{"id":651548,"date":"2013-04-10T01:41:15","date_gmt":"2013-04-10T05:41:15","guid":{"rendered":"http:\/\/www.pehub.com\/?p=195492"},"modified":"2013-04-10T01:41:15","modified_gmt":"2013-04-10T05:41:15","slug":"edison-ventures-backs-optionscity","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/651548","title":{"rendered":"Edison Ventures Backs OptionsCity"},"content":{"rendered":"

Edison Ventures<\/strong> has announced growth capital financing in electronic trading platform provider, OptionsCity Software<\/strong>. Edison\u2019s investment marks the first institutional capital in OptionsCity, and will give Edison a minority ownership stake. <\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Edison Ventures proudly announces a significant growth capital financing in leading electronic trading platform provider, OptionsCity Software. Edison\u2019s investment marks the first institutional capital in OptionsCity, and will give Edison a minority ownership stake. The investment will accelerate the Company\u2019s sales and marketing efforts, product innovation and international expansion.
\nOptionsCity is the developer of award-winning electronic trading and market-marking platform, Metro, that has powered derivative trading since its launch in early 2008. The Company has continued to innovate with the development of its latest product Freeway, a multi-asset trading platform designed to offer developers and traders a comprehensive environment to create, test and deploy algorithmic trading strategies with micro-second execution.
\nMike Cichowski, Principal, and Chris Sugden, Managing Partner, led the investment. Sugden commented that \u201cOptionsCity is a proven innovator. We believe Freeway represents the next major development for options and futures trading. Traders demand a multi-asset capability where they can quickly test and deploy new strategies. OptionsCity\u2019s customers repeatedly confirmed this capability\u201d. Mike Cichowski noted, \u201cOptionsCity is a profitable, fast growing company bringing innovative technology to the derivatives market. We are excited to partner with the management team and assist with the company\u2019s global expansion\u201d. Rob Finn, Vice President who led Edison\u2019s diligence, noted \u201cHazem and team have built a compelling brand. The technology platform is well positioned for the fast-paced evolution of trading strategies\u201d. Along with this investment, the OptionsCity Board of Directors will expand to include Mike Cichowski, along with Joe Wald, former CEO of EdgeTrade and Executive Vice President at Gain Capital.
\n\u201cWe selected Edison as a partner \u2013 after thorough due diligence \u2013 based on their impressive track record of fast-growing businesses as well as their commitment and knowledge of the Financial Technology sector,\u201d remarked OptionsCity CEO Hazem Dawani. \u201cWe\u2019re excited to begin a new chapter in the growth of our firm.\u201d
\nOptionsCity is Edison\u2019s initial investment in Chicago, the epicenter of options and derivatives trading, and 38th overall in Financial Technology (FinTech). The industry segment includes investments in trading technology, wealth management, specialty finance, financial tech-enabled services and consumer finance. Notable current and previous investments include Gain Capital (Nasdaq: GCAP), Liberty Tax (Nasdaq: TAX), TraderTools, EdgeTrade, Scivantage, Billtrust, FolioDynamix, Princeton Financial Systems, Business Financial Services, Neat, Redvision and Best Software.
\nAbout Edison Ventures
\nEstablished in 1986 Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to later stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.
\nEdison\u2019s investment professionals are based in Lawrenceville, NJ, New York, NY, McLean, VA, Needham, MA, and Cleveland, OH. Industry specialties include Financial Technology, Healthcare IT, Interactive Marketing and eCommerce and Enterprise 2.0. Other Edison successes include Best Software, Cambridgesoft, Dendrite, M5 Networks, Marcam, Mathsoft, Octagon, Tangoe, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Ventures currently manages over $700 million and actively making new investments. For more information on Edison Ventures, please visit www.edisonventures.com and follow us on Twitter @edisonventure.
\nAbout OptionsCity Software, Inc.
\nAs developers of the award-winning Metro electronic trading and market-making platform, Chicago-based OptionsCity Software has helped options traders make markets and trade on the world’s leading derivative markets since 2006. OptionsCity continues to innovate with the development of Freeway, a multi-asset trading platform designed to build, test, and deploy algorithms with micro-second execution. OptionsCity products are built on power, speed and reliability that traders require to have full control over trading, safety, and risk management. OptionsCity is a certified Independent Software Vendor on leading global derivative exchanges and markets. <\/p>\n

Contact:
\nTricia Bradley
\ntricia@edisonventures.com
\n609-873-9224<\/p>\n

Edison Ventures
\n1009 Lenox Drive #4
\nLawrenceville, NJ 08648
\n609-896-1900
\n609-896-0066 (fax)<\/p>\n

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Edison Ventures has announced growth capital financing in electronic trading platform provider, OptionsCity Software. Edison\u2019s investment marks the first institutional capital in OptionsCity, and will give Edison a minority ownership stake. PRESS RELEASE Edison Ventures proudly announces a significant growth capital financing in leading electronic trading platform provider, OptionsCity Software. Edison\u2019s investment marks the first […]<\/p>\n","protected":false},"author":7999,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-651548","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/651548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7999"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=651548"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/651548\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=651548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=651548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=651548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}