Chicago – OptionsCity™ today 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.
"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.
Connecting to CBSX allows for greater flexibility and increased functionality for users of OptionsCity Metro Software. CBSX facilitates order execution by allowing traders to automate their combined stock and options orders through a single, seamless electronic platform. This creates efficiency and lowers execution costs, both of which benefit traders. The CBSX technology relies on CBOEdirect, CBOE’s proprietary, state-of-the-art electronic platform.
“We believe our connectivity to CBSX will provide many opportunities for our current clients as well as provide an introduction to our software for potential new clients.” said Hazem Dawani, President and CEO of OptionsCity.
OptionsCity Metro is a fully configurable electronic trading platform that creates a distinctive edge by enabling traders to have full control over trading, safety and risk management. This state-of–the-art solution will enable CFE traders to leverage their trading knowledge and expertise into increased profits. OptionsCity Metro utilizes the latest developments in technology to present a distinct solution. It is user-friendly, flexible and powerful, encourages dynamic quoting, scales well, and has performance at its core. Designed with traders in mind, OptionsCity Metro offers a configurable solution that caters to traders’ changing needs and empowers themto trade with simplicity using the innovative tools it provides.
OptionsCity is a certified ISV (Independent Software Vendor) on the CBOT, CBOE, CME and NYMEX, CFE and is now a certified ISV for the CBSX.
To find out more about OptionsCity Metro contact us at (312) 635-1750 or e-mail us at [email protected]
About OptionsCity™ Software, Inc.
OptionsCity™ was founded in October 2006 with its headquarters in the financial district of Chicago. The company’s main product is a real-time electronic trading platform for options traders who make markets, maintain liquidity and trade on the worlds leading derivative markets. The OptionsCity™ solution solves current issues and adds new distinctive features, including creative ways of organizing and displaying data, advanced opportunity identification, increased safety and risk management, strategy automation, and revolutionized communication between traders.
About CBOE Stock Exchange (CBSX)
The CBOE Stock Exchange (CBSX) offers liquidity rebates and dedicated liquidity provision, all within a fully electronic strict price-time priority trading environment. A Regulation-NMS compliant facility of CBOE®, CBSX runs on CBOE's highly reliable and versatile CBOEdirect® trading platform—the same platform that powers the largest options exchange in the US. Designed as a highly cost-effective marketplace, CBSX provides economic incentives to liquidity providers to provide the best markets without sacrificing a level playing field for all market participants.
This press release contains forward-looking statements with the exception of historical information. The matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
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Contact: Hazem Dawani
Phone: (312) 635-1750
Email: [email protected]
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