OptionsCity Expects Strong Interest for Nasdaq Energy Futures on First Day of Trading
OptionsCity Software announced that its clients will begin trading and market making in Nasdaq Futures (NFX) today, the first day products are available.
“Since Nasdaq’s announcement, we’ve seen strong interest from our client base of professional traders and market makers. We expect that interest to translate to trading volumes over the upcoming months,” said OptionsCity CEO and cofounder Hazem Dawani.
“More broadly,” Dawani added, “products are increasingly fungible between exchanges. To professional traders and market makers, identifying fleeting opportunities where they exist is key to success, making it more important than ever to have one technology capable of monitoring positions and executing trades.”
Combining OptionsCity’s robust trading and risk management software, Metro NOW, with new opportunities at NFX, futures and options traders can easily deploy the strategies that best meet their needs.
In March, Nasdaq announced that OptionsCity was a preferred independent software vendor for NFX. OptionsCity has since been working with Nasdaq on ensuring Day 1 connectivity to the new exchange.