Wall Street Letter VOL. XLVI, NO. 1 - January 2014 | Page 6

NEWS

position didn’t deliver. Participants in
the lending program would receive a
payment of full market value for the
securities if CNS could not return the
borrowed securities by the end of the
settlement day.
NSCC said the program had
previously had a high level of use,
such as in 2007 when there were 21
participants and the utility borrowed $1.85bn on average daily. Use
dropped off in October last year with
just three participants and $81m borrowed on average daily, it said.
“Given this dramatic reduction in
the use of the program, NSCC has
determined that it is not economically efficient to maintain the service,”
NSCC noted. A specific end date for
the program will be distributed in a
later notice, it added.
TECHNOLOGY
06

OptionsCity to
release update to
analytics platform
OptionsCity will release the 5.0
version of its Metro trading offering
in 2014, according to executives of
the company.

Metro, OptionsCity’s predictive
analytics tech that covers various options asset classes including energy, is
undergoing an upgrade that is due to
be complete and ready for market by
the first quarter of 2014, according to
Jerry David, chief business development officer.
“We intend on making functionality improvements to our flagship
Metro electronic trading platform
for our customers trading the energy
markets,” said David. “We also will be
incorporating Excel integration into
the system and enhancing our smart
account management functionality for
brokers. Finally, we will be launching
our Risk Command