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.
“After a thorough review of options trading platforms, we chose OptionsCity Metro for its turn-key, low-latency architecture. In addition to the out-of-the-box features for trading and risk management, OptionsCity APIs will enable us to extend the platform as our operation continues to expand,” said Jonathan Taylor, CEO, Tower Trading Group. “OptionsCity has proven itself as a market leader. Their global connectivity, superlative trading and risk functionality, robust implementation and expert support were critical factors in the selection process,” he added.
"We are excited to add another prestige trading firm as a customer in London and we look forward to working closely with Tower Trading Group as they roll out their deployment of Metro. We have been seeing a high demand in Europe where firms are looking for superior functionality and low-latency access to the US and European markets,” said Hazem Dawani, CEO, OptionsCity. “The addition of Tower Trading Group is a great testament to the strength of our products.”
For more information about OptionsCity risk management, analytics and execution capabilities, please visit www.optionscity.com/metro.
About Tower Trading Group (TTG)
TTG offers market-leading trading operations and market access to over 200 active traders across the globe. Headquartered in Tower 42 in the City of London, the company actively trades across the European and the US listed derivatives markets and has now further developed its business by offering fully integrated options trading and market-making operations.