Vela to Expand Trading Technology Capabilities with OptionsCity Acquisition


Combined company will deliver an expanded set of front office products and services, including market access, risk management & analytics


New York, London, Chicago, June 20, 2017 – Vela Trading Technologies LLC (Vela), a global leader in high performance trading and market data technology, has entered into a definitive agreement to acquire OptionsCity Software, a global provider of futures and options trading and analytics solutions.

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OptionsCity Metro Connects to Fidessa

OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced that it has completed certification with Fidessa, allowing Fidessa brokers to receive order flow from OptionsCity's Metro clients. This certification provides OptionsCity's customers with access to Fidessa's community of global customers and builds on OptionsCity's customer reach within the futures options space.

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Introducing the new Volatility Manager, Charts and Favorites for CityTrader

Volatility Manager

CityTrader now supports the ability to use custom volatilities for calculating option theoretical values and greeks. We've received very positive feedback on Volatility Manager - from both novice options traders who want to better understand volatility to sophisticated traders who have asked for more control over their options pricing. The "Vol Manager" tab allows users to view implied volatilities and easily make manual adjustments. Once a user makes a manual adjustment, those values will be used across the application to calculate theoretical values and greeks. Learn More



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Tower Trading Group Selects OptionsCity for Trading Software and Risk Management Services

 OptionsCity Continues European Expansion as Futures and Options Trading Firms Seek Proven Software Solutions.

CHICAGO – May 24, 2017 – OptionsCity Software, a global provider of futures and options trading software, announced today that Tower Trading Group, headquartered in London and supporting over 200 active traders, has selected the Metro platform as its preferred platform for options trading and market-making. In addition, the Tower Trading Group risk management team will also leverage Metro’s global risk solution, enabling the team to analyze their real-time P&L and options market risk exposures in realtime, based on accurate pricing models and advanced volatility models implemented across all of the Tower Trading Group options markets including markets with less liquid products. The announcement comes after an extensive review conducted by Tower Trading Group as they expand their trading operations focused on options.  

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Hazem Dawani, CEO OptionsCity, to deliver Commencement address

Watch Hazem's Commencement Address Here

Hazem Dawani, co-founder and CEO of OptionsCity, delivered the commencement address at IIT Stuart School of Business on May 13, 2017 at 12pm. 

Hazem Dawani, co-founder and CEO of OptionsCity, delivered on May 13th the commencement keynote address for IIT Stuart School of Business 2017 graduates. Hazem is an IIT alum who co-founded OptionsCity in 2006 with Victor Glava and Rudy Fasouliotis, who also graduated from IIT. 

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