OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced that it has completed certification with Fidessa, allowing Fidessa brokers to receive order flow from OptionsCity's Metro clients. This certification provides OptionsCity's customers with access to Fidessa's community of global customers and builds on OptionsCity's customer reach within the futures options space.
"OptionsCity is excited to deliver orders from its market-leading options analytics and pricing solutions to a new audience of financial institutions who rely on Fidessa for their order management and workflow capabilities," said Hazem Dawani, CEO and co-founder at OptionsCity. "Over the past ten years, OptionsCity has established itself as a market leader in the futures options space and this certification will further broaden the reach of our offering."
Justin LIewellyn-Jones, Global Head of Derivatives at Fidessa, commented: "We are committed to helping our customers manage their electronic workflow to achieve the highest levels of execution quality and control. Our open architecture allows us to interface with any execution management system that our customers' own clients are using. We are pleased to be able to connect OptionsCity Metro clients to our community of more than 700 global brokers via our extensive FIX connectivity network."
OptionsCity Metro customers can manage complex option portfolios and take advantage of advanced option models, analytics and execution tools. Metro also allows customers to manage volatility surfaces with confidence in their values, allowing them to quickly and confidently price and trade multi-leg option structures. Now these customers can direct their resulting order flow to the global community of brokers on the Fidessa network. In executing these orders, Fidessa brokers can further leverage advanced execution and order management capabilities available within Fidessa's award-winning software suite.
OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges.
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