OptionsCity to Provide Settlement Price Solution for Nasdaq Futures, Inc.
CHICAGO, Aug. 25, 2015 /PRNewswire/ -- 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 Vice President 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.
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/optionscity-to-provide-settlement-price-solution-for-nasdaq-futures-inc-300132540.html
SOURCE OptionsCity Software
|Printer friendly Cite/link Email Feedback|
|Date:||Aug 25, 2015|
|Previous Article:||Hortonworks to Acquire Onyara to Turn Internet of Anything Data Into Actionable Insights.|
|Next Article:||Collette Carroll Named "CNN Hero".|