OptionsCity selected by major Japanese bank

OptionsCity selected by major Japanese bank
30.07.2013 01:00 am

OptionsCity selected by major Japanese bank

OptionsCity Software announced that a Tokyo-based financial institution has deployed OptionsCity Metro and OptionsCity Freeway to its traders in New York and London. 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.

"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. "We are seeing solid demand and growth for our solutions within institutional customers in both North American and Europe."

The bank integrated their internal systems into Metro via the Freeway API and will utilize Metro SmartComplete, a feature that reduces response time for pricing complex spreads. Recent enhancements have also been made to the Metro market making engine, allowing the bank to take advantage of optimal quote prioritization.

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