OptionsCity Software, a leading provider of electronic trading solutions, has added Knight’s automated trading services and algorithms for equities into both its Metro and Freeway platforms.
“We are pleased to have expanded the execution capabilities provided by Knight Direct into our trading platforms” said Chris Herndon, Sales Director of OptionsCity. “This integration allows OptionsCity to provide traders with access to additional markets and opportunities.”
OptionsCity Metro and Freeway users can also employ Knight's suite of algorithmic trading strategies, taking advantage of Knight's industry-leading technology and liquidity in displayed and dark markets. Solutions include Knight's FAN, Oasis, Covert and Sumo liquidity-seeking and Smart Order Execution and Participation strategies.
“Knight is pleased to reach the wide audience of sophisticated traders who utilize OptionsCity,” remarked Joe Wald, Managing Director at Knight.” OptionsCity’s client base will now have access to our award-winning strategies, including liquidity seeking and smart order execution strategies.”
OptionsCity Metro creates a distinctive edge by enabling options traders to have control over trading, safety, and risk management. Metro’s intuitive interface provides options traders with a powerful solution that has a dynamic quoting engine, mitigates risk substantially, and lowers high-scale costs. Newly launched Freeway is a fast and powerful server-based trading platform designed for quick development and deployment of custom algorithmic trading strategies.
OptionsCity Metro was recently named “Best options trading platform” in the Wall Street Letter’s 2012 Institutional Trading Awards.
Knight Direct algorithms are offered by the broker-dealer subsidiaries of Knight Capital Group, Knight Capital Americas and Knight Execution & Clearing Services, members of FINRA and SIPC, and Knight Capital Europe, a U.K.-registered broker-dealer authorized and regulated by the Financial Services Authority.