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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.

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. 

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. 

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.