European Energy Exchange expands access to power derivatives market with OptionsCity

Source: OptionsCity

The European Energy Exchange (EEX) today announced that OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, will broaden its connectivity with EEX, helping the exchange expand access to its Power Derivatives Market.

As an Independent Software Vendor, OptionsCity’s electronic trading platform, Metro Now, is linked to EEX’s “T7” trading system, providing access for trading in EEX Phelix Futures and Phelix Options.

“We are glad to welcome OptionsCity as a new ISV at EEX,” says Steffen Köhler, Chief Operating Officer at EEX. “Customers from OptionsCity will benefit from broader access to energy products, while our network of trading participants can benefit from OptionsCity’s innovative trading technology. This applies in particular to trading power options, where EEX plans to introduce a number of new contracts in further market areas.”

“Through direct connectivity with EEX, OptionsCity will offer customers access to the most liquid power futures in Europe,” says Hazem Dawani, CEO of OptionsCity Soft-ware. “At the same time, we are excited to design innovative new solutions and expand our global footprint, helping us to better serve customers.”

OptionsCity recently launched its new flagship product, Metro Now, which offers pro-fessional traders a modular and customisable platform for futures and futures options. Metro Now provides all the rich functionality of prior versions, but via a web-enabled interface that reduces time to market for trading and risk management strategies.  

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