NEW YORK, Feb. 19, 2013 /PRNewswire/ -- Tethys Technology's trading platform the TethysEMS won "Best Options Trading Platform Vendor" by Wall Street Letter Institutional Trading Awards. The awards recognize excellence among providers to the institutional trading industry as determined by a panel of independent judges who reviewed award submissions from brokerage firms, exchanges and financial technology providers. Determinations were based on the level of innovation and client satisfaction applicants illustrated over the last year, as well as their positive impact in the market. Wall Street Letter announced the winners at an awards ceremony held in New York City.
"This award underscores our commitment to offering best in class service while growing our client base and expanding our innovative algorithmic products," said Nitin Gambhir, CEO and President of Tethys Technology. "We look forward to continuing the success of our electronic trading platform for options as well as other asset classes, while providing the highest level of service for our customers."
The TethysEMS is one of the most powerful and flexible cross-asset, broker-neutral algorithmic trading platforms available today. The TethysEMS offers unique hedging and gamma trading analytics that maximize profitability and it is the only platform to combine sophisticated alpha detection with optimal trade execution. The platform includes trading strategies for equities, derivatives, cross-assets and FX, while also enabling users to test and deploy their own trading strategies. Tethys has a dedicated research effort focused on market microstructure, with experts in applied quantitative finance and computing.
Tethys has been a leader in providing sophisticated options trading tools since 2007 when it launched the first trading algorithms for US stock options. Today, the firm offers an extensive set of tools and execution tactics for options on stocks, indices and futures.
About Tethys Technology, Inc.
A Tradition of Innovation in Optimal Execution Management.
Tethys Technology, Inc. is an industry leader in financial software development, algorithmic trading and market microstructure research. Since 2001, Tethys has focused on developing analytics and toolsets that allow our clients to achieve optimal trade-execution. For more information, please visit www.TethysTech.com.
Deirdre Cogger, Tethys Technology, Inc.
SOURCE Tethys Technology, Inc.