its first New York based client. This client is a market maker for Gold and Silver Options on the New York Mercantile Exchange (NYMEX).

"We are excited as to how quickly the company is growing. Our Chicago clients have been a driving force behind our success and expansion to the New York market...", said Hazem Dawani, CEO of OptionsCity...More

November 2008 - OptionsCity™ Moves
To accommodate for current and future growth, OptionsCity is pleased to announce that its offices have relocated. The newly remodeled large space is just another result of the success the company has had. The new headquarters are located at 200 West Adams in Suite 1010. OptionsCity is excited about the new space and will be having a Welcome Party soon. Be on the lookout for your invitation!  
November 2008 - OptionsCity™ Takes on FIA Expo
OptionsCity™ will be an exhibitor at the Futures Industry Association (FIA) Expo held November 11 and 12, 2008 at the Hyatt Regency Chicago. OptionsCity will be offering software demos, company introductions, as well as giveaways. Stop by our booth to see the software and meet the OptionsCity team members. You can register to attend the FIA Expo as a guest of OptionsCity for free by following the link...Free FIA Registration
October 2008 - OptionsCity™ Now a Certified CFE Vendor
The CBOE Futures Exchange (CFE) and OptionsCity, a Chicago-based independent trading software vendor, today announced that OptionsCity has completed the vendor certification process... 
 
"I am impressed with the functionality of the OptionsCity Metro trading platform. OptionsCity is a vendor that understands our markets and has developed a trading platform capable of meeting the specific needs of our traders..." said Andrew Lowenthal, Managing Director, CBOE Futures Exchange. More
August 2008 - OptionsCity™ Rolls Out a New Version of Metro 
OptionsCity released a new version of Metro at the beginning of August. OptionsCity Metro now delivers market data in the Trade Sheets. The Auto Hedge feature is available. Auto Hedging will enhance traders' ability to manage positions and risk from one trading platform. There have been several new features added to the Risk Manager Widget. These include the ability to combine futures and options in one risk report, create risk groups, and the ability to apply product ratios to the various Greeks.  
August 2008 - OptionsCity™ Signs Six New Trading Groups
OptionsCity™ is delighted to be working with six new groups of traders as their supplier for electronic and floor-based options trading and market making on the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT) and the Chicago Board of Options Exchange (CBOE)...More
July 2008 - OptionsCity™ in the Chicago Sun-Times
OptionsCity featured in the Chicago Sun-Times on Sunday July 20, 2008 in the article: Traders get up to speed. New Platform designed for the fast-paced world of options...More  
July 2008 - OptionsCity™ Rolls out a New Version of Metro
OptionsCity released a new version of Metro at the end of June. OptionsCity Metro now has a new state-of-the-art volatility tool to control and tie products and months, define ratios, set volatility by straddle prices, and match markets. This version also includes additional flexibility to customize the different widgets, as well as additional options in the risk reports for day versus open positions. Also included are enhancements to the "chat" functionality that enable greater communication within the trading group. 
May 2008 - OptionsCity™ Successfully Closes Second Investment Round
OptionsCity is delighted to annouce that it successfully closed its second investment round, bringing on board new strategic partners. OptionsCity raised sufficient capital to enable it to continue its growth and continue providing high quality service to its fast growing client base and meet the high demand it is experiencing in the market.
May 2008 - OptionsCity™: an Approved CBOE Vendor
OptionsCity is proud to announce that the certification process for the CBOE has been completed. OptionsCity is now an approved vendor for trading and market making on the CBOE. The SPX is the first product OptionsCity will roll out to. OptionsCity looks forward to a great relationship with the CBOE and its members...More
 
May 2008 - OptionsCity™ Expands to Eurodollar and Grains
OptionsCity is delighted to be working with two new groups of traders as their main supplier for electronic and flooor-based options trading and market making on the Chicago Mercantile Exchange (CME). One group will use OptionsCity Metro for the Eurodollar futures and options while the second group will use the trading platform in the Grains pit...More
April 2008 - OptionsCity™ A Successful Hit in the Trading Pit
The OptionsCity™ inaugural event launching its state-of-the-art electronic trading system - OptionsCity™ Metro - was a success in Chicago.

Overall more than 150 traders, market makers and leading industry professionals attended the event...More

April 2008 - OptionsCity™Rolling out to New Clients
OptionsCity™ is excited to expand its client base with the addition of two more customer groups last month. Another proof of OptionsCity™ Metro delivering on its promise of enabling traders to focus on their core competencies in order to trade more efficiently and effectively than ever before...More