OptionsCity Acquires eRisc

Chicago - 16 November 2010

OptionsCity Software, Inc., a provider of an end-to-end electronic trading platform, announced today that it has acquired the assets of eRisc, a provider of risk trading applications
.
“The acquisition of eRisc is a move for OptionsCity that will accomplish opening new channels and accessing new networks,” said Hazem Dawani, President and CEO. “the assets of eRisc meet our needs and will contribute to our continuous growth.”

“OptionsCity is an innovative growing company and we are glad to be doing business with them,” said Jesse Stamer, President of eRisc.
“eRisc’s decision to sell to OptionsCity was made after a mutual review of the company’s infrastructure and technology.”

OptionsCity® Metro is a fully configurable electronic trading and market making platform that creates a distinctive edge by enabling options traders to have full control over trading, safety, and risk management. OptionsCity® Metro was built on power, speed, reliability, and a way for options traders to simplify a complicated process. 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. OptionsCity® Metro’s combined features and benefits give options traders an efficient, effective, and complete end-to-end solution to trade at a fast pace in any market condition.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development