Hazem Dawani, President and CEO, OptionsCity
"We are now able to provide our customers with connectivity to Parity Energy's OTC markets."
OptionsCity Software, Inc., a provider of an end-to-end electronic trading platform, has announced that it is a certified vendor on Parity Energy's electronic trading platform.
"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.".
"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.