OptionsCity Becomes Preferred Technology Vendor for Nasdaq's Energy Derivatives Business

OptionsCity and Nasdaq have reported a new cooperation that aims to bolster the exchange’s global commodity derivatives business. Details issued by the two firms state that Nasdaq selected OptionsCity for its dedicated solutions in the futures & options market and will offer the Metro trading platform.

OptionsCity has positioned itself as a viable technology provider for derivatives traders. Its flagship multi-asset platform, Metro, offers functionality such as an algo store where users can install third-party automated trading strategies.

Under the agreement, OptionsCity will be recognised as a preferred independent software vendor for the exchange’s Nasdaq Futures (NFX) entity, a US-based designated contract market (DCM).

Hazem Dawani, the CEO and cofounder of OptionsCity, commented about the new partnership in a statement: "OptionsCity is the leading software platform for options on futures traded on global futures exchanges.

"Supporting Nasdaq Energy Futures offers our clients the ability to find opportunities and execute new trading strategies."

The latest announcement comes as Nasdaq announces a number of partnerships to enhance its NFX product range.

"Market participants will be able to leverage OptionsCity's innovative platform for electronic futures and options trading, and their widely used Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term system when accessing our energy futures offering," said Magnus Haglind, chief executive officer of Nasdaq Futures.

"Ultimately, our coordination with OptionsCity will empower us to better serve energy market participants around the world."

Nasdaq has been expanding its portfolio of products to offer a range of asset classes. Its global commodities business offers trading and clearing solutions for various related assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. With market makers, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers and competitive fees, Nasdaq provides a liquid, transparent and efficient marketplace that appeals to all types of trading entities.

The exchange's futures division also reported that Trading Technologies will provide users connectivity to the exchange, thus further enhancing the coverage of the venue. The two new providers join ORC, making a total of three approved vendors operating with the exchange, according to the firm’s website.