OptionsCity Software, a multinational provider of electronic trading solutions, today announced the full launch of its modular trading platform, Metro NOW. As fans of options and futures trading know, the Metro platform is the flagship product of OptionsCity, whereas Metro NOW is the latest development in this series.
The new platform offers professional traders, financial institutions, hedge funds, banks, and commodity trading houses a customizable and scalable futures and options-trading platform, deployed seamlessly via the web.
“Trading software used to be one-size fits all, but in today’s dynamic market environment, trading platforms must be able to adjust to what products are traded and what strategies are deployed,” said Hazem Dawani, CEO and cofounder of OptionsCity Software. “Metro NOW reimagines what trading software could be – empowering traders to create the perfect experience through widgets downloaded from our newly launched City Store.”
Metro NOW responds to professional traders’ need for robust pricing, execution and risk-management, whereas offering the ability to build customized strategies inside the same environment. With Metro NOW, traders can build their own custom widgets or buy off-the-shelf widgets through OptionsCity’s City Store, freeing up development resources for more critical elements of a trading strategy.
OptionsCity CTO and cofounder Victor Glava noted: “Traditional trading software was rigid, forcing firms into a decision on where they have to compromise – on either functionality or on time and resources. Metro NOW shifts the paradigm and allows firms to both build and buy. Our flexible architecture means that firms can dedicate time and resources developing mission-critical elements, instead of reinventing the wheel.”
This is a further push into the options and future technology area that we see from OptionsCity. An important move by the company in this respect was the acquisition of OptionShop, a futures-options trading technology company, an expert in mobile and cloud tech, in November 2014.
To view the official press release on the new platform rollout, click here.
To learn more about Metro NOW, click here.