OptionsCity has been selected as a preferred independent software vendor for Nasdaq Futures (NFX), the exchange group's US-based designated contract market (DCM).
Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in 2015.
"OptionsCity is the leading software platform for options on futures traded on global futures exchanges," says Hazem Dawani, the CEO and cofounder of OptionsCity. "Supporting Nasdaq Energy Futures offers our clients the ability to find opportunities and execute new trading strategies."
OptionsCity will support Nasdaq energy futures immediately at launch with OptionsCity's flagship product, Metro NOW. Using Metro NOW, which will launch to all of OptionsCity's customers later this month, professional traders and financial institutions can customise their trading experience with robust pricing, execution and risk-management tools.
"Market participants will be able to leverage OptionsCity's innovative platform for electronic futures and options trading, and their widely used risk management system when accessing our energy futures offering," says 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."
