Tower Trading Group Selects OptionsCity’s Metro Platform

TTG has deployed OptionsCity’s Metro platform to ‎extend its trading technology offering in the European market.

London-headquartered institutional broker Tower Trading Group (TTG) ‎has selected OptionsCity’s Metro, a low-latency futures and ‎options trading platform deployed seamlessly via the web, to promote‎ its options trading and market-making, according to a company statement.‎

OptionsCity Software is a Chicago-based provider of futures and options trading and ‎analytics solutions, operational since 2008. The company recently ‎updated its Metro platform to offer an in-between option to ‎building or buying new software, and introduced Metro Now, which allows users ‎to download task-specific widgets in the platform. ‎

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The risk management team of TTG will also utilize Metro’s valuation ‎models and post-execution tools across all of options markets, including those with less liquid products, to evaluate and monitor its risk on a continuous ‎real-time basis. The modular architecture of Metro will allow TTG to scale its usage ‎of the platform and automate its processes as business continues to grow.

Commenting on acquiring yet another customer in London, Hazem Dawani, CEO of OptionsCity, said:  “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. The addition of Tower Trading Group is a great testament to the strength of our products.”

Jonathan Taylor, CEO of Tower Trading Group, added: “After a thorough review of options trading platforms, we chose OptionsCity Metro for its turn-key, low-latency architecture. In addition to the out-of-the-box features for trading and risk management, OptionsCity APIs will enable us to extend the platform as our operation continues to expand. OptionsCity has proven itself as a market leader.  Their global connectivity, superlative trading and risk functionality, robust implementation and expert support were critical factors in the selection process.”

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