SOURCE: WhenTech LLC

WhenTech - The Future of Options

October 19, 2009 11:50 ET

WhenTech and Parity Energy Announce Availability of WhenTech Valuations on Parity Energy Platform

NEW YORK, NY--(Marketwire - October 19, 2009) - WhenTech LLC, a premier provider of option pricing and risk management solutions to the commodities futures industry, announced today the availability of WhenTech Markets® real-time option pricing on the Parity Energy Platform (PEP). This powerful combination allows market makers and other enabled clients of WhenTech and Parity Energy to view WhenTech valuations and other options analytics directly within the PEP application.

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 Patent Pending algorithm allowing quick, point-and-click pricing for nearly all options/futures spreads. WhenTech Markets® is designed for both the desktop and the trading floor, and supports close to 200 commodities traded on most major exchanges.

"WhenTech has established itself as a leader in pricing and risk management for the option trading community," said Charles Reyl, CEO of Parity Energy. "The ability to invoke WhenTech real-time option pricing directly from the Parity Energy Platform brings enormous value to market makers and by extension to all PEP market participants. We are very pleased with the high level of technological cooperation and look forward to a very successful relationship with WhenTech."

Dave Wender, Founder and CEO of WhenTech, said, "We are very excited to provide our customers with the first commercially available trading platform integration of WhenTech's Valuation Service API. In less than two years, Parity Energy has developed a strong track record of bringing innovation and electronic liquidity to the OTC energy option marketplace. Given that a large majority of energy option market makers use our product, it makes a lot of sense for them to take advantage of WhenTech Markets' analytics directly through the Parity Energy Platform."

About WhenTech

WhenTech is a leading provider of technology, software and information services to the commodities industry, including traders, brokers and various exchanges throughout the world. 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 NYMEX and, coming later this year, at CME/CBT in Chicago. Learn more about WhenTech and take a tour of WhenTech Markets® at www.whentech.com.

About Parity Energy

Parity Energy, which was recently voted Best Newcomer of the Year by Energy Risk in its 2009 Energy Risk Awards, owns and operates the Parity Energy Platform (PEP). PEP is an electronic marketplace supported by a highly-rated voice brokerage for OTC energy derivatives and adopted by 100 leading institutions across a number of energy markets. Parity Energy helps energy producers, consumers, banks and hedge funds gain access to the deep liquidity of the OTC markets, exercise robust control of their orders and implement straight-through processing. Learn more about Parity Energy at www.parityenergy.com.

Contact Information

  • WhenTech Contact:
    Jeffrey A. Tischler
    Chief Operating Officer
    (212) 571-0042
    Email Contact