KUALA LUMPUR, March 12 (Bernama) -- OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, is the preferred independent software vendor for Nasdaq Futures (NFX), the exchange group's U.S. based designated contract market (DCM).
Through NFX, Nasdaq would expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which would launch in 2015, said Nasdaq in a statement issued today in Boca Raton, Florida, the United States.
OptionsCity will support Nasdaq energy futures immediately at launch with OptionsCity's flagship product, Metro NOW. Using Metro NOW, which will launch to all of OptionsCity's customers later this month, professional traders and financial institutions can customize their trading experience with robust pricing, execution and risk-management tools.
"Market participants will be able to leverage OptionsCity's innovative platform for electronic futures and options trading, and their widely used risk management system when accessing our energy futures offering.
"Ultimately, our coordination with OptionsCity will empower us to better serve energy market participants around the world," explained Magnus Haglind, Chief Executive Officer at Nasdaq Futures in the same statement.
Nasdaq's Global Commodities business offers trading and clearing solutions for various related assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
-- BERNAMA
http://www.bernama.com.my/bernama/v8/bu/newsbusiness.php?id=1116385
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