FOR IMMEDIATE RELEASE
OptionsCity Rolls Out Metro To Parity Energy
Chicago, March 24, 2011 – OptionsCity Software, Inc., a provider of an end-to-end electronic trading platform, announces today that it is a certified vendor on Parity Energy’s electronic trading platform. This will give traders who use OptionsCity Metro further access to the Over-the-Counter (OTC) option markets in the energy space.
“We are thrilled to bring OptionsCity on as a certified vendor enabling their customers to trade OTC crude oil and natural gas options on a high-performance system such as Metro,” says Charles Reyl, CEO of Parity Energy. “The Parity Energy Platform (PEP) provides liquidity providers, hedgers and financial participants with electronic access to the OTC markets clearing through ClearPort and ICE Clear. Metro will allow market makers to reach Parity Energy's host of institutional customers very effectively”.
The added connectivity on Parity Energy’s market gives options traders the diversity they need during the rise of volume in the energy options market.
“We are now able to provide our customers with connectivity to Parity Energy’s OTC markets, which provides options traders with diversity in the products they trade in the energy space,” says Hazem Dawani, President and CEO of OptionsCity. “Additionally, this presents us with an opportunity to serve new clients who trade OTC and need access to this important market.”
OptionsCity® Metro is a fully configurable electronic trading and market making platform that creates a distinctive edge by enabling options traders to have full control over trading, safety, and risk management. OptionsCity® Metro was built on power, speed, reliability, and a way for options traders to simplify a complicated process. Metro’s intuitive interface provides options traders with a powerful solution that has a dynamic quoting engine, mitigates risk substantially, and lowers high-scale costs.
About OptionsCity Software, Inc.
OptionsCity Software, Inc., founded in 2006, is a Chicago based financial technology company that provides real-time electronic trading solutions to options traders who make markets, maintain liquidity, and trade on the world’s leading derivative markets. OptionsCity® Metro, the company’s main product, is a complete end-to-end, fully configurable electronic trading and market making platform that creates a distinctive edge by enabling options traders to have full control over trading, safety, and risk management. OptionsCity is a certified ISV (Independent Software Vendor) on the CBOE, CME, CBOT, NYMEX, COMEX, CFE, CBSX, ICE, NYSE AMEX, BOX, and C2.
About Parity Energy, Inc.
Parity Energy matches institutional buyers and sellers of energy derivatives, both over-the-counter and on exchange. Parity Energy owns and operates the Parity Energy Platform (PEP), an internet-based global electronic trading facility for commodity options, whose volume has been doubling year over year since inception in 2008. Currently, PEP operates as an Exempt Commercial Market and counts over 150 trading institutions as participants. Customers include oil and gas producers, oil refiners, investment and commercial banks, hedge funds and market making firms. Learn more about Parity Energy at www.parityenergy.com.
This press release contains forward-looking statements with the exception of historical information. The matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
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Contact: Andriana Valentino
Phone: (312) 376-8394