Orc introduces Orc Flow Control for effective control and monitoring of pre-trade risk
Stockholm, Sweden, December 12, 2012 – Orc, a leading provider of technology and services for the global financial industry, today introduced Orc Flow Control, a new solution for managing and monitoring pre-trade risk. Orc Flow Control is designed to help brokers enhance their DMA offerings; and for banks and trading firms to manage their internal flows.
Based on a single user interface, Orc Flow Control provides flexible, real time monitoring of limits and trading activities for multiple participants across multiple markets. Compared to current single market gateway controls, Orc Flow Control offers a multi-market view, greater ease of use, superior functionality and is fully compliant with the ESMA regulatory framework.
“Flexible pre-trade and compliance solutions are key for our customers in order to efficiently manage risk and the changing regulatory requirements,” says Jesper Alfredsson, Vice President Product Management, Orc. “With Orc Flow Control we also introduce a user friendly and highly customizable interface to the risk management function, characteristics that Orc users long have experienced and appreciated.”
Orc Flow Control offers advanced functionality for defining precise controls and filters, monitoring of trading activities as well as “fat finger” controls on individual order level. All limits and pre-trade checks are defined from the Orc Flow Control GUI and can be changed in real time. Additional features allow for immediately disabling trading activity for selected markets, traders or participants.
Orc Flow Control is immediately available for Orc clients in the EMEA region. Product availability and support for additional regions and markets is to be announced.
About Orc
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.
For further information, please contact:
Jesper Alfredsson, Vice President Product Management, Orc, Tel. +46 739 01 02 20, jesper.alfredsson@orc-group.com
Christine Blinke, Chief Marketing Officer, Orc, Tel. +46 739 01 02 01, christine.blinke@orc-group.com
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