CHICAGO & PHILADELPHIA--()--OptionsHouse and mPower Trading Systems today announced an agreement whereby OptionsHouse will be the exclusive licensee of mPower’s Prodigio RTS trading system. The agreement will provide a clean transition and a high-performance technology platform for OptionsHouse and Prodigio active clients.
“We are pleased to partner with Prodigio to provide our clients with new trading tools aimed at supporting their trading decisions. Expanded functionality such as back-testing and program trading will help our clients mitigate risk, generate trade ideas and inject more discipline into their investment strategies”
“We are pleased to partner with Prodigio to provide our clients with new trading tools aimed at supporting their trading decisions. Expanded functionality such as back-testing and program trading will help our clients mitigate risk, generate trade ideas and inject more discipline into their investment strategies,” said George Ruhana, CEO of OptionsHouse. “We are focused on providing great value to our customers. We already provide some of the lowest, most competitive rates in the industry and the addition of Mpower’s technology will expand our capabilities to provide customers with even more sophisticated tools for trading strategy and idea generation.”
Jim Bell, Managing Partner of mPower, said, “As one of the fastest growing online brokerage firms, OptionsHouse is a proven leader in leveraging its talented personnel and unique technology to drive enhanced trading decisions. We are delighted to partner with OptionsHouse to bring to market the kind of institutional grade technology and client service that serious investors demand in today’s rapidly moving markets. We look forward to working together to enhance OptionsHouse’s leadership position in the self-directed online services industry.”
OptionsHouse, LLC was founded by PEAK6 Investments, LP in 2005. OptionsHouse (www.optionshouse.com) provides savvy investors in stock and options the power and functionality of software-based trading tools, data feeds, execution capability and trading tools which leverage the years of experience of PEAK6 traders. OptionsHouse makes this professional grade experience available to clients through a streamlined, user friendly interface and couples that with some of the lowest most competitive rates available in the industry. PEAK6 Investments, L.P. (www.peak6.com) is a leading financial institution with headquarters in Chicago, and offices in Seattle, New York and San Francisco. Established in 1997, PEAK6 has a demonstrated track record of success in proprietary trading, retail brokerage, technology innovation and risk management. PEAK6 focuses on innovation, execution prowess and nurtures a highly dynamic, entrepreneurial culture.
About mPower Trading Systems
mPower Trading Systems through its Prodigio RTS technology designs, writes and develops proprietary, expert level automated trading systems. With experience spanning over two decades, mPower was founded in 2003 to embrace the challenge in delivering complex powerful analytic and algorithmic trading technology to retail, professional and institutional self directed investors. mPower Trading Systems combines the best in practical financial market knowledge with some of the most elite quant developers in mathematics and computer science to create Prodigio RTS (robotic trading system), recognized as one of the most pre-eminent automated robotic trading system available today.