September 14, 2016 - 2:00 AM EDT
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Nasdaq Commodities launches OptionsCity’s City Platform for European Power Products

Nasdaq Commodities is dedicated to provide customers with multiple access possibilities to our markets via state-of-the-art software tools delivered by leading Independent Software Vendors (ISVs). We are pleased to announce that OptionsCity’s Software City Platform, including CityTrader and City Execution products, now offers direct access to Nasdaq Commodities Nordic and German power markets.

With this new integration, CityTrader, OptionsCity’s cloud-based futures and options trading software, expands upon OptionsCity’s commitment to provide robust tools and trading capabilities to a large range of market participants, from commercial energy firms to individual traders and market makers. Users of Thomson Reuters Eikon will also gain access to trade directly on Nasdaq via City Execution.

“OptionsCity looks forward to providing European customers with an intuitive platform to access the European commodities markets,” said Hazem Dawani, CEO at OptionsCity. “We are committed to becoming the trading platform of choice for commodity and energy traders globally, and expanding our connectivity to include Nasdaq Commodity markets helps deliver on this vision.”

“We are excited to offer CityTrader to our European based Commodities customers,” said Georg Aasen, Head of Nasdaq Oslo ASA and VP Nasdaq Commodities. “OptionsCity is a strong partner for our US Commodities initiative known as NFX and we are pleased to expand this partnership to our European commodities markets, providing another strong trading front end for both futures and options products and further strengthen our distribution capabilities in our European power markets.

For more information about CityTrader or City Execution, please visit www.optionscity.com.

About OptionsCity Software

OptionsCity Software powers the trading, risk management and analytics needs of futures and options traders, market makers, financial institutions and other market participants worldwide. OptionsCity is a certified Independent Software Vendor and a leading source of electronic options trading volume on global derivatives exchanges. For more information, please visit www.optionscity.com.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.

About Nasdaq Commodities

Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.

Nasdaq Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with Nasdaq Oslo ASA are subject to clearing with Nasdaq Clearing.

About Nasdaq Clearing

Nasdaq Clearing is the trade name of Nasdaq Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.

For more information, visit www.nasdaqomx.com/commodities

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The Nasdaq Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Nasdaq
Sara Aadnesen, +47 9060 0759
Global Director Communications
[email protected]
or
for OptionsCity Software
Mark Meadows, 302-353-8258
[email protected]


Source: Business Wire (September 14, 2016 - 2:00 AM EDT)

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