OptionsCity Software expands Algo Store and developer community around Freeway

Chicago, IL - 13 December 2012

OptionsCity Software, a leading provider of end-to-end electronic trading solutions, today announced the expansion of Algo Store™, the firm’s online marketplace for traders and developers to create, purchase, and download trading algorithms available at algostore.optionscity.com.

The expansion has resulted in additional certified developers providing a 25% increase in the Algo Store repository. New automated strategies are available for download and include volatility curve management, complex execution strategies as well as the StockTwits News Feed, a component that provides access to the most active social data feed geared towards the financial community.

“We are excited to provide a new audience of traders with seamless on-demand playback of historical market data for backtesting and analytics integration,” comments James Austin, CEO of Vertex Analytics. “Algo Store is a great tool for exposing our services to OptionsCity Freeway users. Algo Store’s innovative technical infrastructure allowed for easy integration and algo submission.”

Algo Store seamlessly integrates with Freeway, OptionsCity’s multi-asset automated trading platform, contributing to its minimal development to deployment cycle. Algo Store also provides Freeway clients with sophisticated code samples at no cost, including delta and gamma hedging and futures auto-spreaders.

“Trading firms and investment banks traditionally develop their own algos internally requiring a significant high cost endeavour in development, testing, and deployment,” remarked Con Litvin, an Australian-based OptionsCity Certified Developer on Algo Store. “The commercialization of algorithms through Algo Store makes algorithmic development and trading more affordable and accessible to traders.”

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