Four years ago, we were honored when OptionsCity’s Freeway, the firm’s breakthrough multi-asset algorithmic trading platform, won a 2012 Chicago Innovation Award.
This year, we are pleased to announce that City API has been nominated for our second Chicago Innovation Award. Like it was for Freeway in 2012, the competition for the final award will be challenging, with 643 nominees competing for fewer than 15 awards.
The Chicago Innovation Awards mission is “to make Chicago a recognized hub of innovation by igniting a new narrative for our region, strengthening its economic future and building the spirit of innovation throughout the community.”
City API is undoubtedly contributing to this spirit of innovation – opening up futures and options markets to new participants and innovative firms. One such example is Vault Dairy, a fintech firm that is finally bringing robust analytics to dairy farmers. Vault Dairy created a dashboard to help dairy farmers combine production information, hedging positions and market pricing into a single financial picture. The goal: to lock in costs and maximize profits with futures and options markets.
Such a robust view of the farm was previously unavailable – and without OptionsCity’s City API, it would have likely have taken too long to develop and too costly for Vault to implement.
City API is also the foundation for OptionsCity’s CityTrader – our white-label ready futures and options trading platform powering customers like TradeStation – as well as City Execution, the innovative product extending execution functionality to Thomson Reuters’ Eikon 130,000 users around the globe, bringing them futures and options execution for the first time!
And all this is just after City API’s first year. There is so much more innovation to come. With City API, for the first time, futures and options markets are just a line of code away.