Back in October, over 1000 FIA conference attendees entered the OptionsCity drawing for their chance to win a weekend with a McLaren. It was a fitting giveaway for OptionsCity, a trading software company driven by performance and innovation. The lucky winner drawn at random was Tony Feeney, an employee at Societe Generale. Well, we recently received an email back from Tony sharing his weekend experience with the McLaren. See below for his recap of the weekend. Congrats again Tony!
“The Only Thing That Is Constant Is Change.”
I wonder if Greek philosopher Heraclitus was talking about the financial industry when he said this. In this industry, constant change is the norm. Besides the prices themselves being volatile, there are a number of other changes that are occurring with an almost daily frequency. Political decisions dramatically impact the markets. Just look at how the British pound plunged to its lowest level since 1985 after the Brexit vote. New regulations force trading organizations to invest in staff and technology to ensure compliance. Exchanges disappear as a result of consolidation, like in the recent purchase of NYSE/Euronext by ICE, while entire new exchanges are being created, like the Nasdaq Futures exchange. New financial instruments and products are also added at a constant clip, like the addition of weekly Treasury options. Even long standing assumptions on how to price certain financial instruments change overnight, like the introduction of a new method of pricing Energy Strip Strategies. Other less visible changes include shifts in the technology and protocols used to access programmatically the exchange matching engine.
Nasdaq Commodities is dedicated to provide customers with multiple access possibilities to our markets via state-of-the-art software tools delivered by leading Independent Software Vendors (ISVs). We are pleased to announce that OptionsCity’s Software City Platform, including CityTrader and City Execution products, now offers direct access to Nasdaq Commodities Nordic and German power markets.Read More
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.Read More