Japanese Bank Chooses OptionsCity for Energy and OTC Trading Solutions

Tuesday, 30/07/2013 | 21:04 GMT by Adil Siddiqui

OptionsCity, a leading multi asset trading platform for on exchange and OTC products has been deployed by a Tokyo based bank. The Bank will take advantage of OptionsCity’s Freeway and Metro solutions.

Japanese Bank Chooses OptionsCity for Energy and OTC Trading Solutions

A leading Japanese bank has selected OptionsCity trading platforms for both OTC and Exchange traded products. The unnamed bank will deploy OptionsCity Software, OptionsCity Metro and OptionsCity Freeway, to its trading desks in London and New York.

A spokesperson from OptionsCity informed Forex Magnates that the financial institution that is headquartered in Tokyo trades energy and treasury products. The OptionsCity trading platforms were adopted by the bank’s energy trading operations for trading on NYMEX and its Over-the-Counter trades in Europe.

jerald_david — Jerald David, Chief Business Development Officer of OptionsCity Software

“Our client is an international firm that requires a robust technology to complement their trading capabilities, and we are delighted that OptionsCity was selected as a partner,” said Jerald David, Chief Business Development Officer of OptionsCity Software in the official press briefing. “We are seeing solid demand and growth for our solutions within institutional customers in both North American and Europe.”

OptionsCity’s Metro is integrated via the Freeway API and will utilize Metro SmartComplete™, a feature that reduces response time for pricing complex spreads. The bank will benefit from a range of enhancements that have recently been implemented, including improvements to the Metro market making engine thus allowing the bank to take advantage of optimal quote prioritization.

The technology firm that was established in 2006 has been going from strength to strength, earlier this year the firm received investment from Edison Ventures. In addition, OptionsCity, recently announced that it would be opening a London based office in the third quarter of 2013 and certifying to several more leading European exchanges. OoptionsCity is connected to several exchanges including; CME, ISE, ICE, TMX & several others.