The investment – of undisclosed amount – will give Edison a minority ownership stake in the company. In conjunction with the investment, Mike Cichowski, Principal at Edison Ventures, and Joe Wald, former CEO of EdgeTrade and Executive Vice President at Gain Capital, will join OptionsCity’s Board of Directors.
The company intends to use the proceeds to accelerate its sales and marketing efforts, product innovation and international expansion.
Led by CEO Hazem Dawani, and CTO Victor Glava, OptionsCity provides:
– Metro, an electronic trading and market-marking platform that has powered derivative trading since early 2008, and
– 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.
The company is hiring (read here)