NFX Integrates OptionsCity Software’s Settlement Solutions Capabilities

OptionsCity Software, a provider of futures and options trading and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term solutions, has been selected by Nasdaq as its newest provider of settlement price solutions on its Nasdaq Futures, Inc. (NFX) exchange.

The main instrument that will be utilized on the NFX is its derivatives contracts. As a result of the integration with OptionsCity, its settlement solution will tap into its Metro NOW platform, affording users streamlined pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term analytics.

NFX represents an expansion to Nasdaq’s existing global commodities business, whilst offering energy benchmarks to a multitude of market. Currently, the NFX offers energy futures in oil, gas, and U.S. power, as well as a horizontal clearing model operated by the Options Clearing Corporation (OCC).

According to Magnus Haglind, Vice President and Head of U.S. Commodities at Nasdaq, in a recent statement on the initiative, "As NFX continues to grow, it's important that we further develop our capabilities for establishing accurate settlement prices for options on futures in a timely manner. Utilizing their proven software suite, OptionsCity has quickly been able to provide us with a customized solution that can easily be integrated with our leading exchange platform."

"This initiative is aligned with the OptionsCity vision to leverage its core competencies in pricing and analytics to be the power behind exchanges. With the flexible architecture of Metro NOW, we continue to expand our leadership in the options on futures market," added Dan Rooney, OptionsCity's Vice President of Global Sales, in an accompanying statement.

Back in June, Stellar Trading Systems linked with Nasdaq, introducing its connectivity solutions to NFX. Its latest initiative saw exposure into the US energy markets via the NFX, which will help with its existing product suite, i.e. Stellar spreadMachine, Quantum Server, Market Maker and Aggregator.