The Gateway to Algorithmic and Automated Trading

Tower Trading Group selects OptionsCity for trading software and risk management services

First Published 24th May 2017

OptionsCity continues European expansion as futures and options trading firms deploy software solutions.

Hazem Dawani, OptionsCity

Hazem Dawani, OptionsCity

Chicago - OptionsCity Software, a provider of futures and options trading software, has announced that Tower Trading Group, headquartered in London and supporting over 200 active traders, has selected the Metro platform as its preferred platform for options trading and market-making.

The Tower Trading Group risk management team will also leverage Metro's global risk solution, enabling the team to analyze their real-time P&L and options market risk exposures in realtime, based on pricing models and volatility models implemented across all of the Tower Trading Group options markets including markets with less liquid products.

"We are excited to add another prestige trading firm as a customer in London and we look forward to working closely with Tower Trading Group as they roll out their deployment of Metro. We have been seeing a high demand in Europe where firms are looking for superior functionality and low-latency access to the US and European markets," said Hazem Dawani, CEO, OptionsCity. "The addition of Tower Trading Group is a great testament to the strength of our products."