3D Markets Sees Record Volumes, Positions for Growth in 2009

29 January 2009

3D Markets, the 1st Block Crossing network for US Listed Equity Options continues to see demand from the institutional asset management community for its system which discovers liquidity for large option orders. A number of new clients have come online this year and, with several trading days remaining, January is already the company’s best month on record. To support a continuation of that growth, the company is formally announcing the release of Archangel™ 1.2.

Jeromee Johnson, the company’s President says, “We are now approaching the one year anniversary of our first beta trade, and we’re very proud of everything we’ve accomplished. The original blind-bid concept has been proven and accepted. Now, with our future versions of the platform, it’s important that we respond to customer demand with new features.” Archangel™ version 1.2 includes new order types for covered call and delta neutral trading as well as an alternative blinding functionality that discloses the underlying security of an option, but masks the side.

This release also brings Archangel™ squarely into the RIA (Rich Internet Application) space and its functionality is reliant on a number of Web 2.0 standards, including AJAX and HTML5. “Our priority is providing secure, reliable, and easy to use interfaces.” Atul Ashar, Director of Technology, says. “Beyond that, this architecture gives us a key competitive benefit – flexibility – the ability to quickly build and integrate new functionality.”

The company expects that 2009 will be a challenging year for the financial markets. Founder and CEO of 3D Markets, David Mortimer says, “With asset levels down, with new regulations on the horizon, with everybody nervous about their counterparties and where we’re heading next, 2009 is shaping up to be an interesting year. We are continuing to position our products to best serve our expanding base of clients.”

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