OptionsCity Metro
OptionsCity Metro is a fully configurable electronic trading and market making platform that enables options traders to have full control over trading, safety, and risk management. [1] OptionsCity Metro connected to Parity Energy in March 2011 to give customers access to the OTC Energy markets. [2]
The Wall Street Letter named OptionsCity Metro “Best Options Trading Platform - Client Service” in the 2013 Institutional Trading Awards, the second consecutive win for Metro in the options trading category. [3]
OptionsCity Metro Features[edit]
Dynamic Quoting Engine
- Fast quote construction and submission;
- Proprietary quoting algorithms, optimized for speed, to react to market conditions;
- Comprehensive set of safety features to protect against market risks;
- Non-scripting logic technology for traders to quickly react to market conditions rather than be limited by scripts.
Electronic Trade Sheets
- Configurable allowing for pricing, click trades, and strategy setup;
- Full customization of colors, fonts, and cell contents;
- View market data and place orders;
- Manage volatility and set up different skew types - fixed or floating;
- Support for tablets on the exchange trading floor.
Electronic Eye (Target Finder)
- Displays, sorts, and filters trading opportunities;
- Allows traders to click trade or auto respond to opportunities;
- Create strategy missions based on triggers the traders set to hit targets and auto respond to opportunities.
Options Pricing and Modeling
- Several options pricing models available to price European and American options;
- Several skewing methods available to adjust and calculate volatility;
- Graphical representation and manipulation for skews and prices.
Integrated Risk Management Tool
Respond to Exchange Requests
- View Request for Quotes (RFQs) sent out by market participants on the exchange;
- View Auctions and Price Improvements (PIPs) initiated by market participants;
- Manual or auto respond to RFQs and Auctions.
Direct Exchange Connectivity
- Direct exchange connectivity to over 15 exchanges;
- Servers co-located next to exchange matching engines;
- Support of order routing to additional exchanges through clearing firms’ systems.
OptionsCity Metro Benefits[edit]
OptionsCity Metro benefits as marketed by OptionsCity include:
- Minimum latency throughout the system;
- Fast quote construction and submission, and automatic response to opportunities;
- Server-side processing and execution;
- Co-location of server next to the exchange matching engine;
- Streamlined feature set;
- Graphical display of information;
- Flexibility to configure to meet different needs;
- Collaborative environment allows traders to communicate and increase group efficiency;
- Dynamic graphical display to quantify market discrepancies;
- Early detection and automated response to extreme market conditions based on defined thresholds;
- Safety features to protect and warn from human error;
- Clear understanding and management of risk to allow for profitable trading;
- Enhanced trader’s communication by providing the ability to chat, share settings, and monitor trading activities within teams;
- Simultaneous direct access to various exchanges;
- Unified market access enabling new exchange connections when required;
- Strategy automation through wizards not requiring scripts to create trading strategies as powerful as if the traders have their own software developers;
- Speedy execution through customized pricing, automated quoting, and risk management;
- Open Architecture allows easy integration with existing systems;
- Integration with proprietary solutions such as proprietary pricing models or execution algorithms;
- Adaptable technology permits traders to fully automate trading strategies and maintain order work flow.
Resources[edit]
Trading on C2 Using OptionsCity Metro
References[edit]
- ↑ Software Review: OptionsCity Metro. Futures Magazine.
- ↑ OptionsCity Rolls Out Metro To Parity Energy. Automated Trader.
- ↑ OptionsCity Metro wins "Best Options Trading Platform" Award. OptionsCity.