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WhenTech Passes One Billion Contract Mark(May 09, 2012)
NEW YORK, NY -- (Marketwire) -- 05/09/12 -- WhenTech LLC, a leading provider of technology and information services to the futures and commodities options industry, today announced that the number of contracts traded and entered into customer positions in its core application, WhenTech Markets®, since the product's introduction in 2004, has exceeded one billion.
Commenting on this achievement, Dave Wender, WhenTech's Founder and CEO, said, "Surpassing one billion contracts traded by our customers is a great milestone, and but one indication of WhenTech's significant, growing market presence, as WhenTech Markets® continues to become the industry standard for pricing and risk management of options on futures. Our growth has been driven by our focus on developing product enhancements requested by our increasingly diverse customer base."
WhenTech customers include traders, risk managers, hedge funds, banks, market-makers, brokers, clearing firms and exchanges, and its technology partners include popular trading platforms, industry-standard instant messaging platforms, matching engines and electronic exchanges.
Wender added, "We have also expanded our customer integration capabilities, which are facilitated by a strong and growing set of APIs. In addition, our integration with industry-leading execution vendors has brought added value and efficiency to the WhenTech user experience."
WhenTech Markets® is an advanced option pricing and risk management platform, offering sophisticated analytical and pricing tools with a simple-yet-powerful user interface, featuring a patented method allowing quick, point-and-click pricing for nearly all options/futures spreads. WhenTech Markets® can be optimized for either the desktop or the trading floor, and supports approximately 250 futures and commodities products traded on most major exchanges. As customers have said, our "Software Acts Like A Trader Thinks."
WhenTech LLC is a leading provider of technology, software and information services to the futures and commodities options industry. Through its core pricing and risk management software, WhenTech Markets®, the Company is truly defining "The Future of Options®." WhenTech is headquartered in New York City, with on-site customer support offices at CME/CBOT in Chicago and NYMEX in New York. Learn more about WhenTech and take a tour of WhenTech Markets® at www.whentech.com, visit our blog at blog.whentech.com, email us at [email protected] or call +1 (212) 571-0042 in New York, or +1 (312) 488-2498 in Chicago. Visit us at the FIA New York Expo on May 17, 2012 at the Marriott Marquis Hotel in New York.
For Further Information Contact:
Jeffrey A. Tischler
Chief Operating Officer
+1 (212) 571-0042
+1 (312) 488-2498
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