Orc integrates with Cscreen to provide OTC pricing and reporting functionality
Stockholm, SWEDEN – Wednesday, April 25, 2012 Orc, a leading provider of technology and services for the global financial industry, today announced that it has integrated the Orc Trading products with Cscreen, NYSE Liffe’s global pre-trade price discovery platform, providing traders with a more efficient way of interfacing Indications of Interests (IOIs) for equity and index derivatives from inter-dealer brokers (IDBs).
The Cscreen integration provides Orc users with an efficient way to bring together their activities in the OTC equity derivatives markets alongside their on-screen trading. Leveraging Orc’s rich functionality in strategy trading, the Cscreen solution enables traders to quickly price and assess any incoming IOIs for swift trading decisions. Traders can now benefit from an aggregated, comprehensive view of total trading risk in both listed and OTC markets.
“The integration with Cscreen is a natural extension of our electronic trading solutions allowing firms to more efficiently manage their OTC trading flows,” said Jon Freebody, VP Sales at Orc. “As markets and regulations evolve, providing a tighter integration between OTC trading and electronic trading will allow firms to continue to grow their businesses.”
“This exciting new initiative brings together two leading service providers,” said Jason Lee, Head of Cscreen, NYSE Liffe. “Having more accurate information available in a more concise and aggregated view will give our customers the added benefit of a clearer and more informed platform on which to make trading decisions.”
Orc is next exhibiting at TradeTech London on April 25-26 (stand 351).
About Orc
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are 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 a profitable trading and brokerage business 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 the EMEA, Americas and Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII.
www.orc-group.com
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.
For further information, please contact:
Lee Griggs, President EMEA, Orc Group, Tel. +44 20 794 209 58
Christine Blinke, Chief Marketing Officer, Orc, Tel. + 46 739 01 02 01
James Dunseath, Head of Media Relations, NYSE Euronext – London, Tel. +44 20 7379 2804
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