Orc selected by BRED Banque Populaire for market making on Eurex
Upgraded market making solution offers rich functionality and high performance ‘out of the box’.
Stockholm, SWEDEN – Wednesday, April 10, 2013 – Orc, a leading provider of technology and services for the global financial industry, today announced that BRED Banque Populaire, a leading regional bank in France, has selected Orc Market Maker, Orc’s high-performance turnkey solution for derivatives market making.
A new Orc customer, BRED Banque Populaire will use Orc Market Maker to support its expanding market making operations at Eurex. The bank chose Orc following an extensive evaluation of available market making tools.
“We have been looking for a market making application with leading edge performance as well as a broad toolset which helps us trade more efficiently,” says Pierre Vedrines, Head of Capital Markets, BRED Banque Populaire. “Orc Market Maker provides an excellent match for our needs.”
Orc Market Maker offers an out-of-the box solution for market makers, while offering extensive support for customization. It enables market makers to trade listed derivatives, structured and cash products on multiple exchanges, while facilitating their decision-making.
“As France is a strategic market for Orc, we are very pleased with the choice of BRED Banque Populaire to go with Orc Market Maker, which is clearly indicative of our strong presence here,” says Guillaume Poitevin, Vice President Sales EMEA, Orc. “Their deployment of the latest version of Orc Market Maker also makes a convincing case for our approach to developing a turnkey, high-performance trading solution which is easily adapted to a broad range of market making requirements.”
Orc Market Maker has a versatile toolset which offers great flexibility to support different approaches to market making. In its latest release, major enhancements are found in the click trading functionality, enabling more personalized settings and preferences for context-sensitive click trading. Manual orders can be entered more intuitively, improving trader productivity. Orc Market Maker also helps facilitate more intelligent quoting by automated hedge management, liquidity conscious pricing and strike prioritization alongside smart portfolio management.
Orc is next exhibiting at TradeTech Europe, Excel Centre, London, April 17-18.
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII.
About BRED Banque Populaire
BRED Banque Populaire is the largest of the regional banks belonging to France’s second-largest banking group, BPCE. A co-operative bank with 130,000 member-shareholders its activities are divided between two main businesses: retail banking and banking services for large institutions. It is acknowledged for its capacity to innovate and create strong value added services, particularly in the areas of flow management and electronic banking. For more information, go to www.bred.fr
For further information, please contact:
Lee Griggs, President EMEA, Orc, Tel. +44 20 794 209 58
Christine Blinke, Chief Marketing Officer, Orc, Tel. +46 739 01 02 01