Options

OptionsCity Software, Inc, a provider of end-to-end electronic trading software, has named Margaret Wiermanski as the company’s Chief Operating Officer. 

“Margaret is a key addition to our management team,” said Hazem Dawani, CEO of OptionsCity Software, Inc. “Her extensive experience in financial management, operations, and compliance functions will be an asset to the OptionsCity team as we continue our growth and focus on global expansion.”

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 21 new OTC North American emissions contracts. All of the new forward contracts will be available for the trade date of Monday, August 29, 2011, and options will be available Monday, September 19, 2011.

The new contracts are:

Patsystems is pleased to announce that it has entered into a conditional agreement to acquire Mixit Inc, a US based developer and vendor of sell-side Order Management Systems (OMS) and Execution Management Systems (EMS) for equities and options trading (the “Acquisition”).

Benefits of the Acquisition include:

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.”

Derivix Enhances Execution Capabilities and Service Offerings with New Partnership

The Securities and Exchange Commission today proposed to put in place two investor protection measures in options markets that currently exist in stock markets.

The SEC's proposal would prohibit an options exchange from unfairly impeding access to displayed quotations, and would limit the fees that an options exchange can charge investors and others wishing to access a quote on an exchange.

Investment Follows Year of Continuous Growth and Product Innovation

Derivix, a financial services software company providing options analytics, electronic execution and real-time risk management, is pleased today to announce J.P. Morgan and S.A.C. Venture Investments, LLC, an affiliate of S.A.C. Capital Advisors, L.P. as new investors in the fast-growing Derivix product.

NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), launched multi-serial options on Euribor on January 19 2010, to offer further hedging opportunities to customers, in Euribor options, the world’s leading interest rate options market.

Multi-serial options are long dated non-quarterly delivery months, delivering into quarterly futures.

Since launch, the new Euribor multi-serial options have traded 2.2 million contracts.

Provides Real-Time Advanced Analytics for Options on U.S.-listed Equities and Indices

OptionsCity today announced that Patrick Kenny has joined the OptionsCity Board of Advisors. Kenny, with 30 years of Financial Industry experience, worked as Patsystems Managing Director of Americas for the last 10 years. OptionsCity has expanded its Board of Advisors to 6 members with the addition of Patrick Kenny.